Replies to post #40177 on The TradingEdge

[jxyzobrien]

back from therapy
i could not put a trade in but i thought the normal behavior
s/b back to value and sure enough.

draw and look till you have the best view that explains the market

see it say it (3 times), place trade , where is stop

monitor for continuation, move up stop as needed but let it play
out

if signal says change direction do it.

[farooq]

I think my failures comes from not relying on my charts and relying on my Guts feeling. I have noticed if I only trade my charts my success rate is way higher.
I would have been a Billionaire by now, LOL.
It is still work in progress Hahaa.
Bigger problem is when chart says get Out and guts say it is a small loss and you will be soon OK and it always mushroom to catastrophe.
Now long ESU17 @ 2461 stop 2462.

[jxyzobrien]

today was burning thru supply
market went above the red supply candle with lower volume. when
that happens most of the time price reenters that candle and then
lower prices are rejected and finishes burning supply or fails
and gets pulled back into the candle.
so the first time back into the candle lower prices were rejected.