Daily Discussion - (May 03)

The February right shoulder through gap line is displaying significance, as that is where the price is currently stopping. Screen isn't big enough to see it on the hourly, which is where you can see it is significant, as the line was clean (doesn't look like that on the daily) but I remember it because another user had said a long time ago that they had the same line; it had multiple touches from different points.

I think I'm going to mainly just scalp from now on, and trade gaps. I often take profits quick on monthlies which would have ended up at a higher price overall, but I can't stand the drawdowns in this environment unless it is one of those weekly trends which are kind of rare these days. Beginning to be able to combine multiday charts and interpreting information on the sub-daily timeframe is really coming together. Used to be a foreign language but fluency is fast approaching. You know how, when you try something new, it's just a jumble. But when you get it, it's possible to see how everything fits together and it all falls into place. Very much looking forward to this, I am HYPED. Thank you all for your help!

/r/thewallstreet Thread