/tf 910 -
short /ym - break of o/n lows -- this is taking a breakout -- because
1) long base -- so a break brings out a lot of sellers on the wrong side.
2) catalyst - data
3) context - we're extended from yesterday. Room to retrace down.
/ym - hammer candle... almost stopped. It was a good trade.
Should have waited for the retrace back into the descending TL - and responsively entered.
/ym - staying below o/n lows...
ERJ - up 3% on contract win from army. - possible daytrade name.
DECK firm - ER today. ah.
really want to see $VIX move for a drop.
/ym -- pattern is clear at 1 hour candles.
There is ALWAYS A PATTERN FORMING -- YOU OFTEN CAN'T SEE IT IN SMALLER TIMEFRAMES. So ALWAYS LOOK FROM FURTHER OUT - ESPECIALLY WHEN TRADING INTRADAY.
Like yesterday - LO tanked. Could you have known where it would bottom? Um, YES. It dipped .10 below the long tailed low from 10 days ago on the daily chart and you'd have gotten a nice .60 move with no heat entering responsively at that area -- a .20 stop would have been fine.
Yes. /ym -- dropping.
9:05: /ES breaks o/n lows -- long flat base -- major entry short here. 1514
choppy -- /ym - top of O/N -- and drop -- easy entry short there. same with /es
UD - flat
/zb up small
VIX up small
last day of month - may push.
/tf 912.4 - push to ystdy highs...
/tf - trying to short a small pattern -- instant reversal... I'm trading noise.
short /tf again -- 5 min TL break
UD negative -- may test lows?
/ym - decision wedge intraday and b/o to downside -- big move?
chop day - have to be patient and not take NOISE.
MOVING AVGS. DO NOT PROVIDE SUPPORT - THEY INDICATE DIRECTION ONLY.
two big volatile days -- small today? or wave down again?
bears gaining contrl
11:03 - /ym breaks above WEDGE -- bulls back for bounce
UD blast to positive
internals AD 450...
chop again -- recognize -- save you from making bad trades at bad locations
/tf 913 - push.
AD 500 does not warrant heavy short.
xlf, transports green.
not for me.
DECK weak into ER -- someone know something? I say yes. (And it isn't good.)
still like that short?
tf 913.7 -- DING.
/ym new highs.
short 914.40 -- red candle after extension 915 resist.
last day of month can be runaway.
short 2 /ym -- 14 tick stop.
On 5 min reversal candle -- CLEAR RESISTANCE BLOWOFF ON HOURLY CANDLES. MAJOR AREA OF RESISTANCE.
cover /ym - loss
5 min candles are noise -- needs MORE CONFIRMATION to go against trend. Even at resistance.
/ym -- shooting past what used to be a clear resistance on 1 hour. So is this blowoff or new paradigm? More strength than expected.
Double top 915 -- was responsive entry short.
$TICK - nlod. 3:12
AD 450 ---
Market failed at 2:30 -- indices broke TL all together. Clean. 2:30.
tick - hits 1000 -- but this is often a bottom sign.... pukeage. Now bouncing indices. strong TICK followup.
DECK surging a bit -- maybe it's a 15% mover ah? on huge beat now?
and bounce into close...
Frustrating - did not have the confidence to follow the breakouts or enter the double bottoms.
I should be batting 50% but the winners will be at least 3x bigger if traded correctly.