I posted all day long yda in real time exactly what I was thinking and why I was doing what I was doing. I consider it pretty rude to ask me the question you asked when I made it very clear exactly what I did in my posts. If you don't have the time to read my posts, please don't try to understand what I am doing. Just do your thing and leave me alone.
10:04
SR60 giving sell signal, but prices reversed with 9:51 3 min bar. LOD is very close to YLOD, close enough to call a hit. YLOD good support point to watch.
10:27
Not just yet. Besides the TA limits, I also watch 3min trend at the time of the signal and look for near support points for entry.
See post 71475 that I posted just before the 10:06 mark.
SR60 giving sell signal, but prices reversed with 9:51 3 min bar. LOD is very close to YLOD, close enough to call a hit. YLOD good support point to watch.
10:51
Jaws and I have discussed this many times, but I understand if one is really not into the flow they miss key stuff. When I get a 60min signal here is what I do next.
1. Switch to my 3min chart and see what the short term trend is. As I stated, this morning the down trend reversed with the 9:51 3min bar.
2. Look for very near support. YLOD was the perfect support point. Prices had already bounced off of it once.
3. Do nothing until xx:06.
At 10:06 clearly prices were going back up and LOD would probable by my entry point.
It is really very simple. Just make sure a shorter time frame has the same trend as 60min and use support or resistance.
Not out of the woods yet, but at least I now know where I will execute a short.
SR60 giving sell signal, but prices reversed with 9:51 3 min bar. LOD is very close to YLOD, close enough to call a hit. YLOD good support point to watch.
11:19
Let's assume that the open was 10am. At 9:36 (my presumed 10:06) the 3min trend was very much down and showed no sign of reversing. I would have executed at 9:36.
But once prices has reversed as they did at the real 10:06, I probable would have used the LOD for entry.
12:15
Another short signal at 12, but so far I am ignoring it also.
* 3min prices seem to have reversed at 11:57.
*Prices are in a nice upward channel (marked on chart in iBox). Channel bottom is 103.86
* BB CL is 103.84
* Minor support at 104, better support at 103.90 and hard support at 103.70.
Bottom line, not going to get excited about doing anything until CL and channel is broken.
Hate these kind of days.
1:25
Yes everything is pointing to the 103.75-.85 area, but I still have my doubts. This is not what a turn usually looks like. Just channeling.
3:45
Looks like we are going to finish the day flat. Lots of decisions for the day, but no executions except for closing BBK trade at the open. Still made a few ticks but was not willing to risk my holdings without a profit margin built in. Don't mind so much playing with the markets money, but I hate playing with mine.
4:02
My chart and a list of all the trades are in the iBox. There were no trades this week. Don't know where you are headed, but I don't need you to log my trades. All the info is already available.
5:14
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This has been a very unusual month in that SR60 has only had 2 trades for the month and they were so long ago that as Jaws said, they do not appear on the chart. SR60 is long and has a gain as of EOW (end of week) of 6.9%. Normally I can count on 6-10% for the month, so it is right on target for the month. As you can read on the chart, the last trade was long on 7/3 at noon @ 98.44.
I added a longer term SR60 chart that shows the complete month and the complete ramp since 6/24.
I can appreciate that you might want to mark up a chart for yourself, but I would prefer that you not name your chart SR_60 because it is very close to SR60 which is what I have called my system for over 2 years. It would get confusing to others.
Sat 9:25
If it surprises you that SR60 has been long since 7/3 then you clearly don't understand the basic rules. Both RSI<60 and Stoc<80 are required. Yesterday was the first time RSI has dropped below 60 since 7/3. There should be no surprise.
