01:23 âGood things come to those who wait.â Thatâs what my Mom always said, (along with something about going blind) and my Mom wouldnât lie. So I am still waiting.
Since I have nothing better to do, I ran a search on ET for âsnake oilâ. Got 2,659,887 âhitsâ. Reading through them all will certainly give me something to do now.
01:47 About a third of the way through the search results, I realize that virtually every thread ever started on the board contains a snake oil warning.
I could use some of that oil to rub on my ass, as sores are starting to develop as I sit here still waiting for the elusive âimpulseâ move.
02:01 Sld @892 ¼ Reading through the search results is interrupted with the long awaited impulse move. After giving 6 ticks of profit, a retracement back to the entry stops me out at BE.
02:34 Sld @889 1/4 So much for the âimpulseâ. Near despondency, I enter a new ET search for ânewbie needs helpâ, only to be interrupted yet again. Itâs another head-fake, but this time I manage to grab a 1/2 point profit. Meanwhile, my CPU is starting to belch smoke as the new search continues.
My hatred of losses has cost me dearly â both trades would have met my three-point objective, with minimal heat. But how was I to know that? Iâve been such a good boy in waiting for the right situation to set up, donât I deserve some credit?
The Keltner Channels have been a remarkably good aid in helping me to understand when to look for short skirt setups. But my reward for being only kind of good is puny by any standards.
Sensing that the pulse is weakening on this impulse move, and wanting to preserve my unprecedented third consecutive winning session, I am just about to pack it in when...
03:04 Sld @883 ¼ So near, yet so far away, I settle for a gain of +1 ¾ points.
While there could still be one more push to the downside, I decide to pack it in for real this time.
3 RT / +2 ¼ Points
2 Winners / 1 BE