Nice risk/reward ratio here for a long. Fuzzy C is in place…. bias is bullish while price remains above it. I like the money flow action. I like the supportive volume by price. Bears are looking at the SHS in place. I’m looking at the symmetrical triangle in price […]
Previous post has the fuzzy count worth looking at. Bullish price action since my post, great additional evidence that fuzzy Cs can be powerful …….. powerful enough to take out a simple SHS formation….and take the shorter’s risk with no hesitation. The next play for it is to buy the upcoming 2 impulse […]
Bull was nice to me today; +$1200 net trading the YM futures contracts.
As per chat:
Nov 07, 11:40 Spike* 2 from 2 a good start for +248 points $1200 net I think I’ll call it quits for the day..
ARRS price just came back today for my 11.83 support buy point, further to this post. Stop on bias under 10.84.
The Dow looks to be coming off a fuzzy C. There is a bigger count that one should consider; being the green count, which is due perhaps for the abc correctives soon.
Well it did set up long side nicely recently……but the wheels fell off. I posted the bearish change in this post, and today’s fresh look at the charts shows the following bearish picture:
Stop on bias below 17.53.
Wallstrip, one of my favorite sites, featured HOG (Harley Davidson) on Monday, and I just now had a look at the technicals for it.
HOG has certainly done some impressive things this year.
And no doubt there are plenty who believe the ride is not yet over……. but I would remind them of the saying […]
As per chat today:
Net profit today = +$347. +91 from 9 setups today. 4 winners, 1 losers and 4 pushes. Probability is 44.4%. Average winner 23.5, average loser 0.5. W/L = 47. Amazing!
Equity curve is insane for those numbers!!!
Time to take the profits off the table. Three long positions mentioned from 65.15, 65.63, and 66.50. Profits are 7.73%, 6.96% and 6.13%. Average on the triple position is 6.94%.
Per chat yesterday +53 points from 9 setups:
Today’s results: +3 +9 push -6 push +16 -3 +28 +6. Gross +53 points from 9 setups. 5 winners, 4 losers (2 pushes). Probability 56%. W/L 12.4/2.25=5.51. Gorgeous equity curve. Net profit 265-108 = $157.
Come visit the chat room why don’t ya? It’s free and might help […]
Right shoulder intraday, with price just over a fuzzy C on the daily.