/tf stable at 820
bonds up slightly, euro down slightly AAPL down 4 more to 533.
WLT up 7.5% premarket -- this got over the 10 day daily a few days ago - -the typical setup
stay with 99 MA ribbon until major support or clear 3 bump/double bottom pattern emerges.
- Trend changes occur only at
/cl -- 3 touch on 5 min chart - perfect symmetry then 140 TICK drop -- following the 99 ma.
/cl near possible support but no db or tb pattern to work with. and.... new lows 86.38...
/tf sloppy near 819 -- underperforming /es
AAPL -- huge 20 pt. swing to green.
/cl slight bounce to 99 ma -- but folds from there -- short under 99 ma ribbon.... no major support pattern in place.
/cl new low, euro new low but /tf remains green with aapl now +30 off lows... /tf pushing higher to resistance.
/tf -- bottoms near 816 -- rips all the way back to 822.50 despite /6e weak, zb strong -- basically breaking all the rules... even /cl down 2% but /tf is a strong buy
The whole game is waiting for the right setup. I'm guessing most failed traders are those that have a system that requires too much patience for them pychologically - so they take bad trades. They hit their winners, but the impatient losers wipe it all away. Trading is much slower than it appears. Most people need more interaction.