Bride of If You Can Draw A Straight Line

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Quote from dbphoenix:

And if you didn't scratch, you now have a more downwardly-sloping SL
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Yep I can see the line, I also "see" a TC and we seem to be at the bottom of it.
 
Quote from niko:

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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If you're able to distinguish between realistic analysis and rationalization, fine. If not, slam the door on hope and go ahead and scratch.
 
Quote from niko:

But i guess I have to forget about it :)
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Aside from all the lines and scratches, don't lose sight of the fact that price has gone nowhere for an hour. It's perfectly okay to say "enough" and come back some other time.
 
Quote from dbphoenix:

Aside from all the lines and scratches, don't lose sight of the fact that price has gone nowhere for an hour. It's perfectly okay to say "enough" and come back some other time.
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I know, I just dont wanna miss the opportunity of discussing this kind of stuff with you.
 
This is not easy for most. Their egos won't allow them to scratch. But it's absolutely essential if one is going to be successful long-term.
 
Quote from niko:

I know, I just dont wanna miss the opportunity of discussing this kind of stuff with you.
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The listening-in ones are glad also,
but I have hungry mouths to feed...
see you later.
 
Quote from dbphoenix:

If you're able to distinguish between realistic analysis and rationalization, fine. If not, slam the door on hope and go ahead and scratch.
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The thing in RT is fear and hope, and freezing because of it. Since we started this last batch of exercises I feel fear has been reduced substantially. But still an issue (can only know for sure with money on the line), that is why I decided to come back to the bride´s thread and polish some things before moving forward.
 
Quote from dbphoenix:

This is not easy for most. Their egos won't allow them to scratch. But it's absolutely essential if one is going to be successful long-term.
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Yep, but I guess there are times when you need to scratch and other time when you need to give prices a breathe. Still not able to tell the difference yet, but I know that if I hold on I will get there. As G said, just keep swimming.
 
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