The Trouble With Scribbles

Discussion in 'Technical Analysis' started by Buy1Sell2, Mar 30, 2015.

  1. Buy1Sell2

    Buy1Sell2

    Here is today's hourly chart. Hourly and 15 rule the day. Here is all someone would need to see to have gotten long this morning.
    upload_2015-5-27_10-13-24.png
     
    #1141     May 27, 2015
  2. Buy1Sell2

    Buy1Sell2

    Once again, no real time trades posted by any of the Scribble folks anywhere on the site.
     
    #1142     May 28, 2015
  3. Buy1Sell2

    Buy1Sell2

    I've posted a chart here of the correct view of the current daily trend. Without a proper sell signal, trend remains up until we close below 4250.

    upload_2015-5-28_9-33-49.png
     
    #1143     May 28, 2015
  4. Buy1Sell2

    Buy1Sell2

    Here is the hourly from today. Currently, the hourly is just in pullback mode in a daily uptrend. For this to change, one of two things must happen-- 1) a clear reversal signal or 2) a close below 4452.00. In the meantime, longs can be taken on 15, 5 or 1 with appropriate risk management losing no more than 2% of TLNW on any one trade. Look for the correct set up on these time frames. There is no need to plan levels prior to the trading day---just take the setups as they come.
    upload_2015-5-29_0-24-36.png
     
    #1144     May 29, 2015
  5. Buy1Sell2

    Buy1Sell2

    Day trade-- Long NQ 4520.75 stop at 4516.75
     
    #1145     May 29, 2015
  6. Buy1Sell2

    Buy1Sell2

    Day trade_--Long NQ at 4517.50 stop at 4502.75
     
    #1146     May 29, 2015
  7. Buy1Sell2

    Buy1Sell2

    --and that's how you do it. You place a trade with a stop. It's as easy as that. The fact that the scribble educators will not post trades is very telling in that it would lead one to believe that there are no actual trades. It took me all of 10 seconds on each one to post.
     
    #1147     May 29, 2015
  8. Buy1Sell2

    Buy1Sell2

    Long NQ 4503.00 stop is 4501.00
     
    #1148     May 29, 2015
  9. Buy1Sell2

    Buy1Sell2

    Stop raised to 4505.00
     
    #1149     May 29, 2015
  10. Buy1Sell2

    Buy1Sell2

    Stop raised to 4506.00
     
    #1150     May 29, 2015