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

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

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  1. dbphoenix

    dbphoenix

    Then yes.

    But what about this one?

    [​IMG]
     
    #701     Oct 17, 2013
  2. niko

    niko

    Ok, buyers failed to take prices higher, price is making LLs, SL still holding, so short on this RET.
     
    #702     Oct 17, 2013
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  3. niko

    niko

    The short did not trigger, SL is gone. Buy the RET.
     
    #703     Oct 17, 2013
  4. dbphoenix

    dbphoenix

    Actually the short did trigger, at 11. But it was then stopped out. So what retracement would you buy?
     
    #704     Oct 17, 2013
  5. niko

    niko

    Once again, need to move from my current location. Will be back online in an hour. I always have to leave when thigs get extrainteresting.

    For those who are shy of participating, please do, this opportunity is pure gold for anyone thinking of becoming a PA trader.
     
    #705     Oct 17, 2013
  6. slugar

    slugar

    . If price makes a higher high or higher low buy the 1st retracement
     
    #706     Oct 17, 2013
  7. niko

    niko

    One last post!

    Sorry, I did not mean the short I posted on my chart. But the one that corresponded to the next RET (the last price information available on your last chart) it would have been around 8,25 (cant see the precise point here).

    Now the Long, would be around 11 on the first RET after the break of SL.
     
    #707     Oct 17, 2013
  8. dbphoenix

    dbphoenix

    As I said Friday, those who can't answer the questions don't have a thoroughly-tested trading plan, or at least one that focuses on price action. That this is a general state of affairs should now be clear.

    This same process applied to Monday and Tuesday and Wednesday and today. It'll apply to tomorrow and to every day thereafter. Those who want to practice can continue with these charts to the end of the day for last Friday. It did reach 30, after all.
     
    #708     Oct 17, 2013
  9. dbphoenix

    dbphoenix

    And then . . . ?
     
    #709     Oct 17, 2013
  10. [​IMG]
     
    #710     Oct 17, 2013
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