I was looking at a price chart with some other dude, and as I observed the chart, basically what I saw was a situation where price was likely to be going into more accumulation, where it was retesting a prior high, from below. The last digits of the current price were 70. I was bearish and the dude was bullish.  He was advocating a buy right there, for some kind of over-run above the prior high of at least 20 ticks.  We looked at it again a little bit later and the price had gone up to 81, but then was down in the low-60s.  I just remember the discussion of how it went up only 11 ticks in this guy’s favor, but now was obviously underwater by about the same amount, since it didn’t go up enough to reach the take-profit zone.  At first he was proud, like “See how it popped!?” and I just kind of rolled my eyes and briefly explained how I don’t care about 10-20 ticks at all, pretty much, because the professionals don’t either.  He responded with a, “oh, so you go for more” — I guess it was a tone of something like what scalpers talk about being almost completely agnostic about what happens beyond 10 ticks or 3 minutes on the chart as a whole other realm of reality, like it was something fundamentally unknowable.  I left his place and looked back, noticing it was on the 2nd floor of the apartment complex.

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