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Possible top for today?

Then I am only safe if I am never in a hurry. :)

I see it now. Always late...

Also, though I did not notice it at the time. Channel points 1,4 and 5 set up the rise to 6, just as points 1,2 and 4 set the fall to 3. And also set up the fall back to the lower channel. Hmmmm.

I agree with DB on this. (fwiw) Here is the reason why. It is also why I like volume charts. I can better see significant things and then go to the 1 min for fine tuning.

DB, Where do you generally place you initial stop? Just past the 50% pullback area?

DB, would you have trailed that lower low at 11:02 for a long entry?

Anyone know if Metal is still around and trading? He had a pretty good thread a couple of years ago and then disappeared. Looks like that was all he posted.

db, Your comments are dead on so far. This is a woulda, coulda, shoulda chart for today trying to express some aspects of channel trading that I believe are consistent with some of your method. Any of it look absolutely wrong to you? I'll not post charts on your thread if you had rather...

"Now as to the reversal off the higher high at 1150. Any thoughts on how that should have been played?" Well, in retrospect, trying to see it as I think you are, I see that price pierced the 2940 level, then broke through a minor trend line (demand). I am thinking that you would have sold...

db, The first trade was not a set up on the 1 min, however the other 3 morning losers look pretty much the same. Appreciate your input. bmw

db, I was at my "real" job today and tried to sim trade. Attached is what I believe were my trades on another computer. I got the downtrend, but probably would have only been up a couple of points on the day. The morning was a mess with 4 losers in a row. I would appreciate comments on my...

You left a bit too early db. Thanks for this thread. One of the few I am following. bmw

Net 3 pts. for day

NoDoji, I would like to look at the charts you mentioned that you have posted, but where to start looking in over 8000 posts! Are they in a particular thread?

Done for day. 3 trades +9pts.

op, if you post some charts of your trades you may get some helpful comments. just lamenting your bad trading without facts is useless.

Seeing Cornix's journal is motivating. To be a fellow comrade I will try to keep interest in posting my "non-indicator" based trades, at lest till I get bored again. One trade today. Will not trade next 2 days.

I believe he became associated with TETRAD Asset Management FWIW.