Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Catching Big Waves - a trader's journal of surfing the the markets
I slept in this morning and just finished marking up a new chart. I have reversed to colors for the symmetrical triangle anticipating a breakout soon, but until thte overhead break it is just as valid as resistance.
After the local double bottom, crude returned to the area of a LSP, distant LSP, and 786 of the minor wave, but volume this morning still looks undecided as of the Case-Shiller report.
GaryD
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
scalped a quick 5 ticks on that push. Still not ready to really trade though.
That was a large bar pushing right to but not through the downward trendline. This area should set the tone.
On the daily there is head room up to the 102.50 area
GaryD
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
I completely missed that trade, not having had time to adjust, not having had my first cup of coffee. Now the issue us, where to get in. The break of the triangle was probably where I should have, but I am exhausted and have lost money several trades in a row in the past trying to rush myself. And that leads to frustration.
Even though my bullish bias ramped up last night from the DB, I may have missed this one.