Son of If You Can Draw a Straight Line . . .

I know, and it's getting warm enough for me to work, and I have only three more days.

I'm done. You guys know what to do.

 

Dang, this looks like fun, but I need to go feed the livestock, ck the bee's, etc... only takes 20- 30 min....

Back ASAP

 

Thanks, as always.

 

11:07 Long still open, DL just fanned, but looks like buyers giving up.
11:08 falied to notice we are at the top of the TR. Perhaps is better just to close and go someplace else.
11:09 New DL just poked again, not good.
10:10 Out.

See you all tomorrow.

 

Today's 0930 to 10:00 down move from open looks so simple after the fact. Even though in real time it was quite a roller coaster experience.

Especially noticeable is the shrinkage of the scale over time which makes those large moves look innocuous in hindsight.

Gringo

 

This are today´s entries. As advised, I am now looking for reasons to stay in, therefore paying more attention to the 50% levels that to the line breaks. The only exception is when I get an entry in the opposite direction as what occurred at 10:14 and 10:29.

In retrospect I guess both were valid, the first (10:14) was at S at 05 and the second (10:29) was at the 50% level of the downswing from 9:41. Perhaps the fact that sellers were not able to co below the 50% level of the upswing from 10:07 could have been a reason to stay in the long, that could have been exited after 11 around R at 21. But at the moment the fact that there was such a strong downmove tilted my bias to the short side.

Maybe the fact that we were still on the TR 05-21 should have prompt me to act in a different way, but that will need more screen time.

 

20 points still decent money where I come from. I guess 40 draws got in at 23 after buyers failed to break above R. It was a top to bottom TR move. Just short at the top and cover at the bottom, easy as pie (hehehehe). Not for me in RT though .

 

Db has low tolerance for mediocrity. If you stay with only 20 point gains for too long, you might be demoted.

 

Hehehehe, I did not even get the 20 points , but you are right.

 

When are you gonna start daytrading, you will be working far less and making much more. Besides It is always great to have you in RT.