If You Can Draw A Straight Line . . .

You left a bit too early db. Thanks for this thread. One of the few I am following.

bmw

 

How ironic – based on my request/ your response yesterday evening – I was going to see if you had a write up for a range/ chop day

You know, that kind of day/ PA that makes one think – why the hell didn't I go paint the neighbors house today – or go fishing / play golf / shoot myself….

And viola one appears…

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Btw – this thread – is a hellofalot better than arguing about the validity of TA… or if today is a top/ bottom

Who the F cares – seriously


Thanks for taking the time DB

RN

 

Agreed, excellent thread. Reading db's posts is like reading my own thought processes as I trade each day.

 

Yes. And no. I really can't deal with this for more than a couple of hours, even if I'm in a trade. Too much energy, I guess.

However, since you brought it up , I'd like to know if anybody did stick around and, if so, if they tried to catch the reversal. I did say that upside would be difficult given the barriers of both the hourly and daily upper trendlines. And lo and behold. However, it took two frigging hours for the reversal to complete itself. So, did anybody try to catch it? Where and how? What did you learn?

And if no one did try, what would have been the most profitable AND safest entry (they're not the same)? I realize this is hindsight and would usually be pretty easy to tag, but all the principles have been illustrated by now, and all of you now know what trends are and what support and resistance are and what demand and supply lines are and so forth. Not that you've internalized them, but you've been exposed to them. So try to apply those principles as best you can and work your way towards what you believe, based on those principles, would have been the most profitable and safest entry. It won't be a wasted effort. This situation will come up again. And again.

 

C'mon, guys. You're all anonymous. Nobody's going to point and laugh. And even if somebody does, so what? You're trying. They're not.

 

PS: Intraday swinging is what works for me. ES is still number uno....... that instrument works for intraday swings because the volume is so thick that "monkey see, Monkey do" simply works. I get the runs and avoid the flatish ema and "all is good" Trendline (visualized in the head) 20 ema plotted, early run, a late reversal.......those are all that is need to seek out.......15 handles. :eek: (8 trades is es to get that amount, not two, ha)

 

db,

I was at my "real" job today and tried to sim trade. Attached is what I believe were my trades on another computer. I got the downtrend, but probably would have only been up a couple of points on the day.
The morning was a mess with 4 losers in a row. I would appreciate comments on my morning setups if you would.

Thanks,
bmw

 

Repost it as a 1m bar interval with prices and I'll do what I can. And you needn't go beyond noon if you're interested primarily in your morning setups.

 

I think there is a nice supply trend line since 24 June on the hourly chart with about 6 tags that was broken on the volatile hourly bar from 1 to 2 pm.
Last 2 days look as chop. I would draw horz. levels at 20 and 40 based on the hourly chart.
I would draw 35,30 and 25 levels from a five minute chart from yesterday.
My present ideal would, and of course this is a hindsight hypothetical exercise , be to to sell the clean breaks, single print for hours prior, from about 25 to 20 and again from 17 to 13.

As you say DB, I have nothing to lose here.
Sorry, that I cannot post a chart of NQ at this time.

 

I didn't see your post. Apparently you're being moderated.

I'm not sure what I'm looking at. What are you trying to do?

As for posting a chart, just bookend your url with without any spaces between your link and the codes. I'd do it but I don't have moderating privileges here.