Question for Grob/Hershey...

getting pt 2 for the PM short - note the poor volume

 

Decending triangle (if) break 1188, target 6.75pt

 

OK, so here's where some of my confusion (and frustration) lies.

Looking at your chart, I have the first red bar in the long leg as a pt 3.

My understanding is that a point 3 is "the end of the second price move (a retrace) in a trend that is now defined."

 

I have never wanted to cuss so much in my life as when I started trading.

grrrr.

 

yay! a beginner rocket today! +1.25pts for me!

Bar 43 through 47. Could have grabbed another +1.0, but I exited on the left ST line. Oh well, safe play for me, for now...

 

6.75 is text book i would be happy with less, if it takes to long to get there

 

nice triangle dell-boy, bugs me that I didn´t see that YM:s got support around 10315 and 10295, something you might wanna keep a look at if you´re in with money

 

Nice job people!

 

Well done sulli, I missed that one and haven't traded yet.

 

Naptime for stalker, good look to all of you!