range bars

Well, I know that you have not entered the market today seeing as how the U.S has two important economic reports coming out at 8:30 am est.

The jobs report and trade data. If you are all I can say is you're just plain hardheaded and the market will soften it up for you by way of your wallet.

I'm just here to remind you once again about range bars. Nope nothing new. Other than pivots there is nothing else I have spoken more about except maybe 3 bar.

Look once again at how price respects these range bars. Like I've said many times before, they are support and resistance within themselves. Knowing this, then common sense tells us to expect price to bounce off the highs and lows of them on the first attempt.

Also, I haven't heard from anyone on this but sometimes I just feel certain things in the air. For instance, I know some of you are confused when trying to do your three bar count and why? Because you're not paying attention to what I commonly repeat...A RANGE BAR COUNTS AS 2 BARS, NOT 1...AGAIN...A RANGE BAR COUNTS AS 2 BARS, NOT 1.

Now, I hope you noticed that immediately after I closed my long trade this morning the market dropped like a stone. So, my 22 pip profit is looking pretty big to me right now. Especially since it was against the current down move. Kinda makes me feel like I stole from the market and got away with it. Not to worry though, it'll get me back soon enough.

Now just to see if you're thinking with just plain ole horse sense, if you go short on a bear pivot at the top of a range bar, where should your target be? Or if you go long on a bull pivot at the bottom of a range bar where should your target be? No, I'm not going to answer that...the charts answer that every time you study them. You are studying them aren't you. I mean all the time. Hours and hours each week, cause if you're not you're not even close to being serious.

I'm not trying to be harsh but it is my job to make you think...it is that process of figuring that draws out vision. And vision is determined by the way you look at life. The way you think...

For example. My mind set. the reason I will take a profit even if my target isn't hit...I didn't learn to do that from market trading or trading in general. I learned to do that by watching birds. And if you're thinking what do birds have to do with markets, then you've answered your own question as to why you're losing money to the markets, cause everything has everything to do with everything.

You ever notice that sparrows don't fly south for the winter. I mean, where I live I see sparrows all winter long and it gets cold in Michigan. Very cold. And during the winter I see many dead pigeons and crows who try to stick it out, but there are many more sparrows and fewer of them are dead. I must ask myself why.

I noticed that if I threw out a slice of bread, there might be only one sparrow, no competition just her. But does she fly in and take the whole slice...nope. She will fly in quickly take a small bite and fly off. And she will repeat that until the whole slice is gone. She's just that cautious. That's why sparrows make it through the winter. They know how to survive.

I take the same approach when trading...I am a sparrow and it gets me through the lean times. That may sound like nothing but it is very profound. It speaks to mind set as opposed to mind GET. For if you're to concerned with the GET...WAY you forget how to GET...AWAY. (smile)

Gotta go. Report time.

Jerry