Bride of If You Can Draw A Straight Line

9:50 Short at 79.25

 

Who cares.
9:50: Ret and short around 80 if anyone is interested.

 

9:53 68 was in the radar.... Let´s see.

The fact that buyers were not able to reach 92 is of any importance regarding context here?

 

Remember what Db said about line breaks after climactic drop yesterday. Try to give it some room to breathe a bit if you don't have fear issues. Swing points become important here. Find reasons to stay in when you're in a trend.

9:56: We had an 18 point drop. Does it look like price can go 50% up to cover that drop? From the current movement it seems less likely. See the bigger picture.

 

Still in, but breathing heavily, hehehehe.

 

That's the way to do it! Notice price contraction. I don't want to use the "H" word here.

 

9:59 buyers seem serious here. SAR at 71.50, if not touched short is held.

 

10:00 Ain´t this a beauty! SL fanned.
10:02 Fanned line in trouble, too soon for my taste...

 

Excellent! How does it feel to follow the price? How does it feel to be in the trend? It doesn't matter if price turns up here. What matters is how you held yourself together. You can always exit at swing high or whatever you feel less sure.

10:02: Time to stay alert as down move kind of got a jolt by demand.

 

10:03: DL break was noticed I hope.
10:04: RET