Short Term Trading Weekend Lounge: 9 - 11 July, page-33

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golden6

11,468 Posts.

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10/07/21

07:26

Post #: 54410292
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Originally posted by Diver Dan: ↑

Thank you @hazyg. Gee I better be careful how I report. The liquidation you saw yesterday was in view and not unexpected, but because I have not been fully engaged -- you know, sitting there every minute of the day checking all related things - I didn't feel able to comment, but would have if it kept going. I would pop in to check the market breadth, which opened about as low as it can go, but there was no specific news I could see. Then we got the fight back and internals recovered somewhat…followed by the overnight recovery and you can see where we are now. Still, I should have posted charts of the naked points of control that I refer to. Highly irresponsible, I know. If I am not actively trading, I feel like I'm just mouthing the words. That said, it did look like that thing that happens when too many people get on one side of a trade, and we see a string of higher highs on poor structure with no back and fill. We took out two untested high-volume points of control at 4301 and 4284.25 yesterday, before moving back up overnight to leave a small gap from yesterday's high of 4322.75. You can see now we are back to the highs. I will have to get under the bonnet this weekend and see if I can make sense of things.

Hah I will try to think of some examples, @golden6. It is a challenge for me and there are plenty of examples to cite.

Thanks for your input, @20521, love to hear of a system that works. How did you go with that short you mentioned a while ago? I saw they gave you an opportunity the next day.

Ah yeah @struggling1, so you are shifting gears then. I will check out that stock you mention. I have been checking out the charts that people post here more and more. It's a great break from the futures sometimes.

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So you have been checking out the charts for some of the stocks that some mention.
Must admit am very impressed with the quality of the charts you post. How would you feel about posting a few charts of stocks if requested ?? I know that I, for one, would be very grateful.
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Short Term Trading Weekend Lounge: 9 - 11 July, page-33

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Short Term Trading Weekend Lounge: 9 - 11 July, page-33

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