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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #1241 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

[img]https://nexusfi.com/v/pv4wy7.jpg[/img]

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  #1242 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

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.

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  #1243 (permalink)
 
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 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.

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  #1244 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

[img]https://nexusfi.com/v/x57xbq.jpg[/img]

On the daily there is head room up to the 102.50 area

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  #1245 (permalink)
 
GaryD's Avatar
 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.

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  #1246 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

long 100.92

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  #1247 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

closed -18

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  #1248 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

[img]https://nexusfi.com/v/a4fhre.jpg[/img]

Started this thread
  #1249 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

closed -17

Started this thread
  #1250 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


[img]https://nexusfi.com/v/fv3wy6.jpg[/img]

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Last Updated on May 23, 2014


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