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PURPLE GAP


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#1 iloli way

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Posted 16 October 2015 - 11:14 AM

All gaps were filled in matter of days, at least in this RUT chart's timespan (6/2013 ~now cash daily) I checked.

This Purple gap is different?

Posted Image

Same chart, down trend from June's top:

Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#2 dasein

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Posted 16 October 2015 - 01:21 PM

I dont have a guess - do you? I was expecting it would fill or jump below....is it opex?
best,
klh

#3 iloli way

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Posted 16 October 2015 - 02:09 PM

I dont have a guess - do you?

I was expecting it would fill or jump below....is it opex?

If, against all odds in my first chart, price BO away today's TL and targeting upper trend line above, then it'll take longer to fill.

Then again against all that odds is tough isn't it?

My TA only about what (on chart) not why (behind moves), been like that for a long while and liked it.

Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#4 iloli way

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Posted 16 October 2015 - 02:17 PM

One of my trade-mark coined pattern: Sickle.

The minute I saw it I knew it's going to be vicious - heads rolling. :lol:

Posted Image

Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#5 iloli way

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Posted 16 October 2015 - 03:06 PM

OK, heads stopped rolling and bought TZA 44.22 at the red rejection; stop will be executed when immediate daily TL in my charts taken out.

This is the reversal SHORT since my last reversal LONG in thread: COVERED

Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#6 iloli way

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Posted 17 October 2015 - 05:25 PM

All other indices world wide closed positive if not HOD on Friday. "All other indices" except US Small Cap - future down 6, cash down 2.10.

So, why mad enough to short right before close?!

I might have jumped the Sickle...gun, LOL she says it's worthy to take a calculated risk right here with well defined stops.

Lets look at this chart:

VST, red megafon could see another very limited advancing up-leg.

IT term, the two-month-old "KEEP OFF!" green downtrend line is still enforcing its authority, fact is respectably undeniable rooting for my short.

BTW, TZA closed Friday 44.50.

It is "against all odds" for the Purple Gap not to fill sooner than later; same "against all odds" for my short to win.

Trading execution techniques: both green and red lines are my stops, half and half, and will be used as re-entry points if stopped out first; likely multiple try reversal short just like all other reversal positions shifting.

And I'll update this live chart with vertical timelines when/if possible.

Posted Image

24 more hours to Sunday's open.

:lol:
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#7 iloli way

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Posted 19 October 2015 - 08:39 PM

All other indices world wide closed positive if not HOD on Friday. "All other indices" except US Small Cap - future down 6, cash down 2.10.

So, why mad enough to short right before close?!

I might have jumped the Sickle...gun, LOL she says it's worthy to take a calculated risk right here with well defined stops.

Lets look at this chart:

VST, red megafon could see another very limited advancing up-leg.

IT term, the two-month-old "KEEP OFF!" green downtrend line is still enforcing its authority, fact is respectably undeniable rooting for my short.

BTW, TZA closed Friday 44.50.

It is "against all odds" for the Purple Gap not to fill sooner than later; same "against all odds" for my short to win.

Trading execution techniques: both green and red lines are my stops, half and half, and will be used as re-entry points if stopped out first; likely multiple try reversal short just like all other reversal positions shifting.

And I'll update this live chart with vertical timelines when/if possible.

Posted Image

24 more hours to Sunday's open.

:lol:


Update to this minute - posting time:

Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#8 relax

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Posted 20 October 2015 - 06:57 AM

would be cool if you could do one on dax, if you find some time, no hurry enjoy the day ;-

#9 iloli way

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Posted 20 October 2015 - 12:33 PM

Ok I'll try tonight when back to station, on cell now, which you want, fut or cash?
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#10 relax

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Posted 20 October 2015 - 01:09 PM

Cash Thank you