If You Can Draw A Straight Line . . .

Discussion in 'Journals' started by dbphoenix, Jun 28, 2013.

Thread Status:
Not open for further replies.
  1. dbphoenix

    dbphoenix

    As long as they work for you, there's no reason not to use them until they become burdensome. Just be aware of the danger of focusing on the lines rather than price. It is price after all that makes the lines possible. It is when traders forget that that they find support and resistance in such strange places.
     
    #401     Jul 30, 2013
  2. Redneck

    Redneck


    Just never lose sight of our two most important edicts when trading

    It's all good

    RN
     
    #402     Jul 30, 2013
  3. niko

    niko

    Today´s premarket view:

    [​IMG]


    [​IMG]

    We are at Previous Day High, lets see if buyers can take on sellers and push the trend upwards.
     
    #403     Jul 30, 2013
  4. dbphoenix

    dbphoenix

    I'm surprised no one noticed that all of yesterday was a hinge, with the midpoint ending up at that same premarket midpoint from yesterday: 65 (see yesterday morning's post). Naturally this all carries implications for what was the upcoming trading session.
     
    #404     Jul 30, 2013
  5.  
    #405     Jul 30, 2013
  6. niko

    niko

    Saw the congestion but did not relize it was a hinge.
     
    #406     Jul 30, 2013

  7. I see it now. Always late...
     
    #407     Jul 30, 2013
  8. dbphoenix

    dbphoenix

    One has to be "Never be in a hurry to do something stupid" (Lee Richartz).
     
    #408     Jul 30, 2013
  9. Then I am only safe if I am never in a hurry. :)
     
    #409     Jul 30, 2013
  10. Possible top for today?
     
    #410     Jul 30, 2013
Thread Status:
Not open for further replies.