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#1 CLK

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Posted 12 April 2018 - 09:01 AM

Breakout print 10am. 

 

 



#2 CLK

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Posted 12 April 2018 - 09:14 AM

For those that day trade, it can be tough to stay with a trend with the way candlesticks look, I have trouble 

knowing when to get in and out because of the false breaks, so this is my new system in Heikin-Ashi, 

it won't work well on consolidation days like yesterday, watch for two down or up candles for reversal and also

the engulfing doji's, this works better than Renko for day trading and even over a 2-3 day time frame.

You have to sometimes go to 2-3 minute or 10-15 minute, depends on the volatility.

 

I don't expect much give back today, engulfing doji probably won't work. Also, make sure you wait for the candle to close.

 

 


Edited by CLK, 12 April 2018 - 09:23 AM.


#3 NAV

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Posted 12 April 2018 - 10:20 AM

I like the fact that you are looking at various ways to create an edge. Keep plugging away and you will find something that you will eventually be comfortable with !.


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#4 CLK

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Posted 12 April 2018 - 10:41 AM

Thanks, NAV.     Need to work on money management along with the technicals, I think the hedging needs to go except I overleverage too much, need to reduce position size so there won't be a need for it.


Edited by CLK, 12 April 2018 - 10:41 AM.


#5 CLK

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Posted 12 April 2018 - 03:18 PM

The close looks bearish, went short. Internals divergence from Tuesday's close. Left long positions on for later or until the Renko system turns. I think I need to focus half my trading on eod setups, planning to be out the next day.


Edited by CLK, 12 April 2018 - 03:19 PM.


#6 CLK

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Posted 12 April 2018 - 07:43 PM

Market looks sick here, I'm thinking 2640 but not stay there long, an hourly close of 2650 and I will have to

start closing long positions. Looks like buy and hold is not going to work until a close of 2680.



#7 CLK

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Posted 13 April 2018 - 07:00 AM

Gap fill number is less than 7.3 points on the open.



#8 CLK

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Posted 13 April 2018 - 07:41 AM

If the NYAD divergence doesn't work today, and the current numbers indicate it won't, then this will probably be a 100 point day up.

When a solid internals divergence fails, not just some CCI, RSI setup, then the move in the opposite direction will be big. Too much

short covering fuel not to.



#9 CLK

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Posted 13 April 2018 - 07:59 AM

Retail shorted more and institutions held almost even at high levels.

 

 



#10 Waver

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Posted 13 April 2018 - 08:04 AM

If the NYAD divergence doesn't work today, and the current numbers indicate it won't, then this will probably be a 100 point day up.
When a solid internals divergence fails, not just some CCI, RSI setup, then the move in the opposite direction will be big. Too much
short covering fuel not to.


Yea its going to be big up
I was bearish too last night
It being up like this, not reacting down
Its gonna go the other way in a big way