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

Personally I don't. As someone who has a bit of an aversion against math in general this seems to be logic. Maybe this - besides the overall simplicity and consistency - is it why I find the approach here so attractive...

But a fact is that one has to keep to its trades to make the whole thing work - and does not close his short without any real reason...

Exits are really the hardest part for me. Therefore it was also interesting what you mentioned about the long entry at the bottom. I saw it, but I did not act in time, which costed a few ticks of the 9:46 short...

 

10:31 89 is 50% of the move from 9:48

 

Coming up on 50%

 

10:35 SL Broken, looks like a RET in the making here. We are above 50%
10:36 long at 94

 

It's about time for short-covering

 

That is a new input for me. Because sellers were not able to take prices lower at the 50% level?

 

Yes. But the NQ and Apple are tightly linked today. That adds another element. A PITA element.

 

If there is no HH I am calling this a day.

 

Thanks

 

If one wants to be long, he's long.

Edit: HH