I'm adjusting my stop to 1410. Weird behavior again at the bottom but that is probably normal in ranges. Definitely not expected, but that's when...
Bought @ 1413.50, Stop @ 1398.00 Yes, the first time in a long while that I'm seeing the usual breakout reversal pattern.
The trend is still downward. Toward the close, it almost looked like the market would break the downtrend but so far, my short position seems to...
Short @ 1398.50, Stop @ 1410.50 Interesting sell-off. I was actually looking for a break of the downtrend drawn in my previous chart. It almost...
A break in either direction will be a compelling entry opportunity. [img]
The best entry is at a trend reversal. In my very first post, I've hinted at the pattern that all markets repeatedly do: ignition, trend, range,...
Thanks so much for your comment. Yes, trading can be incredibly simple. I hope that the illustrations help to understand the tactic being traded...
It should work! I haven't thoroughly looked into it, but you are very welcome to share your insights. It would be too much work and stress for me...
Similar case: There was no horizontal resistance shaping up at the lows to prepare for any entry. It rallied straight up and the stop for a...
Not yet, there is no noticeable horizontal support base broken to the downside, and the uptrend channel since beginning of August is still intact...
There was no reversal pattern.
Hi tihfa, Yes, a break above it is a legitimate buy, and a breakdown could be a short. It just isn't the classic reversal breakout pattern I...
Thanks for your kind words, OddTrader. I'll look into the formulas and try to include the data in the performance update going forward.
My previous short position was stopped out. The market completely recovered in a weird fashion whereby no long opportunity become apparent to me....
That's right. The first upgrade is always the hardest :) I load up finviz.com from time to time to check how the market is doing out of curiosity...
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