zoomed out

zoomed in, very nice. cheap stock, big move, number 1 on my watchlist sorted by vol % change

nice 15 minute doji

pop and drop

amazing the action around the lines you can draw intraday. what i have discovered is that this area is an area to watch. it's not an end all be all. you need to pay close attention to the action here and see how it goes.

just demonstrating fibs. notice how the retracement turns around in the 50% retracement zone.

here as well. it is just amazing to me that the waves that i watch, which correspond to the lines i draw, also match up well with fib levels.

today i basically watched the market the whole day. i did not put on one trade. i just wanted to watch the action around the levels i was drawing. the exercise was freeing. i may not place one trade this week. just watch the market, draw my levels, and see the reaction. not having a position on, or thinking about a position, allows me to think clearly and freely. there is no being upset if i get stopped out, no being happy if i am making money.

having the market turn around at my pre-drawn levels and then myself saying the probability from this "area" is that it will go down. it builds confidence. it shows me i know what to watch for, know what to look for. it is strictly a timing issue. time the trade properly, you will not be threatened with being stopped out, survive the first pullback, and you can let the trade ride. obviously, this happens when there is a trend day, but make big money on those days more than enough to cover your losses on other days.

lets see how the week plays out.

i have more to say, but its hard to think anymore.