Thread: Bquat's Account Talk

Remember this was another pop and drop to fill it's own gap making it a red candle and the short term Lower High line was broken.

Well the predrew channel I was bragging about failed today. So I moved the right side over to where there my be support:

Originally Posted by Bquat

June 8: Spidey Sense: I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: ​

Now the press is going out of there way to claim this is because of the economy opening up. So you can't fight the FED's but can I fight the news? They'll keep pushing and pushing until another panic. I may exit on Monday because of this and it will be two weeks after the protest. Sorry guys I had to rant.

No move for me today. Sorry for late post. Went through a windows update and ran out of time.

Originally Posted by Bquat

Now the press is going out of there way to claim this is because of the economy opening up. So you can't fight the FED's but can I fight the news? They'll keep pushing and pushing until another panic. I may exit on Monday because of this and it will be two weeks after the protest. Sorry guys I had to rant.

60/40 that I will exit tomorrow. Was planning it today but sometimes we get busy with things. Nice little bottom tail this morning but out of the channel. Will the bottom of the channel act as resistance? Maybe not much a move today to give me another day to decide.

Originally Posted by Bquat

60/40 that I will exit tomorrow. Was planning it today but sometimes we get busy with things. Nice little bottom tail this morning but out of the channel. Will the bottom of the channel act as resistance? Maybe not much a move today to give me another day to decide.

Got to the bottom of the channel twice and it held as resistance but end of day trading might of got it back into channel. Follow through is needed to keep me happy. I don't know if increase of infections are figured in or not:

looks like a short term bull flag formed up pretty nice over the last 6 days

Looking like we'll be back in the Midterm channel.

I don't know why the old gap is now a price range or sideways consolidation pattern. This has me reconsidering my thought of taking the other 50 percent out. Now 60/40 staying in to see what happens. Maybe not having time to do anything yesterday was good:

Kinda having to abmit my Midterm channel is failing, I will embrace the consoladation and watch the price range and Higher Low line:

Staying 50S/50G: