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Well, pretty standard day. In hindsight, I probably didn't need to eat the retracement from 64 to 74, but I didn't think it would be that deep. By the time I realized it already seemed to be slowing down though.

Wanted to get an even closer look at the price action after this one, but I ran out of time.

Anyway, we all know where we are in the current macro-trend, but here is a look at the daily context.

Would be an interesting discussion for the psychology sub-forum, but I've seen people who just seem to have an ingrained core value of being uncomfortable above a certain threshold of money. These core values and beliefs supersede reason, and although you clearly know how to trade profitably...

I'm calling it for today. For some reason heavy volatility just seems to scramble my brain. Hard to think about what to do next and analyze things clearly when we get to the other side of such a monster movement. Exit way too early. Gringo had it, but I was way too quick to become...

Golden, you're always one step ahead!

Haha, thanks again for taking the time to drive your point home. Closed both positions early this open, and it hasn't been looking good since. Spot on analysis. It's clear that I am getting a sloppy and off-track. I'm going to cool it with the stocks, and take a while to re-group...

Watching the NQ for a few months new makes me feel deja vu every once in a while. I was just looking at the context image I created yesterday along side the current hourly and it's like a re-occuring pattern. I'm actually pretty surprised that we're heading down on such a gradual angle on...

Gringo, thank you for taking the time to draw up this chart and discuss the trade with me. I will attempt to answer your questions as best I can. In regards to holding while mini-support fails instead of exiting, I suppose in part that it is a time-frame consideration. I intend on waiting for...

Quick EOD update. Picked up TASR after a quick scan this morning but things aren't looking as optimistic as before. Whether tomorrow will bring a continuation of the longer-term down-move, or price will continue to climb the green channel remains to be seen. When I take a step back it's...

Price / Volume cues and the context of the channel I posted earlier were sufficient for me to take the long. I probably would've still done so even without a reference to the context. You've pretty much hit the nail on the head, it was a high information risk trade. I've slid pretty far down...

That's actually what happened yesterday right at the open, twice in fact, for a 3 point total loss. Easily a price I'm willing to pay in order get in earlier. I probably captured more on that trade even with the tap-dancing than if I had just sat around and waited to get long somewhere around...

To elaborate, I've had this blue channel drawn in for several days now, and have posted it once or twice this past week. If you keep that in mind when price hits the RTL around ~3510 at 10:00 this morning, you can clearly see the support come into play. LOLR clearly becomes up even before...

Yes, I suppose you're right and a downside BO could have happened, although it didn't seem like the most probable occurrence. Expected some push back from the support at the time since it hadn't even been tested in a few days' time. I'd like to think if a BO did occur, the fall-out would...

Thanks for the feedback guys. I really appreciate it. Allow me to respond so that we can continue to learn together. @Gringo Perhaps I have been getting confused with my terminology. I have been attempting to enter when price fails to continue in one direction. My intent is to hold the...

I haven't tried this before, but I thought to myself, why not reverse and try to squeeze a little more juice out of this thing for the probable retracement after such a sharp multi-day drop. I'm sure the market will let me know if I'm being too over-zealous here. If it holds above...

Didn't draw any lines today. Happy about the long at the open, but was a little too apathetic about the first reverse. Could have gotten it at a much better price instead of sitting around and watching price drop through the LSL. The long at 9:50 was a mistake, too premature. At the time...

Yes, you are correct. I expand my channels as price pushes against the LTL if they are not long term channels. The RTL is initially formed from connecting a low and a higher low for bull channel, or a high and a lower high for a bear channel. For smaller time-frames, the support of the...

Forgot to save my png before I attached it to the post. Fixed below.

Okay, so we're looking at a pretty decent example of some climactic selling action. You currently have an unsustainable rate of decline spurred on by the breakout of the last few day's up channel. I'm looking to exit any minute now, no point holding while price makes a more serious...