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Re: LABZ post# 76274

Thursday, 01/26/2012 4:12:43 PM

Thursday, January 26, 2012 4:12:43 PM

Post# of 105534
We'll see in the coming days and weeks.

As regards Gartley's, I have not learned whether they have to be prefect. I suspect that there is always slippage and inexactitude. The leg to the 382 did not hit it on the nose and I'll just have to apply whatever transpires with this chart to the memory banks for reference in future instances where the pivots on a butterfly fail to get exactly nailed.

The criteria need to be volume sufficient to have a chart that is not full of gaps in the periods when looking at it inter/intra day.

Up until the recent moves in CBAI, it was often too low vol to be charted the way I've been taught. Now, there is enough vol.

And I was really ticked when .03 got hit. I saw it as the 786 got hit but I did not think to see if it was a gartley butterfly. If I did not have the habit of clicking through my periods like they were magnification lenses, I'd not have seen it jump out at 65 minutes.

I like the way it rejected the takeout attempt.

Lower vol day today that included a serious attempt late in the day to disembowl the .033, but at the EOD, the .033 held. Head fake to drag folks into cratering, but it did not have the UMPH to maintain the break thru the EOD.

Breakdown failed as of EOD.

I did not have $$ to toss into it once I had seen the Gartley and I would defininely have doubled up had I had uncommmitted $$.

I hate missed opportunities like that (and the two slam dunks this AM)

I doubt I'll make the mistake of letting posting distract me from trading tomorrow AM. I blew it for myself. Forget that rot, LOL. Ain't gonna' become a vanity play for my ego twice in a row, LOL. Hate losing money too much to be that insipidly stupid two days in a row.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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