As you can see from the chart, no setups for me this morning, not even my darling POT. I may be back before the close. Good trading to all!
No kidding, wow did I miss some beauty... Worked out too hard yesterday and slept in this morning. Now it sort of feels like any trades I take are table scraps from the kings table.
What kind of time frames/chart settings do you guys use? Right now I have a 15 mins, 5 mins, and 500 volume. Thoughts?
70.25 (the weakest point for BULLS) is a good point since first thrust to 70.7+, then next thrust to 70.7+ too, but it falls back, defined a pretty nice double top, then the 69.82 (the weakest point for bulls) of course all those in hindsight, I was trading NQ, bought the first thrust down and sold the bounce, then shorted it, added more at morning low, covered it at 1809 limit order.
Douglas is ok, but I found it extremely dry and very boring. I'd recommend Brett Steenbarger's books. He has about 3 of them now I believe, and each is a good read.