Bride of If You Can Draw A Straight Line

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Quote from Gringo:

Db, would you consider 61 to 70 to be a possible chop range?
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Well, I don't see what Niko sees. What I saw first was the range between 65 and 69. Given the drop below it at 0850 and the failure to rise above it at 0940, I'd look for the first short and hang on if at all possible, given the daily context.
 
Quote from niko:

9:53 SL broken short closed.
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9:58 Well, LL, SL fanned, no reentry here, so I am still out.
10:01 RET against SL, entry at 60.25
10:04 SL broken, short closed.
 
Quote from dbphoenix:

Well, I don't see what Niko sees. What I saw first was the range between 65 and 69. Given the drop below it at 0850 and the failure to rise above it at 0940, I'd look for the first short and hang on if at all possible, given the daily context.
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Thank you, missed that
 
Quote from niko:

9:58 Well, LL, SL fanned, no reentry here, so I am still out.
10:01 RET against SL, entry at 60.25
10:04 SL broken, short closed.
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10:09 Long at the RET (entry at 65)
10:13 DL broken, long closed.
10:19 Short at 61.75
10:23 SL broken. This is a mess! :mad:

I am not really that fond of being chopped around, so I will call this a day. Take care everyone.
 
Today´s action.

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Had a meeting, but was moved so came back to the screen. I guess I called it a day just at the wrong time :mad: .

I am not sure about a long at 10:30 as I would have assumed I was still in the congestion.

The one at 10:39 makes more sense to me.

10:51 could have also be a new point of entry if one exited at the DL poke (Don´t have a rule for that just yet)

10:55 was a clear RET.

Guess if I had stayed, I would make up my losses from the early congestion trading. Well, tomorrow will be another day!

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Quote from dbphoenix:

I'm surprised that no one on any of the other threads has pointed out the ES' rejection of 64 this morning.
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Even if I have enough to do with the NQ context and trading it would be interesting if you could elaborate a bit more on the correlation stuff.

Is it like "ES is not making a lower low"...Buyers come back...so NQ might not go far if it breaks down...just as an example...?
 
Quote from niko:

9:58 Well, LL, SL fanned, no reentry here, so I am still out.
10:01 RET against SL, entry at 60.25
10:04 SL broken, short closed.
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This is very interesting what you said here in terms of a reentry after the SL was fanned. I mean it sounds obvious, fanned lines represent fading strength of the trend or move, but I never thought about it in terms of a "rule". Even as a heads up, this is a very good reminder.

Thanks...
 
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