Sorry Slugar - kinda taking advantage of your hospitality (again) But Ya know - gets really old reading how hard this shit is (or rather how hard some are choosing to make it) Seriously - if a dumbass redneck can..., so should any one else RN
A little tradin music ====================== Time for the weekend & build a fire (it is cold) Happy Weekend All RN
I'm trying hard to understand the genius here... At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy? After the rejection, traders found value at that low price. The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach. When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT? Then price went a little lower, but did not yet take out the 1150 pivot low. I followed your charts. I'm just trying to understand what you're saying! And why were you just watching? Is it because you already met your daily goal? And great trading music. LOL Thanks RN, JS
I'm trying hard to understand the genius here... You’d do well knowing…, I am a dumbass redneck – first…, foremost…, always – to my core I’m told to jump – I do so – then ask how high I hold great value on this No genius here At 11:30 price made a lower low, and it was immediately rejected. Is that the eye candy? The term eye candy was meant for Slugar – it something we’re working on / through But to answer your question – yes After the rejection, traders found value at that low price. This is one thing that gets me about aspiring traders – always looking for the why / who By the time you find this – it’s way too late… For that matter usually – by the time you think it (which distracts one's focus / attention) then revert back to thinking about the actual PA.., the potential trade at hand It is too late Keep your ass focused on the what…,when.., how much The where…, better damn well be real-time…., on the chart in front of yer nose Else day trading is not for you (you in general JS…, not necessarily you specifically – though it could be) I had..., nor have - no clue who found what - nor did..., or do - I ever concern myself with that uselessness I stick my head up price's ass and follow it - like a beagle tracking a rabbit The two "potential" signals that I see at about 1150 are a PB to a TL SHORT, or, TL breach B/O long. Am I right or wrong? I would also say since price was immediately rejected at 1130, and moderate volume indicates demand, that the signal to take would be long on the TL breach. Actually there are several signals in this area – for both long…, and short And we could spend days..., what..., and if-ing..., this area to death And yeah…, I know I’m not answering your question directly – but it is true there are several signals both ways Again – Slugar and I are working on/ through something In the meantime – and for you Pick 1 setup – master it – own it – trade it Only way you can create your approach / methodology Only way you can then move on and begin forging yourself into a trader When you say low risk to find out, do you mean you are looking for a short now that there is a DT on the 1 m? Or, are you still looking long, because of the higher lows beneath the DT? DT short Place the stop just (and I mean just – as this trade will either work or fail) the other side of the horizontal line Hence the; "back from where it came chart” Then price went a little lower, but did not yet take out the 1150 pivot low. Risked .02 cents to make .10 cents (least I think it was .10 cents) I’ll take that R2R every day – and make a living with it I don’t concern my self with pivot anything – price can do what it wants anytime is wants – I am a reader…, and trader of - PA Aside; There is a lot (many layers) to reading PA which most are ignorant of And yes – this is part of what Slugar and I are working on I followed your charts. I'm just trying to understand what you're saying! Specifically for you Pick 1 setup – master it – own it – trade it Only way you can create your approach / methodology Only way you can then move on and begin to forging yourself into a trader The crap Slugar and I are working on/ through will still be there when you’re ready To appreciate how I trade - one must understand how I think - the same is dead nuts true for every trader - which is why trading is such a personal..., and intimate - endeavor (actually the most imo) And why were you just watching? Is it because you already met your daily goal? Why was I just watching…. To demonstrate patience So I remained in sync with price and ready for Thursday Because I was curious how the rest of the day was going to transpire Because it relaxed me Because I no longer wanted to put my capital at risk Because I wanted to take home what I had made that day And yeah – because I had made enough Like I told Slugar that day…, sure I missed lot…, but I didn’t risk what I had made.., and kept every penny (fees and comish not withstanding – nor the flippin taxes soon upon us) This career is all about consistency – and only through consistent action – are consistent results – born / achieved Same with patience – to be patience – one must do that which requires patience And great trading music. LOL Yes..., but do you get why There we stand – sometimes price allows us on board…, other times it passes us up / we miss the ride Either way – we must be okay with it And when we are aboard – we’re simply hitchin a ride to where ever it decides Thanks RN, Likely as not..., you probably don’t think I've answered your questions But from a trader’s POV – truly I have You are Welcome Sir ======================= Slugar Add/ modify - call me an idiot - as you see fit Sir – please RN