next 2 trades short around a resistance area.
Too early on the first but then re -entered. 2nd trade had MFE of 5 then had a quick retrace. exit for -.25
Failed to exit at a logical target but i was trying to give the trade more time as trend was still down. I had an Elliot Wave count...
Been awhile since i've posted some charts/trades so i'll throw a couple up here.
I'm finding the January action slow and a little difficult to trade. VIX has been trending down.
My first short was not an ideal entry and then i exited about when it turned lower. I had taken as much HEAT...
Last post.
It did turn down as expected but didn't make it to target.
Still a chance it could make it to 2410 next week, imo, but not as confident now.
Thanks snowrider for letting me hijack your thread. I'll go back to lurking here. :)
update . needs to turn down soon.
Hope you don't mind me posting here. If you prefer i'll post these in my journal. I'm not planning on doing this often :)
OMG this is slow action today.
Been researching new guitar amps to keep me from making stupid trades. Mostly worked. 2 trades that didn't work this time (small losses) but ones i would take again.
This year i will be choosing an area of study each month to focus on. This month i've chosen...
when i see price little changed from prior day i try to sit on my hands more. Not enough sitting for me either though.
5 trades -6.25
January is off to a slow start as far as providing good opportunities, IMO. Only a few goods ones each day and i'm missing 'em.
Expecting good action...
Long term EW count question.
Could 1987 be a end of wave 1, (approx) 2000 end of wave 3,
2008 end of wave 5 ?
If so, then could 2009 bottom be wave A , 2011 top end of a 'B' ?
and where would a projected wave C end ?
Thanks !
Took some time off during the holidays. A much needed rest. Feel more focused now.
Traded 2 days this week. Still getting my traders mind back on and it's a little fuzzy.
My big problem which i'm working on is that set ups aren't always clear to me. Goes with the job description of a...
man is it me or does this feel choppy and slow.
waiting to see if this HOD B/O holds. possible long entry around 2329/30 but not sure as it feels weak.
I've always had a swing for the fences mentality w/ stocks. worked sometimes but not enough for me to hold on to that view anymore. No doubt it still effects me to a some degree.
I do agree w/ you and BMW that shooting for a consistent target is a good idea.