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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

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

Today I am running on a laptop and 2nd monitor. I have my other machine off as I will not be watching anything but crude today.

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

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

There went the report

[img]https://nexusfi.com/v/h86wnk.jpg[/img]

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


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

Watching for support around the major trendline (green)

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

[img]https://nexusfi.com/v/kt8jbs.jpg[/img]


Approaching an area of interest

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

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



There went the possible reversal, showing support that the trendline may hold

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

[img]https://nexusfi.com/v/f7g97e.jpg[/img]


Significant divergence on the 9 range

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  #777 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Posts: 6,462 since May 2011

Now the hard part, choosing an entry... lol

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  #778 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
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Posts: 6,462 since May 2011

Long is NOT a countertrend move. Don't be fooled. Look at the higher timeframes.

[img]https://nexusfi.com/v/8pmmt9.jpg[/img]

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

I may have hesitated past where I might have previously entered. I am a few weeks out of practice and would rather miss a winner then force a loser. The significant divergence on the 9 range was a great signal, the 93 RSI was OS, the major trendline was offering a backstop...

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


[img]https://nexusfi.com/v/gganc4.jpg[/img]


On the 6 range, after the reversal occured we still have not even had a test of the weak donchian.

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Last Updated on May 23, 2014


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