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Catching Big Waves - a trader's journal of surfing the the markets
Updated May 23, 2014
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Catching Big Waves - a trader's journal of surfing the the markets
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#81 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
That was a good call to step out early. I wish I could tell you how I knew, but some things are just from experience. The 618, to me, is a strong area if you know when to expect it to be effective.
Can you help answer these questions
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#82 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
This post may be controversial, but just for fun watch this zone for a reversal. This is a 30 minute chart. We just took out the stops of the long day traders from earlier this morning, which suggests the short traders are celebrating a big victory. They may not want to let go of their profits...
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#83 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
It's hard to know where the market will go initially. It is much easier to tell how it may react after it has already made a move.
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#84 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Regarding the "zone" earlier (I know, it is a wide area), we are at a "maybe" regarding volume. Wait for confirmation of a reversal. Do not even think about freight-training this market.
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#85 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
I am now stepping my take up a notch from a "maybe" to a reversal watch.
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#86 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
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#87 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
not yet
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#88 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
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#89 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Long READY
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#90 (permalink
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Last Updated on May 23, 2014
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