Bride of If You Can Draw A Straight Line

4:30 in NM is kind of early! Or you just moved to Europe?

 

Hey. Early birds catch worms. But I was referring to the demand line that began at 0430.

 

Hehehe, I was looking for the 0430 break and couldn´t find it. Lets see if we can get some worms.

 

Anyway, regarding that, If I had been at the screen at 7:50 my focus would have been on the DL that started at 6:55.

Do you factor in those farther away lines in the line+ret analysis? Or were you looking at an interval longer than 1 min.

 

Given that the move that peaked at 0630 went nowhere, I looked at a "longer-term" demand line. But that's just a tactical preference.

 

0843: This long pretty much has to be taken, but I suspect it will be stopped out quickly.

0851: Out. Chop.

 

Thanks!

 

We are on somewhat of a TR, DL from 9:00 Still valid, but we are at the top of the TR at 47.

 

0914: RET Entry leaving the chop?

 

If you look at the chart from the 8:43 perspective, you really had a RET after a parabolic fall, there was no chop just yet, but it did look suspicious.