Ok, so I was more patient. It was a good feeling to wait a 'little bit' longer and wait.
I scaled too soon, but only because it had a significant run down very quickly and I didn't watching that chart. I was happy to be positive and profitable, so I went ahead and called it.
It was very nice movement today and I feel a bit better.
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The play of the day was premarket in my opinion at the 76% which is marked on my chart. I saw it, but my wife was pointing up and since the market has been so bullish I decided to stay out.
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Ok, another good day. Well, it ranged for the good part of my trading session, but honestly I didn't see the short anyways as it is dropping like a rock at the moment. I think Momentum is to the downside.
Trade of the day was my trade, had I held it. Still a bit gunshy due to bull bull bull.
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The following 6 users say Thank You to bluemele for this post:
No, sorry, too busy and I usually download the vid if I have time to watch it. I think most people feel that the market is ready for some air to be let out, but as some have mentioned, who knows when and best to stay long for the long term traders...
Wow, what a move today! I don't recall ever seeing such a strong move up in one day in a long long time.
It seems like the market is liking the 89% retracements as this is the 3rd I have seen on my 1597 chart that it loves.
Markets like today is a counter-trend traders nightmare. Of course unless you hit the pivot on the 89 heading north.
Ultimate trade today would have been to stay in my trade a bit longer and exit at the 89 for the last contract. I didn't see that long really strong and figured it could head down some more but I was obviously not seeing it.
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Excited to see how Horst handled today. What a trendy period we are in.
The following 6 users say Thank You to bluemele for this post:
Is there any reason to use a 933 tick chart? I saw every other charts in your video are Fibonacci numbers (144, 233, 377, 610, etc), the closest fib number to 933 is 987 (=377+610).
