ZN Journal

Quote from Surdo:

Not much you can do @ the moment!
It looks like the pits are trading, ecbot is frozen.

el surdo
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I believe that my entry may have been a bit poor on the daily chart, but since I trade longer term than most, I can get away with some of that. Or, a better more benign way to put it, would be that I have a larger range to enter in.
 
Quote from Surdo:

Not much you can do @ the moment!
It looks like the pits are trading, ecbot is frozen.

el surdo
More...

eCBOT resumed on my TT after a few seconds when I saw all my orders cancelled.
 
Quote from Surdo:

We have not taken out yesterday's lows, 107 18.5'.

:)
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Yes. I agree. I would like that to happen very much. As it is, we have a nice basing pattern here on the 60 minute chart without a violation of yesterday's low. I would much rather have that low taken out. I would mention here though that you can see from the chart, that yesterday's low took out the previous low, so it's not all bad news here for the longs. :)

(Also, today's low took out the previous low that occured just before yesterday's low)
 

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All of this will work nicely if the daily RSI pattern turns out to be a bull flag. ----but right now, I am counting on the weekly and monthly.
 
Quote from BondTrader50:

One more test of the lows and we'll bounce like a basketball (hopefully there is air in it.)
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A catalyst might help or weak equities!
Helicopter boy speaks in a few.

good trading,

el surdo
 
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