Nice to see someone using Gartley. Funnily enough I entered there too. Gap fill, pivot at 715, dumping volume climax, 3 pushes down, successful retest, TICK divergence...
Cheers MACD. Geometry is something conspiciously missing from my armoury, except for obvious Fibs and measured moves. You've inspired me to have another look at Gartley bats and butterflies etc. so thanks also. The world's luckiest final partial exit too. Gonna stop trading now before Lady Luck beats me round the head in revenge. PS Yeah the morning scale in was a tad early/risky and I am unhappy with it, even though I was pretty confident of a gap fill ... eventually. :eek: Saved by a 20 point stop. A lesson learned anyway.
Look, there's another one. A low risk entry in the 716-719 area. Wish I'd taken it for a quick 20 points.
Winding up for a big move I'd say. But which way? 60 says up, 40 down. Anyone else got a view? A fake move down to 690 could make a double bottom and suck in some triangle B/O shorts before a big move up. Or just continue on down. Hmm, so many possibilities. Apologies for my post whoring.
So far the chatroom has been a success. about 10-12 people in the room, mostly pro talk. I predicted a 60+ day for today, we reached 60 a few minutes ago, right now at 55. Since this was mostly a sideways day, Bollinger bands worked perfectly. Here is today's chart with 4 valid entry, I didn't enter all of them because of discipline issues and I was away for an hour...
trading takes discipline and skills...........not there it goes let me jump on..........if you can't get it apex to apex why get in the way.........
How do you get into the ymtraders chatroom? I dont get a list of chatrooms when i click on 'chat' on the elitetrader home page....???.......