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Like a turtle to his balcony...


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Like a turtle to his balcony...

  #1651 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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  #1652 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Flat

EDIT: Once that shape started to form (yellow markers), and price kept getting rejected higher, the trade was no longer valid.

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  #1653 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Posts: 6,462 since May 2011





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  #1654 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011








The ABC held to the tick (I was not precise with the placement, close enough). I have bought into the low side of RTH value, edge of ETH, seeing if this flag/pennant will see continuation.

On the other side, the high of the monthly bracket was tested and could be a major top, so ready to bail at any moment.



Post Close EDIT: That trade should have been good. When it wasn't, that said something significant. The day went very tight rotational to finish NonTrend.

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  #1655 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





Rotation wiith potential OTF down... Open was way out of range, can mean anything...

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  #1656 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Posts: 6,462 since May 2011

Fighting around breakeven on the day. I keep going with the long side, but have been wrong as much as right so far.


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  #1657 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
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Posts: 6,462 since May 2011




I closed at the edge of this minor channel, maybe flag boundary. I need to take a break. Down net -7 from being a buyer all day so far.

Max drawdown was -65, so I am good for right now.

Expecting a double distribution, but not sure which way.

guess it could be Normal or Neutral.. But so far out of range?


Post Close EDIT: The day was NonTrend. Not what I would have expected with such a huge gap open.

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  #1658 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
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On a weekly profile, today's high was prior excess... It was not well received this morning...

But on Friday, with Iranian elections...






That may be enough to bring NonTrend.

ES is falling, but still above the 386. Far from being a bearish position.

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  #1659 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
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Posts: 6,462 since May 2011

Scalped myself back up to +39. Not a bad turnaround. Now I have a little padding. Still going to watch this close.


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  #1660 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011


30 seconds to K. Price is dead flat in RTH value. Experience says go long, gut says go short.




EDIT: I chose short. experience said to buy the ABC, buy the edge of value, and none of that was working for me. Range was getting tighter and tighter. I had come back from a negative day, and decided not to let that scare me out of another trade.


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