Johnny Rock's comeback

Discussion in 'Journals' started by johnnyrock, Jul 20, 2017.

  1. Overnight

    Overnight

    Nothing beats the salient indigo glow of black-lights on ganja plants. J-rock may just be one of the Fabulous Furry Freak Brothers.
     
    #191     Aug 10, 2017
  2. speedo

    speedo

    Ahhh Zap Comics...a tear of nostalgia.
     
    #192     Aug 10, 2017
    johnnyrock likes this.
  3. johnnyrock

    johnnyrock

    Clean air ahead.

    Until we enter back into the previous congestion range, or print another one, I will be stalking trend trades, for trend days. This is not a change in styles, but a recognition of what just happened. You can see it on the chart! What you cannot see is any support for a month.

    PLAN: attempt to identify of the day has the potential to be a trend day or not. If it does I will place my trade with a 3:45 est exit to cover. Why cover? I do not plan on trading any short covering rallies or profit taking exercises.

    My current balance on this paper trade account is $4,225. Will update when I make a trade. Waiting, stalking, like a big game hunter. I smell bull blood on the Nasdaq!
     
    #193     Aug 10, 2017
  4. johnnyrock

    johnnyrock

    2017-08-10-21-45-00-764758405.png
     
    #194     Aug 10, 2017
  5. johnnyrock

    johnnyrock

    Short NQ. Stop at HOD. Cover at 3:45 est. Screenshot_20170811-125434.png
     
    #195     Aug 11, 2017
  6. speedo

    speedo

    Johnny, you're risking 20 points for a move unlikely to go 20 if favorable.
     
    #196     Aug 11, 2017
  7. johnnyrock

    johnnyrock

    I am looking for a huge selloff into the close.
     
    #197     Aug 11, 2017
  8. speedo

    speedo

    Well alrighty then, based on what?
     
    #198     Aug 11, 2017
  9. Bulls lightening up on risk going into this weekend maybe?
     
    #199     Aug 11, 2017
    johnnyrock likes this.
  10. johnnyrock

    johnnyrock

    Looking at the 30' chart, the range was very narrow for the last several bars - volatility contracting - and when prices started to expand the direction "seemed, to me," to be headed down.
     
    #200     Aug 11, 2017