Got bushwacked.. Evil is a kind description.. rebought 1778
Stopped out.. Looks like I missed a report.. So fast.. would have been short and doing fine..
L 1778 Morning Range break..
Time based Hourly quite a different picture. rising Trendline "VERY" ominous if broken..
Morning Prep... TL broken. May be back to 1790 if 1782 prints.. Going short in that event. Stop to 1784 on existing.
Have been using TOS from TD for a couple of weeks.. Swell! Almost too much info.. I continue to trade futures somewhere else that has really bad...
The 76.5 to 78.5 ugliness stopped last long.. Re-shorted 79.5 as take home. As always, tracing a TL down.. 60 to 63 area probable next bounce.....
Trendline to watch..
Covered 1778 L 1777.5 done for day.
Levels galore in futures.. Question is when a level becomes useful to the markets.. 1776.5.. how can I forget the rude stop-out. Does it hold now??
S 1783.5 target 1775 area
If this TL break should see low 70's again which will confirm 70 to 90 range.. L 1785.5
The answer is it depends on the time-frame your are trading.. You do know the time-frame you are trading right?? Trading Guru (aka "retire45...
Stopped for scratch.. Why didn't I sell yesterday's high?? If I did we'd be at 1799 by now that's why.. 10am turn was the play today..
BIGGEST question in trading.. is this a rest or a correction??? Please Gurus I want to know.. Guess I will know shortly
Stop to B/E
LOL!... S 1781 stopped.. garbage so far.. 80 to 84. L 1684
Morning Prep.. If we don't take out yesterday's high chances of a range developing growing. Declining TL on hourly "usually" resolves upward....
Myshkin, That swing unit was killed at scratch.. I mean to swing BUT a near 20pt plus profit NEVER becomes a loss on my watch, even considering...
That was a .5 stop... have to rethink stops AND entries..
Separate names with a comma.