I love how on your chart, the entry for the last trade doesn't even show up! LOL Of course its a Line on Close chart, and that entry was on the dip down, so I'm not saying there is anything wrong with the trade. But I am curious how you entered it. Did you just hit the market order when you saw a bounce, or did you have a limit order waiting at the level? I would honestly nominate you and LF for best posters on here. You guys post timely entries and follow up with charts. Its the gold standard!
Fast moves this morning. They did a number on both shorts and longs... I'll say we take out yesterday's HOD from here. 4335 look about right for an initial target. Not too late to roll over and take out yesterday's LOD, but the bias is higher for me here.
I'm humbled. I usually don't post trades, though. Too distracting / time consuming and I like to stay loose and flexible even if I have a main bias. I've noticed that if I post a trade I tend to want to defend it instead of trading the market.
I agree with the pressure aspect, and I couldn't do it either. (although my trades are usually over in less than a minute... win or lose) But you do post charts with trades clearly marked, so that is miles ahead of what most other posters on here do. (although I realize this is probably only on good days... LOL)
was a market order - i happened to be watching it closely as it was an area I wanted to try and the second It kinda spiked down I tried my luck But that sotp out was annoying! It basically waited to take me out and THEN fly in my direction haha
I love how often you have killer entries. Thanks for the chart, but I never doubted the entry since I realized its a Lin On Close chart. I too have noticed that those spikes can sometimes be exhaustion spikes, and the perfect place to enter a trade in the opposite direction. You've got some good instincts!