Change is the sign of progress. Progress leads to increase in failures. You making any money there frenchfry?
Day looks like a write off as hunger sets in !! Though the transition for yesterdays close to today's open was on target. I did not feel to comfortable with it. Looking at night time data clears the picture so much.
We have not taken a trade since we regrouped . This is our chart. You can see that as we touch the upper line of the triangle we have some good volume, but it is decreasing. The lower line not so much. I do not know why we have not yet fallen. So it is a bit tricky.
We can easily stay in the triangle for the rest of day. But I am waiting to see a break to the bottom or top with volume. If it does not come right now to the bottom im going to eat and my buy and sell will be a candle stick legnth away from the triangles with volume a higher then the past 20mins
All my drawings got deleted, im starving I leave you with my triangle. Stop loss will be 1 $ away from entry The stop loss will trail price by 2 $ Im going for lunch, It would not suprise me if we end up in this triangle. till the close. Even my long term channels have price sticking to the top, it is annoying as we are over extended so it is hard to long and price can drop any day. Waiting for a long term short would of costed a nice penny