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

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Quote from dbphoenix:

Ret after BO, but consider the risks in entering here. Price has already moved 13pts. Entry was at the btm

Edit: apparently they're ready.
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I took this long :( . Hard for me to take the bottom long just yet. But thanks for pointing it out.

9:58 DL at risk
10:00 DL fanned
10:02 DL at risk, buyers are losing momentum. But trend still good.
:03 DL fanned again
 
Quote from Gringo:

I am not so sure where the chop is coming from. Chop is when an up move and a down move both with Ret fail. Did we have that today? Yes, I had to exit short but I was still awake as it was quite visible price didn't have the strength to go up and then another Ret or a drop after a longer Ret came.

90 is also an S/R so being vigilant here is more important than declaring chop right away. This is not the Bride thread. Here you stay alert at S/R. Chop is not just an up and down move (mostly), it's two valid entries forced to exit. These valid entries have Ret before we enter.

9:53: Price is not back and going into new high but that's not the point. The point is to be awake.

Gringo

Edit: Maybe I sound a bit too harsh here. No disrespect is intended.
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After the 9:34-35 "negation" of the up wave right after the open that was most likely chop to me. And so I wanted to see a break above 90 and a RET.

Maybe this is not following the general definition of chop, but that was just my perspective...

I can write this because I missed my predefined entry after the rebreak...
 
Quote from Gringo:

I am not so sure where the chop is coming from. Chop is when an up move and a down move both with Ret fail. Did we have that today? Yes, I had to exit short but I was still awake as it was quite visible price didn't have the strength to go up and then another Ret or a drop after a longer Ret came.

90 is also an S/R so being vigilant here is more important than declaring chop right away. This is not the Bride thread. Here you stay alert at S/R. Chop is not just an up and down move (mostly), it's two valid entries forced to exit. These valid entries have Ret before we enter.

9:53: Price is not back and going into new high but that's not the point. The point is to be awake.

Gringo

Edit: Maybe I sound a bit too harsh here. No disrespect is intended.
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Great input, I was not sure about the chop, but I preferred at the time to stay away and watch, the lesson cost was 5 points.
 
Quote from dbphoenix:

Hang on if at all possible. Top of pkt is 10
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pkt=pocket. Almost coudn't get it. Hehehe. couldn't see 10 anywhere. Slugar translation helped.

10:10 DL holding.
 
Quote from dbphoenix:

Exit if you have to, hold if possible.
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10:13 Had that in mind. A question though. Regarding rotation of the DL, should it be rotated from the original DL that started at 9:48 or given the change in speed one should trace a new DL starting from 10:00?
 
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