Bride of If You Can Draw A Straight Line

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Quote from niko:

Did anyone find an entry opp before 9:40?. I was thinking 72.75 at 9:39 but was not sure so I did not take it.
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Why not? Price rejected 68 just like you anticipated, after breaking above the supply line. So the rejection can be counted as a retracement.
 
Quote from dbphoenix:

So the rejection can be counted as a retracement.
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:mad: At the moment the SL was fuzzy for me, but will not happen again :D

Thanks :)
 
Quote from niko:

:mad: At the moment the SL was fuzzy for me, but will not happen again :D

Thanks :)
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Yes, it was, which is why it is more appropriately used as a guide rather than a line in the sand. What was more important was the violent rejection of 68.

80, of course, is the midpoint of all this, so exiting at 79 or 78 would be appropriate, then shorting the retracement at 0948. All of which is hindsight by now, but I'm posting it anyway in case somebody wants to review later. I don't know how much good it does to provide a play by play like I did two weeks ago.
 
Done for day.$$$

I took my brain out this morning and hid it behind the printer. Then I stuck a flash drive in my neck that said only "line break and ret". Great day. Now to find my brain to do some other things I need to do.
 
Quote from dbphoenix:

Yes, it was, which is why it is more appropriately used as a guide rather than a line in the sand. What was more important was the violent rejection of 68.

80, of course, is the midpoint of all this, so exiting at 79 or 78 would be appropriate, then shorting the retracement at 0948. All of which is hindsight by now, but I'm posting it anyway in case somebody wants to review later. I don't know how much good it does to provide a play by play like I did two weeks ago.
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My exit would have been at 77.5. I am still having "bar" issues, so 9:48 did not count as a RET for me as it made a LL :( , so I really took the short at 9:52 at 73.75. I am also working on spotting this RETs that I usually miss.
 
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