I sold today. Why?
We are in dangerous territory. No risk/reward.
Will buy or sell the triangle breakout.
Your decision to participate here puts you under the controlled rules of the ownership of this domain. Like it or not. That is undisputable fact.
You need to ask yourself. Should I stay or should I go?
Went ahead and bought the breakout to the upside at 18.20. This is not necessarily a good thing. Ready to sell on any weakness 17.80. There is no clear direction right now.
I just bought too.
Although I am not much of a trader...more of a "collector ".
Found a gold nugget
Well, got banged out today.
What to do next?
17.50 is the next area to watch for a bounce off. I doubt it though.
Will look to get long again at 16.75 most likely.
If this isn't the last shake before the breakout to new highs this market is in for real trouble.
I would rather see a strong jump off 17.50 than hitting the 16.75.
I am back long. I liked the action today in the 17.5's. I was hoping to see this.
Today we got a rare event with the dragonfly doji confirmation.
The dragonfly doji in my experience is a pretty damn good indicator of short term trend reversals and is bullish in this case.
I am looking for a solid move up over the next couple of days.
Very tight stops on this trade are the order of the day. Watch the New York open.