Bride of If You Can Draw A Straight Line
- Thread starter dbphoenix
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FOMC statement release usually makes things go haywire.
I wouldn't call it "haywire". It's been very ordered.
I just looked up haywire: erratic; out of control.
I agree with you; it was an incorrect word choice. I should have said they induce abnormal volatility.
I would like to start posting some charts I think I've learned as much as I can lurking. comments and criticism are welcome.
1. buyers have pushed price up to a SL on the 60 min I entered a short after the DL and LH
2. this is my exit for the short in hindsight should have been a SAR
3.took the RET after the open knowing price was close to R, thought I would see how it acted when it got there. price made a DT with no RET to enter (going to have to pay more attn. to Niko's REV's)
4. buyers stepped in but couldn't even push price up to the 50% level DL break and LH entered short
5. price dropped like a rock then sat still in a tight little range I did exit but again in hindsight there was no reason to price was so weak I should have stayed in
6.finally got a RET and price dropped to 74
7. I took an early exit because of support on the 60 min was around 80 ( I apologize I will start keeping better notes)
8 this is where I dropped the ball, prices had climbed above the midpoint of the last range so I was thinking buy which I did and promptly scratched ,when price then dropped I sold the RET which I scratched and I stopped trading for the day
I should add this is all hindsight trading If this isn't appropriate for this thread I will be happy to move.
1. buyers have pushed price up to a SL on the 60 min I entered a short after the DL and LH
2. this is my exit for the short in hindsight should have been a SAR
3.took the RET after the open knowing price was close to R, thought I would see how it acted when it got there. price made a DT with no RET to enter (going to have to pay more attn. to Niko's REV's)
4. buyers stepped in but couldn't even push price up to the 50% level DL break and LH entered short
5. price dropped like a rock then sat still in a tight little range I did exit but again in hindsight there was no reason to price was so weak I should have stayed in
6.finally got a RET and price dropped to 74
7. I took an early exit because of support on the 60 min was around 80 ( I apologize I will start keeping better notes)
8 this is where I dropped the ball, prices had climbed above the midpoint of the last range so I was thinking buy which I did and promptly scratched ,when price then dropped I sold the RET which I scratched and I stopped trading for the day
I should add this is all hindsight trading If this isn't appropriate for this thread I will be happy to move.
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When you say that this is "hindsight trading", do you mean that you didn't take any of these trades in real time?
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