Thanks, Mike.
What have I got wrong here?
The first chart I posted was the five minute chart after the first hour range. The chart broke out to the down side.When I looked at the chart during lunch,it appeared to find support at 5160. So I asked the question,is the bottom in todays session at 5160? I forgot to put the question mark in since I'm postion on an iphone in the front seat of a plumbing van. As I stated beforeI use a trading bot,it took me into the trade when the RSI rose through 50.
Over twenty years I have posted that I take a long or short position depending if the RSI is above or below 50.
My think or swim is set up to take me in as such. So at noon time,it appeared to be putting in a bottom.The chart danced around 5160,so I set my bot to a condition buy,when the market hits 5160 and the RSI is above 50,
"Go Long" well it did and I made $1000.00 dollars. No at anytime did I suggest to go long at lunch time.
I forgot the question mark on the chart. it should have stated "IS THE BOTTOM IN AT 5160?"
Hey Mike,
This is wonderful response and I accept it with thanks, even though you missed several points.
This is what I hope that you will do in the future, instead of so many missing gaps or violations of your own system that don't make any sense with no explanations from you.
metmike