Technical Strategy

[Neoxx]

Quote from Spydertrader:

You haven't yet reached Point Two of this down move (Traverse). No need to try and capture every single retrace.

- Spydertrader

Thanks, Spyder.

MADA-wise, I didn't have a genuine SOC... I got a little carried away staring at the tics.

 

[Neoxx]

Bar 51 is P2.

 

[Neoxx]

Reversal short.

825.75 @ 13:55:02

Was anticipating a couple more ND bars but didn't feel comfortable holding long after the almost-IBGS pennant FBO.

 

[Neoxx]

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283245>

 

[Neoxx]

Didn't acknowledge bar 57 as a P3...

 

[Neoxx]

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283361>

 

[Neoxx]

Reversed long.

824.5 @ 15:59:57

 

[Neoxx]

chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2283479>

 

[Neoxx]

Overlooked the signs for change towards the end of the short range expansion.

Result: just 5-ticks for the patient 2-hour hold

 

[Neoxx]

Close.

826 @ 16:14:14