The next stop is this level - although price action may find support somewhere in the middle. Even so this is, roughly, a 5% correction. Just a...
This minor support level may hold, but if it does my guess is the snapback would be quick and happen next week.[ATTACH]
Part 3: The yellow line is what I determined to be a failure point for those trading off the 5'. My "hope" was this could be the level that...
Part 2: On the 30' range was contracting and started expanding again. Movement was to be expected, but what direction? [ATTACH]
Rationale (1 of 3): Until price reenters 240' congestion, I am only considering shorts at certain levels, within the context of the current...
Edit: $245 loss. New balance $3950.
New balance. $3950. $275 loss[ATTACH]
Instead of closing this at 3:45 I am going to let this run into the close. The price stop remains the same.
If I followed that advice, I would literally be rich! Although this trade is actually trading with the very short term action of late. IMO, a...
Lol. You may be right. I have been reading Farley's book again and attempting to play off tje ebb and flow of range expansion/contraction.
Wouldn't that qualify as relevant, considering real life feelings if fear and greed?
Looking at the 30' chart, the range was very narrow for the last several bars - volatility contracting - and when prices started to expand the...
I am looking for a huge selloff into the close.
Short NQ. Stop at HOD. Cover at 3:45 est.[ATTACH]
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Clean air ahead. Until we enter back into the previous congestion range, or print another one, I will be stalking trend trades, for trend days....
Through an informal poll I can plainly see that the ET community would much rather have another recipe than a gentle nudge into the relaxing arena...
"... come out of this ... with a trading account left?" Hyperbole?
Warning: Cannabis consumption may lead to creative outbursts and an overall sense of well being. In honor of National Lazy Day spend a little...
Covered $275 gain [ATTACH]
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