halfback is the middle of the 30 min bar OR middle of any range (think of the 50% Fibonacci level), the halfback he is referring to is 30 min bar, weak hands = short-term traders, traders that will capitulate positions as fast as they can, i.e. weak hands. He's saying that the trade action was dominated by short-term traders, thus any rally is inherently very fragile, same with any selling, because only short-term traders pay attention to such microscopic intraday details, not the long-term traders that focus solely on value.
These webinars would be so much more valuable if not for the ever-present 20 minute commercial for his paid 'intensives'.
Don’t understand what you mean. Weak hands buying “half back”.
halfback is the middle of the 30 min bar OR middle of any range (think of the 50% Fibonacci level), the halfback he is referring to is 30 min bar, weak hands = short-term traders, traders that will capitulate positions as fast as they can, i.e. weak hands.
He's saying that the trade action was dominated by short-term traders, thus any rally is inherently very fragile, same with any selling, because only short-term traders pay attention to such microscopic intraday details, not the long-term traders that focus solely on value.
Spellbound