Good grief

mikeriley

mikeriley

I was up $400. Because I made a bonehead
mistake I lost $200 because I forgot to
change over to RTH for the morning session.
Because I was still on the over night ETH,
I misread the price action.

Once I switched over, it was easy to see
price was headed towards yesterday's
RTH High.

Another lesson,:confused:

Screenshot_7.png
 
SunTrader said:
Closed below VWAP @ 10:05am:-

View attachment 328520

And still below currently.
More...
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READABLE chart\ no wonder so many hate movin' averages\ too readable LOL :D:D
I'm in CST, so10;10 +/top area =9:10 CST.
You do know most gaps that hold for 30 minutes [8;30-9 00CST} hold for the day dont you.??
Meaning most of those VWAP trades short on that gap would lose money.
Its like the AZ rancher said God All mighty, that's a jaguar up a tree in AZ\his bear + cat dogs mostly do lions + bears , not a jaguar.
Back to movin' averages........Thanks for the chart.
 
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