Fluke

As noted price has made it from the low of the ON range to just shy of the high pre-open. Failure at the top of the range and back to the MP. Reversal of the MP and back up to the highs. Bouncing around at the MP, my least favorite place to trade. Will be waiting for a test of the extremes and a REV, or a B&RET. Break out the downside, no chance of a REV. Bouncing from YHIGH. Strong bounce, LRH breached, trading the next RET long. -in -up to the range MP -testing the range low - failure, out LRL breached, trading next RET short. -in -expecting low to break immediately, it does -down through the top of the range I had marked on the 5000t -some potential congestion near yesterday's close -exit partial -exit remainder on failed continuation, out Back up to the range low and bounce back down HL, trading long -in -violent response buy sellers to the first impulse by the buyers, out Sitting tight for the time being. Hinge/micro range. Break up and out of the range/hinge, B&RET planned Back up into the ON range. And back down to the micro range And back up to the ON range. Will pass on the short RET back into the micro range And another hinge. Break out to the downside back into the former micro-range. I have other things to be doing rather than watching this market coil.

Where we are currently... Daily - back above the mean of the down channel, having bounced hard from the previuos lows, down channel demand line, and longer term up channel mean. Perhaps a trip to the down channel supply line is in the making. 5000T - all of the action down at the lows of the down channel has created a lateral range, of sorts. The boundaries are rough, but the image is there. Potential areas of interest are marked on the chart. 10M - as is often the case, the ON session formed a fairly clean and definable lateral range. Just before I got to my desk, a DL break, RET, and entry occurred at the lower extreme of this range. It is now testing the MP, and I believe will likely test the other side. Unless it can't make it there before the open, in which case I would see a move back to test the lower extreme as a likely scenario.

Google - Macro, Daily, 5M from today. Looks an awful lot like....

Excellent - I'll look into that. I suppose this is one of the benefits of having a more "full service" brokerage like TD Ameritrade can be of use. I'd prefer not to pay $7/RT for it though.

Microsoft - Macro, Weekly, Daily, 60M

Apple - Macro, Weekly, Daily, 5H

Thanks DB. Do you mind if I ask how often you reference these individual securities? Is it a daily occurrence, or similar to the weekly NQ chart, perhaps once a week? Or rather, perhaps driven more by a specific occurrence (i.e. today's massive range)?

Do you have a data feed that provides that? Is there a free, interactive chart similar to Investing.com?

What I'm looking at...

Thanks Niko. I feel that I do, but still can easily get in my own way if I'm not focusing :crap:

Big hinge just prior to the open. Rejection at the top of the ON range. Tried a long. Failed. Tried short on the first RET out of the hinge. Failed. Swift move up and through the Hinge EP after failed exploration down. Long on pb to it. -Rejection at upper high of yesterday's range. -Large pb, still believe LOLR is up, holding. -Break to NH, moving stop. -Parabolic high vol (PHV), exit partial. Oh man, crrrrrrappy fill. -At Hourly RES. Initial reaction, but swift catch by buyers. And past it. [i realized late that this was the mean of the daily trend channel.] -DL tested for a second time, but nothing more than a poke the first time, and this time. -Onto a NH, DL fanned. -Again. -[Lot of air up here - ] -DL poke again, losing a bit of the up-steam. -Close below DL = Exit. SL traced. Have chosen to pass on the short due to the ferocity of the upmove and lack of capituation volume. [should have just taken the short][Had I just looked at my daily chart I would have realized where we had turned from and probably been more apt to take the earlier short. That probably would have been scratched and I would have had to re-enter where I entered in reality, so perhaps it worked out for the best.] LRL (last reaction low) breached. Bounce from ON range high, SL still intact. SL breach Swift response by sellers - short. -SL traced -NL -> SL tightened. -right at the hinge EP, finding some friction. Out patial [when I go out partial, the worst I will do on the remainder is BE.] -NL SL fanned. -getting close to testing back inside the ON range. -very widespread going into the opening low and back into the ON range. -testing the ON range MP, likely to at least test the other side. -and there it is. -going parabolic. And swift response by buyers. Exit - better fill than before. And that about does it for me. EDIT: To be clear, I didn't quit. I had other obligations this morning. Be that as it may, I could have left a single position to run as this has been a nice move down. I am uncomfortable doing so currently, although all that would really be at stake would be unrealized gains.

Where we are currently:

Or if you prefer....

What I'm looking at -

Got it - I don't need to insert them into the body of the text, they will just show up automatically at the end of the post. Thanks -