"M" shape (Wave 4) followed by an Inside Bar (Also a Resistance-Turned-Support plus Inside Bar setup - a valid one since the inside bar closed above support and the next bar opened above). Both on ES & TFI bought the ES. Gave TF a miss coz I was watching 6E as well and 6E seemed ready to break out of downtrend line...anyway, I have only 1 brain, and I'm not greedy.
I didn't hold the trade for a point...holding's just not in my blood...YET. I need a blood transfusion.
Both are forming wave 5 now, and given that both had hit their respective full target (161.8 for ES and 261.8 for TF), and both had pierced yesterday's high, it's better to sit and watch where an ABC correction would bring them. TF seems to be leading ES for now. Anyway, they take turns.
Euro Futures (6E)
Highlighted in yellow was where I entered long. I didn't hold the trade, as usual. And as fate would have it, price hit a full 423.6% target before it did a decent throwback (the "handle" part of the Cup with Handle pattern).I NEED NEW BLOOD.
For today:
Spending just a total of 1 hour watching charts is indeed much more productive. Thank you, Lord Tedders!!I'm going to call it a day. Physically tired. I really need to start getting more than 3 hours of sleep per day.
4 comments:
Jules,
Yes, I find it amazing how we can be much more "productive" (i.e. focused) when we give the market our undivided attention for a couple hours at a time.
Nice trading Jules. The Euro has been a nice ride this morning.
I keep thinking of Don saying "are you buying retail or wholesale prices?" Pearls of wisdom. That and his awesome "fake" drawdown chart. Brilliant. Tomorrow I know I'm in the hole 50 pips and I gotta make a comeback.
LT
Ok, you join Don, LT. I still much prefer to start the day pretending the market never once took my money. LOL!!
But, hey, thank you, really :-) I'm stubborn as a mule, and am usually quite set in my ways. But for some reason, you made me take your advice. :-)
Not a bad few trades! =)
I find it easier to trade for a couple hours on occasion. Especially, if I have other things going on at the same time (school, work, dog barking, grandparents talking, blah blah blah blah =D)
Grandparents talking?? You're a lucky guy, Ryan! I wish I still have my grandparents. My world's a little too quiet :-)
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