Db's Daily Dispatch

[dbphoenix]

Nice engulfing bar on the 5m.

 

[dbphoenix]

And there she goes.

S/R, P/V, trend. Simple, simple, simple.

 

[erierambler]

Yes, couldn't be any simpler......

erie

 

[dbphoenix]

I don't see any comments in any of the threads run by the trend channel people. I wonder what they're up to?

 

[dbphoenix]

Potential SC on the NQ. Dojis, dojis everywhere . . .

 

[dbphoenix]

Trying to break that DTL. Grunt, grunt . . .

 

[dbphoenix]

There's that annoying demand/supply principle kicking in again.

I wonder if the trend channel people took that short off the 1m supply line? . . .

 

[hypostomus]

...FWIW, that possible NQ SC you referred to was not accompanied by an extreme in the premium, although the volume was about right for a blowout on shitty day like today.

 

[hypostomus]

...this for the time in question. I'm on PT, WTF are you doing in the middle of the Atlantic?

 

[dbphoenix]

Quote from hypostomus:

...FWIW, that possible NQ SC you referred to was not accompanied by an extreme in the premium, although the volume was about right for a blowout on shitty day like today.

That's why it was "potential". Note the DTL never got broken. In fact, one might make that a criterion for taking the long . . . hmmm . . .

As for time, I set everything to NY time. I don't have the time or the patience for double and triple-thinks on what the hour is (can't believe that some pay rooms operate according to CT or MT, much less PT).