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TST Trade Journal


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TST Trade Journal

  #61 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Good morning! Interesting to see a double bottom at the orange level.

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  #62 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Just showing the difference in Trade Trend Lines off the 5m and 55t chart. No level to lean on for potential Trend Line Short.

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  #63 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Interesting to see how the Financials are reacting to the Trend Line's I've drawn today, even without scaling down to 15m or 5m charts.

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  #64 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Even though lower time frame charts do not need to follow the Trend Line rules, as Best Fit rules may be applied, its still interesting to see how the Trend Line evolves if also using the Rules of when to redraw or leave alone.

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  #65 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Close below for 5m, though no Level to lean on. See how this plays out.

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  #66 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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55t trend line redrawn, showing a different picture compared to the 5m.

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  #67 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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5m redrawn, rules meet.

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  #68 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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A trade to the short side may be lining up, if market cannot make it to the orange level and a reversal pattern develops on the 55t chart. Got some valid Trade Trend Lines to support the entry and there are End of Space (EoS) targets, both simple and advanced on the 15m.

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  #69 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Wait for the 15m to close and assess Market State as a reversal may be developing.

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  #70 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
Posts: 290 since Mar 2013
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Quick break, being cute with the Enter on Close of Trend Line.

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Last Updated on August 12, 2013


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