Johnny Rock's comeback

Warning:

Cannabis consumption may lead to creative outbursts and an overall sense of well being.

In honor of National Lazy Day spend a little time in the garden. Happy trading!

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Nothing beats the salient indigo glow of black-lights on ganja plants. J-rock may just be one of the Fabulous Furry Freak Brothers.
 
Clean air ahead.

Until we enter back into the previous congestion range, or print another one, I will be stalking trend trades, for trend days. This is not a change in styles, but a recognition of what just happened. You can see it on the chart! What you cannot see is any support for a month.

PLAN: attempt to identify of the day has the potential to be a trend day or not. If it does I will place my trade with a 3:45 est exit to cover. Why cover? I do not plan on trading any short covering rallies or profit taking exercises.

My current balance on this paper trade account is $4,225. Will update when I make a trade. Waiting, stalking, like a big game hunter. I smell bull blood on the Nasdaq!
 
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Well alrighty then, based on what?

Looking at the 30' chart, the range was very narrow for the last several bars - volatility contracting - and when prices started to expand the direction "seemed, to me," to be headed down.
 
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