Iterative Refinement

[Pr0crast]

Quote from guavaman:

too choppy for me today. Guava is going to limp away humbled and dismayed , but not broken.

Yeah. Note to self: don't bother on day before FOMC.

 

[Haroki]

Sold GLNG. EOD volume was big and red.

+7.5%

 

[cnms2]

When you have only half an hour, if you're careful you still can pick a few bucks, even from a slowly sloped retrace ...

Quote from Pr0crast:

Yeah. Note to self: don't bother on day before FOMC.

 

[cnms2]

entry: short

 

[cnms2]

reversal: long, +.75

 

[cnms2]

reversal: short, =

 

[cnms2]

eod: flat, +1

 

[Spydertrader]

In case anyone has an interest, you can locate Today's Chatroom Log by clicking here.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

If anyone has questions, I'll be happy to answer them in the ET Chatroom today.

- Spydertrader

Darnit! I missed the party I sure hope to catch you next time...

 

[LittleMac]

Haroki also got out of GLNG. My question is...on the daily we saw increased black today meaning a continuation of the RTL traverse of the new up channel..after the BO. On the 30 min I see a clear FTT with a r2r break from the same traverse. So, is this a pt 2 bringing us to a possible point 3 of the new up channel(on the daily chart). Is it a BO of the current traverse(according to 30 min chart)? or is it both? Ive heard to hold through this and have heard to get out and either go short(at point 2) or wait for a point 3 to develop and get long again.

I don't mean to be confusing.. im trying to be as descriptive as possible. Comments appreciated.