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

    Same over here, just when it was turning interesting.
     
    #881     Oct 22, 2013
  2. niko

    niko

    The entries spotted today, but I guess the short at 10:26 was not valid as we would be trading into the chop again. Am I wrong?

    [​IMG]
     
    #882     Oct 22, 2013
  3. niko

    niko

    The chart.
     
    #883     Oct 22, 2013
  4. deaddog

    deaddog

    #884     Oct 22, 2013
    jsmacksem likes this.
  5. niko

    niko

    It got disconnected.
     
    #885     Oct 22, 2013
  6. niko

    niko

    This is a keeper, thanks G.
     
    #886     Oct 22, 2013
  7. niko

    niko

    Taking this into account of course.
     
    #887     Oct 22, 2013
  8. dbphoenix

    dbphoenix

    You want this to be a right/wrong, yes/no, 1/0 thing and it's not. You have to think about what you're looking at. At what level does price hesitate after the high?
     
    #888     Oct 22, 2013
  9. niko

    niko

    Well, currently I am just trying to disect the process in order to understand where is it that I am not really getting this. I understand that it is not binary, but perhaps that is how I am wired so I try to understand it that way.

    Now, regarding what I am looking at price hesitates at 75, but I can´t find anything special about that price, besides the fact that it was the LSL before the High. That is where I though RET and that is where the entry was defined. Later price again hesitates at 71, the top of the TR, before the high.
     
    #889     Oct 22, 2013
  10. llIHeroic

    llIHeroic

    niko,

    I don't know how you are always finding entries where I see none, or at least finding them way earlier than I am comfortable with. If that works for you, then it shouldn't be a problem that other people aren't getting the same answers. If it isn't working for you, you can always wait for more information and just stay out of the ranges.

    This morning struck me as fairly simple. Here is my first chart with annotations. Perhaps there are complexities that I've missed, but my primary goal is just to create a basic, functional, and coherent model of the current price action. Always looking to improve, comments are more than welcome.
     
    #890     Oct 22, 2013
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