Bride of If You Can Draw A Straight Line

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Quote from dbphoenix:

Not necessarily. The ES is acting as a drag, but you can't rely on the correlation. You have to decide if you're going to use the last swing low as your line in the sand or a break of the demand line.

Thanks, still deciding on that.

Quote from dbphoenix:

There is of course nothing to prevent you from exiting and re-entering on renewed strength, if any. [/B]

Yes, not sure if one could define 10:23 as renewed strength, did not reenter, still not sure about how to do it properly so just making notes at this time.
 
Not everything can be decided ahead of time, but don't allow your mood to make the decision for you, particularly if you've had a loss or two. And avoid the temptation to cut profits short just to come out even on the day.
 
Quote from dbphoenix:

Not everything can be decided ahead of time, but don't allow your mood to make the decision for you, particularly if you've had a loss or two. And avoid the temptation to cut profits short just to come out even on the day.

That has been a problem in the past, I allow my feelings of frustration to take over and ruin what otherwise could be a good trade to put me back in the green. But, that why I am learning this, lets see if I can master this re-entry thing, it was the way to go here. At least so far..
 
Quote from Gringo:

As Db had noted somewhere: Find reasons to stay in.

Yep, I guess the break of the LSL was the appropriate line in th sand. Will look into that.
 
Quote from dbphoenix:

By now the demand line is clearly more important than the last swing point.

10:31 Yep, still holding and providing RETs for the pyramid guys?
 
Reading these periods of sputters and hesitations and feints is difficult. Eventually you'll be able to read them without thinking so much about yourself.
 
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