A longer evening
The five-minute low that was not the swing
Minjae Ryu works a logistics shift in Incheon and comes to the Tuesday studio after he has eaten. In the October term before last he brought a five-minute print of an index future and a retracement already drawn in pen.
The low he had used was a single stab just after 11:00. The cash session later made a fuller low that the five-minute chart treated as a small detail because he had zoomed in. Choi asked him to print the same day as a thirty-minute chart. The copper line moved. His 0.618 moved with it, far enough that the level he had been watching no longer sat on the prior day’s high.
He was annoyed on the night. The pen meant he could not erase, so the old map stayed as a ghost under the pencil. He said afterwards that the ghost was what convinced him. A ratio can look precise and still be attached to the wrong two prints.
He finished the six weeks. His last sheet had one swing, the deep set, and a cancel sentence he could read without looking at the chart. He still trades his own account, at his own broker, and he still brings the occasional ghost line when he thinks the room is getting too tidy.