Still in the holiday mode. PA moved through the range and headed for the BO 5. The attempt on the BO 10 was two points short ( read mid range reversal).
Nice bull TL back to the BO 5 and the SB, and back to the BO 5.
Thanks for this analysis CM. As I wrote in the chat I still have trouble on "finding entries". B25 is a doji, and b26 b27 form a 2 bar doji. Together rejecting the sell area 1411-1413. Is above 1413 an entry? B66 (together wit b67) reject the 1419 buy area. Is beneath b67 the entry? Furthermore I would appreciate getting the SPY levels as well (by e-mail preferably!).
B25 found buyers prior to hitting BO 10. When B26 failed to extend past B25, it became a micro 50CB bar. Your entry, with a known loss limit at the bottom of B25, was 12.5. As you indicated, B26-27 was a 2 bar doji and 1411 was rejected. So any entry prior to the BO 5 was valid. The 12.5-13 was available until B40, which was an entry bar at the bull TL.
B66 failed just short of the reversal back to the SB. B67 was a FBO. Below B67 was a valid entry with a known stop loss at the SB. Also, B66 was the most recent 50CB, and an entry could be anticipated around 17.25.
Thanks for this analysis CM.
ReplyDeleteAs I wrote in the chat I still have trouble on "finding entries". B25 is a doji, and b26 b27 form a 2 bar doji. Together rejecting the sell area 1411-1413. Is above 1413 an entry?
B66 (together wit b67) reject the 1419 buy area. Is beneath b67 the entry?
Furthermore I would appreciate getting the SPY levels as well (by e-mail preferably!).
B25 found buyers prior to hitting BO 10. When B26 failed to extend past B25, it became a micro 50CB bar. Your entry, with a known loss limit at the bottom of B25, was 12.5. As you indicated, B26-27 was a 2 bar doji and 1411 was rejected. So any entry prior to the BO 5 was valid. The 12.5-13 was available until B40, which was an entry bar at the bull TL.
ReplyDeleteB66 failed just short of the reversal back to the SB. B67 was a FBO. Below B67 was a valid entry with a known stop loss at the SB. Also, B66 was the most recent 50CB, and an entry could be anticipated around 17.25.