Well, pretty standard day. In hindsight, I probably didn't need to eat the retracement from 64 to 74, but I didn't think it would be that deep....
Wanted to get an even closer look at the price action after this one, but I ran out of time.
Anyway, we all know where we are in the current macro-trend, but here is a look at the daily context.
Would be an interesting discussion for the psychology sub-forum, but I've seen people who just seem to have an ingrained core value of being...
I'm calling it for today. For some reason heavy volatility just seems to scramble my brain. Hard to think about what to do next and analyze...
Golden, you're always one step ahead!
Haha, thanks again for taking the time to drive your point home. Closed both positions early this open, and it hasn't been looking good since....
Watching the NQ for a few months new makes me feel deja vu every once in a while. I was just looking at the context image I created yesterday...
Gringo, thank you for taking the time to draw up this chart and discuss the trade with me. I will attempt to answer your questions as best I...
Quick EOD update. Picked up TASR after a quick scan this morning but things aren't looking as optimistic as before. Whether tomorrow will bring...
Price / Volume cues and the context of the channel I posted earlier were sufficient for me to take the long. I probably would've still done so...
That's actually what happened yesterday right at the open, twice in fact, for a 3 point total loss. Easily a price I'm willing to pay in order...
To elaborate, I've had this blue channel drawn in for several days now, and have posted it once or twice this past week. If you keep that in...
Yes, I suppose you're right and a downside BO could have happened, although it didn't seem like the most probable occurrence. Expected some push...
Thanks for the feedback guys. I really appreciate it. Allow me to respond so that we can continue to learn together. @Gringo Perhaps I...
I haven't tried this before, but I thought to myself, why not reverse and try to squeeze a little more juice out of this thing for the probable...
Didn't draw any lines today. Happy about the long at the open, but was a little too apathetic about the first reverse. Could have gotten it at a...
Yes, you are correct. I expand my channels as price pushes against the LTL if they are not long term channels. The RTL is initially formed from...
Forgot to save my png before I attached it to the post. Fixed below.
Okay, so we're looking at a pretty decent example of some climactic selling action. You currently have an unsustainable rate of decline spurred...
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