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Earl,
Thanks for posting your response. I just bit my lip today and sat on my
hands. I was not able to distinguish a real break from all the rest of the
noise. The triangle broke both ways, and there wasn't much follow thru
either way. Slot machines are more reasonable sometimes.
> Sometimes it's skill which works and sometimes it's luck. Yesterday, I
> managed to catch the morning reversal close to the lows and rode it nearly
> to the afternoon high. Today, LeoWeb jammed when I attempted to enter a
1318
> limit order on the run-up during today's lunch period (a no no on a slow
> day) when the locals were gunning for the stops above 1318. Further, I
never
> should have been attempting entry because neither my time or price
> retracement targets (posted earlier) had been met. I was simply afraid I
was
> going to miss a run to 1343 which I suspect may be in the cards - would
not
> have been the first time I've been spooked into a trade!
>
> Earl
>
>
> ----- Original Message -----
> From: "EAdamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, May 22, 2001 10:20 AM
> Subject: Re: [RT] SP Triangle?
>
>
> > One additional comment, I am not particularly aggressive today in
looking
> > for a long entry here ... this has (so far) been the kind of chop which
> can
> > eat a very short term trader alive. Rather, I am waiting for a
retracement
> > in price minimally to my blue 50% trendline (*) or in time (vertical
cyan
> > lines).
> >
> > * apply a fib retracement tool from the pivot low to the pivot high,
then
> > draw a trendline from the pivot low to the 50% retracement at the same
bar
> > as the pivot high.
> >
> > Earl
> >
>
>
>
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