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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #1441 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

OK, now that the bloodshed has taken a breather, the risk now is roughly 96.00 on the low side. If price crosses that my long bias is off. How much I want to risk I don;t know yet. Or f I will even get in again. No need, but from now until 2:30pm should give some good opportunity.



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  #1442 (permalink)
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The reason for not having an interest in shorting, even as price was below VWAP, is that turn near 95.75 signified a potential W4 bottom. Once it took, shorting was not an option. W2 bottom is around 93.25, highlighted in green.


That puts the preferred W5 target in that yellow chop zone.

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  #1443 (permalink)
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I scaled in a little early, but took 2/3 off already and now fine.

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  #1444 (permalink)
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Took my stop. Net 147

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  #1445 (permalink)
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GaryD View Post
Took my stop. Net 147



safe to say ur liking Sierra

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  #1446 (permalink)
Orlando, Florida
 
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safe to say ur liking Sierra


Yes, I really enjoy it. I could use a new computer, I found out there is no way I can record a video while trading live without something stronger. But Sierra by itself is great.

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  #1447 (permalink)
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Back to seeing this as struggle., and no well defined wave structure at this elevation.

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  #1448 (permalink)
Orlando, Florida
 
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May have found my new trading mentor. I never thought of it, but I'll be damned if it doesn't go up, and then down, at different times.







Maybe I will get named. My 10 minutes of fame...






I tried to leave a comment, but they are being filtered. Maybe it will make it.




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  #1449 (permalink)
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I am not sure if I am going with support or resistance in this case. That overhaed area was very congested, but price did stop right at the downward trendline, but the current intermediate trend remains up. Crude pushed right through the preferred W4 turning point, but that does not make it "over".

On a slightly closer view, 120m, I am still interested at several points, but tomorrow may show a different story.

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  #1450 (permalink)
Orlando, Florida
 
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Going to bed. With Melissa.

Here is what I see;


Crude got a TINY reaction at the prior major pivot (magenta with arrow)






VWAP has found balance in the early ON session, and at 3am anything could change





DX is not as correlated as the media suggests. Trade crude, not DX





And now I will study the market of my wife

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August 5, 2013


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