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nwbprop - thanks, I will look at this.

It's funny you should mention this as I was just making a similar/related observation. My thoughts were that when a rocket & b.o. coincides, I need to be more careful. I can't give so much breathing room to the rocket because if the b.o. fail there will be trapped b.o. traders wanting out - so...

9:30 Begin 9:45 Short rocket signal but has already moved quite a bit so hold off for now - also, heading into congestion. 10:02 QChart problems - grrr 10:11 Approaching long rocket signal & yesterday's HoD B1 1009.00 1007.75 -1.25 (10:21) (10:31) Entered rocket on signal - also...

10:00 Begin S1 997.50 1002.50 -5.00 (10:06) (10:35) Sell the rocket. Failed utterly to manage this loser. Opportunities to exit include: - mental stop @ 999.50 - stocs signal @ 1000ish Reluctance to apply stops is not one of my usual deamons. No excuses - just shoot me...

momo Thanks for that - there's a lot for me to think about. Most of all, to all who have contributed here, thanks for the encouragement. 1c

LOL

Hi IN2WIN, #1: I think I have overtrading licked, by sticking only to the trades in my plan (pattern b.o. & rocket). Taking no trades today is something of an achievement in that respect - even though the result is a lot of screen watching & no profit. #2: Still working on getting out of...

jj - do i understand from your chart that you have been long all day?

No trades today - but thoughts while watching the mkt. 9:45 Begin Rocket signal on open - but not significant because of gap? Do nothing. 9:56 Lots of strength - with volume. Breaking up throug fib line (98.25) - 1000 Might be real res though (round number). 10:25 Still powering...

My stocs & MACD hist show a rocket from the open this morning - but are these valid at start of day? - especially when there's a gap open. I didn't trade it - but I wish I had :) Any thoughts? I think this question has been asked before here - but I don't recall a clear answer.

The market is my patient. Is this trend healthy? - check the volume - are there any divergences? - is it overbought/sold?

jj - thanks for the charts

9:30 Begin B1 986.00 87.50 +1.50 (9:42) (10:00) Entered rocket as per signal. Ignored exit signal (84.50 @ 9:45)because of favourable TICK & volume (sitting through 1.75 drawdown). Another entry signal, then exit without signal because of fib resistance. [hindsight: although it worked...

No trading yesterday 9:30 Begin 10:01 Stayed out of b.down because of news time :o( Now indicators are saying short rocket, but reluctant to enter so soon after such a fast move - before some kind of retracement. Do nothing. [hindsight: good decision] 11:03 Price stuck in 3pt range...

Tac - thanks, the next time I have the problem, I'll try that.

I have noticed with QCharts that lines on one timeframe do not always show up on other timeframes - e.g. add line/fib on 5min chart - switch to 3min & it's gone - switch to 1 min & there it is again. I don't know if it's a bug or a feature! Nor can I detect any pattern on which timeframes the...

Once again, thanks to everyone for their interest comments. jj - There's a lot on this chart i don't understand. vorzo - In (trying to) trading rockets I don't take signals from the additional indicators. To the extent that the trades are discretionary though, the discretion must be...

oops!

Pre-open: Expecting resistance around 988 - previous swing high + fib from 2 different time frames. 10:35 Begin Missed a short rocket signal around 9:50 - but it would have failed for small gain. Missed a long rocket signal around 10:24 (984-85) - it is still in progress but...