Son of If You Can Draw a Straight Line . . .

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Quote from dbphoenix:

If you've tagged 3200 as support, then the short is taken at the first retracement after the break below support, i.e., here, now. Whether or not you want to take it at this time of night is entirely up to you.

0656: Supply line broken so trade is scratched. Watch for test from below. Incidentally, you may have noticed that 3200 is also a swing point and the halfway level of this downdraft.
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Yes, it's indeed right around 50% of the move now.

It would be a different story if the Support line was at 3196-3195 area. 3200 made up a confusing situation for me.

It's kind of like a double layer support for me, 3200 + (3196/3195).
 
Quote from desperados:

Thanks for your advice..I don't trade anymore with real money..just paper trading .When i will see some good result maybe i will do with real money..
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Whether you trade with real money or not is beside the point. You're trying to learn how to daytrade under conditions that make it impossible for you to do so.

Everybody gets what they want out of the market. If they want to lose, then they will lose. If you don't want to lose, then stop. It's that simple. Just stop.
 
Quote from dbphoenix:

Whether you trade with real money or not is beside the point. You're trying to learn how to daytrade under conditions that make it impossible for you to do so.

Everybody gets what they want out of the market. If they want to lose, then they will lose. If you don't want to lose, then stop. It's that simple. Just stop.
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I see.. but all the work i put on this, all the energy, all the time that i couldn't spend with my family because i was staring at the monitors.. all for nothing..Sure, maybe if i stop now i can save me another six yers of hell, but I know that i can do it, all the things are discussed in this thread are not new to me..my knowledge is not the problem..I have to put all the piece of puzzle together...

but thank you for taking the time to answer...appreciate
 
Quote from desperados:

I see.. but all the work i put on this, all the energy, all the time that i couldn't spend with my family because i was staring at the monitors.. all for nothing..Sure, maybe if i stop now i can save me another six yers of hell, but I know that i can do it, all the things are discussed in this thread are not new to me..my knowledge is not the problem..I have to put all the piece of puzzle together...

but thank you for taking the time to answer...appreciate
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No, you can't do it, not unless and until you start looking at longer bar intervals. Try a 60m. If that doesn't work, try a 2hr, or a 3, or a 5, or 8. If you've learned anything useful, it can be applied to any bar interval over any timeframe. But you can't daytrade with a fulltime job.

And if you're staring at monitors instead of spending time with your family, then you very definitely need to plot a new course.
 
Quote from dbphoenix:

But you can't daytrade with a fulltime job.

And if you're staring at monitors instead of spending time with your family, then you very definitely need to plot a new course.
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:D maybe i'm addicted to.. but i don't understand when you say you i can't daytrade with a fulltime job". When i'm in the trade I'm sit right in front of the monitors..i'm not at my work anymore..maybe I was not clear..I stop with my daily job at 9:30 EST (16:30 here) so i have all the time to watch the market.Or you are saying just because a fulltime job and daytrade is to much...it is not clear to me.. sorry
 
Quote from desperados:

:D maybe i'm addicted to.. but i don't understand when you say you i can't daytrade with a fulltime job". When i'm in the trade I'm sit right in front of the monitors..i'm not at my work anymore..maybe I was not clear..I stop with my daily job at 9:30 EST (16:30 here) so i have all the time to watch the market.Or you are saying just because a fulltime job and daytrade is to much...it is not clear to me.. sorry
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If your wife and kids are on board with this, then it really isn't any of my business. If they aren't, then you need to stop and think again and further about what you're doing.

But the singular and unavoidable fact remains that you've been failing for six years. Six years. I am if anything a facilitator, not an enabler. If you won't plot a new course, I have no further advice to offer.
 
Quote from wegotnthtodo:

Yes, it's indeed right around 50% of the move now.

It would be a different story if the Support line was at 3196-3195 area. 3200 made up a confusing situation for me.

It's kind of like a double layer support for me, 3200 + (3196/3195).
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I missed your post. But since you're looking at this now and it's still fresh, I suggest you go back to the short and scratch I suggested and see where the subsequent shorts and longs would have been taken. This will help clarify the situation for the next time. And there will be a next time. This happens over and over and over and over again. Which is why the PA edge is what Game calls "evergreen".
 
Quote from desperados:

...my knowledge is not the problem..I have to put all the piece of puzzle together...
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I've only been involved in these internet message boards for a little over a year, but this is not the first time I've read this, not by a long shot. And it will not be the last I would assume.
 
Quote from fortydraws:

I've only been involved in these internet message boards for a little over a year, but this is not the first time I've read this, not by a long shot. And it will not be the last I would assume.
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No, I've seen this movie hundreds of times, and it always has the same ending, which is one reason I'm a bit more harsh these days.

Six months, maybe. Six years, or nine, or fifteen, no.
 
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