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

[niko]

Quote from slugar:

The line with the arrow is the demand line which was broken and now we can draw another supply line

Did you find differences tracing the lines in real time?

 

[slugar]

Yes today is the only day of the week I can observe all day!

 

[slugar]

another supply line

 

[slugar]

now we have a demand line

 

[llIHeroic]

Had to re-do my post, trouble with the attachment.

--

Quick look at the morning. Getting fairly comfortable with spotting a clean trade or two with a very obvious LOLR.

I can definitely see potential to expand into consistently capturing a greater percentage of price movement in a given session, but it would probably only become necessary for me to put effort into that if I began to run out of liquidity. Still a millennium or two away from that, haha.

 

[niko]

Quote from llIHeroic:

Had to re-do my post, trouble with the attachment.

--

Quick look at the morning. Getting fairly comfortable with spotting a clean trade or two with a very obvious LOLR.

I can definitely see potential to expand into consistently capturing a greater percentage of price movement in a given session, but it would probably only become necessary for me to put effort into that if I began to run out of liquidity. Still a millennium or two away from that, haha.

Thanks, today was messy. Still analyzing and looking for what to do in days like today.

 

[slugar]

Quote from niko:

Thanks, today was messy. Still analyzing and looking for what to do in days like today.

at 10:19 we had a higher low so I was observing only places to go long, then at 11:04 we had a lower high so I was observing supply line to look for shorts now since 11:30 we had another higher low so I would be only observing the demand lines and a retracement to look for longs

 

[llIHeroic]

Quote from slugar:

at 10:19 we had a higher low so I was observing only places to go long, then at 11:04 we had a lower high so I was observing supply line to look for shorts now since 11:30 we had another higher low so I would be only observing the demand lines and a retracement to look for longs

Food for thought.

 

[slugar]

Quote from llIHeroic:

Food for thought.

agree we have been in a trading range between 3331-3337 since about 11:50 cst but still demand and supply lines to observe

 

[niko]

After reviewing the day I am not so sure about the 3rd and 4th trades as I was in the chop, although they were not losers I think the fact that price made a LH below the bottom of the premarket range and just after making a HL after 10:00 was an indication.

Now if I don't take the third trade I don´t have a way to take the short on the plunge as the RET occurs before the bottom of the range is broken