Aug 14

/tf  -.28  1047 -- TL down.

1049 -- back to TL touch at 9 am.

aapl  1.11% on iCahn fever.


short -- symmetrical triple touch.

and -- of course -- attempting to trade premarket is failure... don't do it.

gap fill  1050.5 -- and reverse....   have to expect that.


OLED -- strong.

once again 4:37 am --  /tf low  o/n -- and day could be over at 9:29

grinding day -- frustrating if you didn't short the open.

Aug 13:

/tf gap up .25%  to 1054...

5/34 xover - still in place.


perfect   head/shoulders top on /tf --  topped out  at 1057   -- same as 7/22 to the tick -- so this pattern may be noticeable.

strong:  nq, sina, xone, litb, ssys, tsla, xin, peri.

long tf  on  5/34 xover 1 min candles  and triple touch TL now in place. 

Will it work being 17 min. off LoD?

And stopped at new low...   So ...

viewing thru 5 min candles... chopping at the lows -- accepting value down here.

ADr -911 is telling.
ADn -1200

strong:  IMOS, XIN

/tf --   triple bottom on 5 min chart - then 50 tick bounce.    now midday chop... pointless.

and /tf --  70t bounce back to nearly yesterday's close -- triple bottom then double bottoms --

Mon chart

tf - gap down o/n so the best entry was premarket after a MAJOR SUPPORT level touched o/n.

China data strong.  Pushes market all the way to push past MAJOR RESISTANCE at end of day.
IBD names led the way.

/tf o/n gap fill and push beyond. Starting with major support touch

Friday Opex

Rangebound market means entering near  sup/res. with a confirmation of a TL or TL break.

As usual -- you should be done by 1 pm.  Keeping a watch on higher timeframe lets you know where to start getting interested.

opex: coast to coast on /tf

Aug 8

Gap up to start the day -- with strong IBD names   huge 1412 ADr at the open.

But the game is the game.

And the system is the system.

14 minutes into the day -- the 10 min OR breaks to the downside.  The AD line is sliding and the previous close calls out...

There's a second bump but the 10 min OR acts as first entry and then you can follow the 34 ma down... 

the gap does fill and now it's easy to trail a stop.

Internals are extremely strong so once the stop is hit, it's time to enter long on the first chance...

Given the strong internals, there's no need to wait one hour, however we need to establish a TL to confirm at 11:20 -- about 40 mins. off low of day -- so still nearly an hour.

Then market climbs back -- we're looking for 20 - 30t max because we're countertrend trading below the 10 min OR -- and we easily get that and a more lax stop might capture up to 40ticks.

/tf: gap fill open - successful. Then TL entry back to 10 min OR

Aug 7 chart

10 min OR break pays today.

Then long time for a TL to grab another 20 ticks.

/tf: 10 min OR break with -800 ADr pays easy

Aug 7 Wed.

/tf   -.16

may be rangebound consolidation after large move yesterday?

SNTS -- the co. that never quits   8% pm.

solars down big.

Z, GPOR weak.



/tf  -.34

1046.6

So  nailed the opening mostly -- got the 10 min OR break -- for 31 ticks...  then gave back 13 on non-plan trading.

Like 1 min candles for the first hour -- saw the clear top above the 10 min OR.

short /tf --

under 10 min OR
market signal break
triple touch pattern.

ADr  -862 breaking lower...

Is everything lined up?

Yes -- and out at 1042

37 ticks on the day -- despite a 13 tick dumb trade.

selling

/nq  at 3108.75 -- at   61.8% intraday fib  and near  10 min OR low.


12:30 pm -   5/34 xover on /nq -- causing a short cover rally.  <--- can="" emerges.="" new="" p="" pattern="" reshort="" t="" until="">
market signals turning down   1:50


/nq - top of 10 min OR --  

ADn  -1200 -- is irrelevant  to Price Action first. 

all /tf  did after drop was establish a TL to bounce from.

bot SQQQ -- TOP of hourly channel -- responsive  with   ADn -1000


5/34 xover -- keeps you on the right side of the trade -- it will mean later entries but it will pay by not taking early shorts.

/nq  fully above 10 min OR -- bulls in control. 

can't make up new rules.

the 5/34 xover - - will keep you on the right side of the trend  MOST of the time.   But enough to be CP.