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

Discussion in 'Journals' started by dbphoenix, Sep 19, 2013.

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  1. niko

    niko

    9:23 Buyers started pushing outside of the micro TR 93-95, towards the top of the hourly TR at 97.
    9:28 at the top of the TR DL broken
     
    #1521     Dec 2, 2013
  2. dbphoenix

    dbphoenix

    +/-
     
    #1522     Dec 2, 2013
  3. dbphoenix

    dbphoenix

    So price breaks out.

    And here's your RET
     
    #1523     Dec 2, 2013
  4. niko

    niko

    9:36 Is this the same drill of the last few days? Sellers test Premarket S before giving up and buyers take control of the market. If that is the case, then entry should have been at 96.75.
     
    #1524     Dec 2, 2013
  5. niko

    niko

    9:38 If the entry at 96.75 was not taken then wait for a RET.
    9:40 DL fanned RET just occurred,
    9:41 DL broken, 50% broken.
     
    #1525     Dec 2, 2013
  6. Gringo

    Gringo

    3500 is big round number. Stay alert around here.
     
    #1526     Dec 2, 2013
  7. dbphoenix

    dbphoenix

    If that's what you want. But you never exited the range, so you're not trending, you're ranging. If you want to trade in anticipation of another breakout, that's up to you.
     
    #1527     Dec 2, 2013
  8. dbphoenix

    dbphoenix

    0942 Another RET, this one above the TR

    0943 Back in the range. Long not triggered.

    0945 And back to the middle (hope this is real-time enough for the trolls)
     
    #1528     Dec 2, 2013
  9. niko

    niko

    9:44 Now I see a DL broken and a RET pointing towards a short. (short at 95.5)
     
    #1529     Dec 2, 2013
  10. dbphoenix

    dbphoenix

    If you like. I don't see any shorts until we exit the range.
     
    #1530     Dec 2, 2013
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