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

What a stress-free open. It's nice that I was able to be around this morning. Quite a treat when the NQ is just trending straight up a demand line with no turbulence.

Update: Did my signature move and got pulled into a short by one tick. Exited while I was making this post.

Might try one more before I'm off.

 

10:15 SAR at 65

 

Well look at you. Hope your exit criteria are clearly in mind.

 

I see a Ret to the new Large DL. Of course if price BO above it invalidates the future pot. short.

1018: In the bigger scheme of things price is just resting in TR. It has held its gains from the morning rise.

 

This is turning bad here. Perhaps another SAR given the context (50% of the initial upswing is 60) , if that fails then is chop. So stay out until things clear out.

 

1022: Too much silence.
1023: Ret and down now.
1025: Taking too long. I don't like this short.
1026: Time to sit back and just observe, until resolution.
1027: Stuck in 2 point range. Up attempt failed again.

 

10:24 TR between 63 and 67

 

Right now it's a game of chicken. Naturally being in will make one more nervous than being out.

 

Hehe, and being in at 66.25 will make one even more nervous than being in at 54,50.

 

Which is how cascades are born.