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

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Quote from Gringo:


Q1: There is a possibility of another entry prior to the one shown in this chart. Can anyone see which one it could be? State the approximate price and time for clarity. You just need to look at this chart to figure this out, no external devices needed.
Q2:Why is that entry missed on this chart? What's needed to squeeze that extra juice out of the market?
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A1: shown in green arrow.
A2: a wider stop, otherwise, stopped out.
 

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Quote from dbphoenix:

There is a continuing misunderstanding regarding the similarities and differences between a demand/supply line and a trendline. D/S lines and trendlines can sometimes coincide, but they are not the same thing. They have different functions. A trendline shows trend. D/S lines track demand and supply. The latter therefore have to be tight or else they serve no purpose, at least none beyond what a trendline can do, and if one relies on trendlines to make trading decisions, he's going to be way out in the weeds long after price has turned.

Heroic has the right idea, though even his purple line is too far from price. These lines have to hug price or else they are of little value. There should be another line beginning at 0600 (0800) on 10/10 and tracking price up to the high at 1300 (1500). Plot that and you're closer to being ready to go.

Nearly all the difficulties you guys are having with this stem from looking at these charts in hindsight rather than in replay. Most of you are drawing lines that can't exist in real time, so exercises like this are a waste of your time.
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If I am reading this right, does this mean the dotted lines are S/D and the solid lines are trend on this chart ?

http://www.elitetrader.com/vb/attachment.php?s=&postid=3844514
 
Quote from Huyang:

A1: shown in green arrow.
A2: a wider stop, otherwise, stopped out.
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Hugs!

From now onwards please focus on what Db's saying and trying to convey. We'll all get through this together. It's now or never.

Gringo
 
Quote from Gringo:

Hugs!

From now onwards please focus on what Db's saying and trying to convey. We'll all get through this together. It's now or never.

Gringo
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Agree.

Please just say what you would do at the right edge of the 60 min NQ chart that db posted. Just S/D lines and RETs that are visible on that chart, no zoom ins no zoom outs, no support and resistance, no indicators. The faster you post the faster this will move.

Thank you all.
 
Quote from Gringo:

Hugs!

From now onwards please focus on what Db's saying and trying to convey. We'll all get through this together. It's now or never.

Gringo
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Gringo:
I answered DB's question first and then just tried to answer yours since your this question is out anyway. Anyway, thanks for reminding, and i am focusing on DB's question.
 
Quote from dbphoenix:

Thank you for the chart, but I'd rather you suspend this until we get the premkt chart (the one I posted) out of the way. I'm in no hurry. I did this over and over again at TL to no effect. Maybe the ET traders aren't quite so . . . umm . . . well . . .

To reiterate:

37206d1381778034-re-trading-off-daily-charts-10111.png


One can't just charge forward until he understands where he's been.

Where would you plot your first line here, and what signs of change would you look for?
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I come in peace, no phony baloney. :)


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Quote from Huyang:

Gringo:
I answered DB's question first and then just tried to answer yours since your this question is out anyway. Anyway, thanks for reminding, and i am focusing on DB's question.
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My bad. The comment was not directed at you actually, but I posted it there as I was in a hurry.
 
Quote from dbphoenix:

And as to 3400, we're running out of time. But if we get there, what a short that will make.
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The clock is ticking ... ticking ... ticking ...

Buyers have been nothing if not determined, eventually the field will fall to determined sellers.
 
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