Bride of If You Can Draw A Straight Line

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Quote from slugar:

are you still short niko
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I did not short, My reading was that I was in the Chop so I avoided any entries.


10:10 Buyers at 90 just like at 9:47, I am having difficulties setting boundaries for the chop, but from recent conversations I assume that the BO movement will clear my mind ragarding that.

For example, the fact that 90 held again, clears the lower boundary, I was thinking that 86 could also be the place to focus my attention, but buyers proved me wrong.

10:14 SL broken, prices heading for the top of the current TR.
 
Quote from niko:

Is this a tradable TR? The only entry I can come up with (out of my hat really) is a short at 96 at 10:01.
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Depends on what you demand of your trading ranges: how definite are the upper and lower limits, how wide is it, etc. Keep in mind, though, that the more definite the upper and lower limits, the more likely it's almost over. Why not just take a break and watch?
 
Quote from dbphoenix:

Depends on what you demand of your trading ranges: how definite are the upper and lower limits, how wide is it, etc. Keep in mind, though, that the more definite the upper and lower limits, the more likely it's almost over. Why not just take a break and watch?
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Did just that and saved me a good deal of ticks and stress :).

10:33 BO, lets see if we can get a RET
 
10:37 RET in the making. Or not....
10:39 Long at 4.00
10:40 I guess the fact that Buyers were not able to make a HH and price just made what looks like a RET to the downside after the break of the DL from 10:30 could be evaluated as a possible reason to bail out of this trade. No shorts, as a short would push me back inside the TR.
 
Quote from niko:

10:37 RET in the making. Or not....
10:39 Long at 4.00
10:40 I guess the fact that Buyers were not able to make a HH and price just made what looks like a RET to the downside after the break of the DL from 10:30 could be evaluated as a possible reason to bail out of this trade. No shorts, as a short would push me back inside the TR.
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Unfortunately you have a couple of hurdles before you're in the clear. There are two swing highs above this point.
 
Quote from dbphoenix:

Unfortunately you have a couple of hurdles before you're in the clear. There are two swing highs above this point.
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I was not really that aware of 06 as a hurdle, given the fact that it was just a swing high (not many trades), but I guess the fact that is SUCH an important swing high has to be taken into account.
 
Quote from niko:

I was not really that aware of 06 as a hurdle, given the fact that it was just a swing high (not many trades), but I guess the fact that is SUCH an important swing high has to be taken into account.
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10:51 This was just a expansion of the chop, I am out for the day, good luck for those on the afternoon shift, yesterday they had it easy :p .
 
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