Please comment on this chart if you have time.

Thanks Fred.

I'm probably just apprehensive about my first trade back.

Its not like I have to trade at market or anything.

I'll follow your best advice and 'trade what i see' as things unveil themselves.

Cheers,

 

For anyone interested,this is the daily for same period:

 

And 60 minute for last couple of days below.

I'll be trying to trade it tomorrow,1 hour after the open.

Will be good for my pysch going forward if I can nail a part of the move.

 

Ok. I don't have it in TradeStation so the best I can come up with is TradingView daily index chart short term (covering this year) current support and resistance with lines up fairly well with Fibo Ret:-

No opinion which way it eventually breaks. I let market tell me once it does.

 

Aweome.Thanks UST.

Im sort of looking at long above 7322 and prepared to be stopped and reset trade a couple of times at that level.

Would that make sense?

I really want to have tighter stop than I have in the past and just retrade the level if it still makes sense.

 

Compare vs this strong non choppy chart

https://stockcharts.com/h-sc/ui?s=Tio

 

Ok I see what you mean.

So buying above $1.30 and trailing stop?

 

Well obviously you ultimately decide where to enter and exit but if it were me I would look at entering, as yourself, on a break above 7322 but stop a tick below last Thursday's low.
If that were to occur on Monday and end day closing above the open then I would consider moving stop to a tick below Friday's low. And go from there each day stop trailing previous day's low.

 

awesome! thanks mate.

 

Sorry to be a pest.

What do you think of the horizontal I've drawn at 7289?

I don't want to trade at open but it looks like a decent pivot to me?