Perhaps, you follow STR / SQU too closely. I recommended monitoring STR / SQU only when YM reaches extremes. Note how the word 'glance' seems to have significant emphasis in my linked post. - Spydertrader
spent most of the day on family obligations... but managed to jump right back in upon return. Being able to draw channels the JH way has its advantages -- you get to know exactly where the market has been, and thus can anticipate where it is going.
For sure that was the case and I was on the wrong track for a while. You cannot keep on reversing on str/sq signals. Learned my lesson. Also a matter of moving to coarse again. Also I did notice in the last 45 minutes or so that YM and ES were more or less going their own way. regards, Ivo
It's nice to get that warm and fuzzy feeling when nailing the swing highs and lows (make that a tick below/above so as to ensure a sim fill - heheh) but as we seldom reside in the perfect world, what's wrong with taking a nice chunk out of the middle. I can relate something similar today, bundlemaker. My trading session was chopped up by cleaning out a refrigerator and waiting for the repairman, but in between the two I was able to make it back to the screen to see where they were after lunch. A quick look showed the operative dominant down channel, and price was making its second bar correction on decreasing black volume. The steepest RTL was close by, and I saw no reason not to take a short trade. It was only a matter of a couple minutes and the next push down began. Shortly after my 3 pt target was hit (didn't know how long I could watch, so just opted for a target preset w/ entry). The timing was a bit lucky perhaps, but the read was as it has been taught to us for months. Pretty cool!