short /tf 903 -- triple top + 5/34 xover + TL ramp break. 7t stop. Have to take this.
/tf - 902 - quick 10t. Nice to see something work instantly -- as it should.
Being smart is a liability. You are not smarter than the market. Thinking you're smarter makes you dumber. You ARE the market. So be the market -- be in sync with the flow -- the jellyfish. The salmon fights the trend all day long and dies in the end. The jellyfish just floats around and stuffs its gob with.... jelly.
/tf - stop lowered to +1t.
still in /tf short... by the rules.
just about stopped out -- strong premarket signals. tech, europe, gold, financials
TSLA, PCLN, GOOG, UNG....
out /tf +11t now -- what I just did was cover early -- THINKING - the stop will hit so I will outsmart the market and win 2 extra ticks. Market now turning back down - it's possible I will give up 10 or 20t to save two because I started 'thinking' instead of 'playing by set rules'.
well -- saved 2 ticks after all. 5/34 xover /tf -- 902.1 at 9 am.
/tf stable 902.3
WPRT - gap up over 20 day
AD - +1400
but tf dropping...
Market Signals are strong.
long /tf -- 9:50 -- PUSH.
10t stop. 8t target HoD
OUT -- +26 for the day.
FANTASTIC WORK ! GREAT PATIENCE TODAY.
10:03 - BULL SIGNAL
/tf 904 nhod
10:09 bear signal
preemptive SHORT -- on signal -- take it because risk is HoD (7t)
-5t -- and out that was OFF PLAN -- you were trying to be smarter than the market.
SHORT /TF 13T STOP
out - NO XOVER --
down to 18t of profit.
Market Signals are strong -- why fight it? Your timeframe is intraday. Easy to rally hard in a downtrend for an HOUR or TWO --.
TF 905 NHOD
ad - TOPPED OUT 9:52.
UD - strong - -no reason to short yet.
the feeling "too high" or "too low" is a judgment call -- and a good sign you are going to make a mistake.
There is only price, patterns, and charts.
ABMD -- continuing - and HAIN -- those charts were fine.
XLF -- doing fine above 10 day MA -- trend up.
IWM - double top -- difficult area to battle trhough but STRONG signals.
UD-- still climbing
11;06 -- Sell Signal
short 11:16 -- 2ndary break 5/34 xover.
Market Signals weakening
covered for1 tick --
drop wedge break to upside.... more strength.
RULE: if daytrading a stock -- it must be STRONG. I know that sounds obvious... but it's sad how often I break it.
AD +1300 no good reason to get short.
11:38 bear signal
5/34 xover short 905.2 -- 6t stop.
break/inverse double top/ xover pattern -- usually reliable
/tf -- today's HoD was just above yesterday spike in the morning -- before the plunge -- this was an easy target to see on 5 min ch.
/zb -- confirms 11:48
went to workout -- chop all afternoon -- great choice... missed nothing as I expected -- gained a workout.
UD climbing ALL day
bulls in charge
UA, GNC -- sloppy high tail stocks -- don't play these.
PRGO -- another -- too choppy -- don't play it.
3 pm: still going?
internals are strong as ever...
/zb -- xover bullish
3:23 -- hmmm....
instincts say -- go long 907.8 -- catch 20 tick rip into close??? strong finish?
3:35 - sell signal
GLF, WLL , ESRX IACI EDAP --- all kinds of strength
5/34 xover but
UD -- climbing -- says we close at the highs
/tf -- clear rollover signal -- I'm not taking it because Market Signals barely support it.
TICK - -nlod
long 5t stop -- rolling with the Market Signals --
stoppped out -- THIS WAS OFF-PLAN. It made a lot of sense but it was not following the basic plan. These trades look so good... and so rarely work.
hain -- GIVES IT ALL UP. ER are death.
GLUU - LOL. Price action forecast a miss 3 days ago -- selling all day...
|/tf bulls back in control|