Bride of If You Can Draw A Straight Line

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Quote from niko:

Today I feel very calm, and able to see what is going on. Hope is not an issue today, I guess it was on wed, and it made a hell of a difference y my ability to spot PA.

Regarding my chart here it is:

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You're going to have to define "higher high" for yourself, if you haven't already. Note that the bar you've circled is only marginally higher and fails immediately. If you don't count that as a higher high, then there's no fanning and you have a short at a higher level than the one you took.

However, if being squishy about definitions is a problem in real time, then leave it alone and consider even a tiny thrust as a higher high.
 
Quote from niko:

10:38 DL in trouble
10:41 Either a break or a RET, lets see.
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You can go on like this until price breaks out of this, which it eventually will. Or stop. If you can use the practice, I'd stick with it for a while.
 
Quote from dbphoenix:

You're going to have to define "higher high" for yourself, if you haven't already. Note that the bar you've circled is only marginally higher and fails immediately. If you don't count that as a higher high, then there's no fanning and you have a short at a higher level than the one you took.

However, if being squishy about definitions is a problem in real time, then leave it alone and consider even a tiny thrust as a higher high.
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I am still working on it, at the time I "knew in my heart :)" it was not a HH but I am on drill following mode, so I decided to call it one and see what happened.
10:43 Short at 60,50
 
Quote from dbphoenix:

You can go on like this until price breaks out of this, which it eventually will. Or stop. If you can use the practice, I'd stick with it for a while.
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I can use the practice, so I will stay all the way to 11:00
 
Quote from dbphoenix:

And that's a scratch.
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Still not sure HOW you manage to do it. But I felt the need to exit that trade as it failed to get below 59. I held it open and still in. But I know I cant achieve that in the real world. The thing here I guess is the ability to reenter as buyers show they were not able to take prices above 62.
 
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