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Just a short question - why did you ignore the Walzer today? There were two strong green candles after 10.30 an you went short at 11.30 as per normal day trade plan. It is proving to be right, but I'm confused. Thanks!
Can you help answer these questions from other members on NexusFi?
That was a "crippled" Walzer:
The second green candle had >20k contracts in 30 minutes!!!
So - a normal pattern is NOT possible - instead after the "pulse in" -
with such pressure a pullback is quite normal.
But - you ask: "WHY I have NOT taken the Walzer?"
If my normal (WEDNESDAY) trade is to go short 11:30 - then a
Walzer is conflicting with my very stable rule for the day trade.
may I add another question as to today's trade - how come you've entered today, given the 160 points movement yesterday. Isn't that a rule for the Walzer only?
SORRY!
I can not help you on this one!
As told - There Are Several Rules for a Wednesday.
There are never "changing" rules - as you can read -
just the appropriate one according to the actual moment:
ALL depending on circumstances.
Just READ what is written in THIS journal.
and if there are ANY doubts - just ask @ratfink - he
is our expert.
IT was a TRY! within a difficult area - where we find NO volume but a lot of volatility during the day.
I was putting a stop of 20 points - and it was nearly taken out too...
You are right - there is normally better to no trade in this...
But coming weeks will be weaker in volume and then some moves are not predictable any more.
This is why I announced in the post that it is higher risk