Nice, i used to listen to them everyday, and will probably start again soon! They just got so bias to the bear side last year! What do you think of that TA guy Slim?Hey Neo1
thank you for the compliments on my chart. yes I draw them by hand on thinkorswim. I also listen to Tom and the Bat at tasty trade.
I went long TWTR on 3-24-14 thinking that a cycle turn with the squaring out on 3-27-14 was going to bring a pop. but the result were negative. I put in a red arrow so you can see the cycle point.
yes TWTR has been in a bear trend once it broke the 1x1 - 45Deg angle... on 2-6-14 and today it cracked the low of 11-25-13 of 38.80
now we have to see if this crack is a bear trap (headfake) or more selling. if it is more selling, I will have to adjust my charts from the 12-26-13 high and make a new grid to the downside. using the first impulse wave as my 4x1.
for now I'm soh waiting for another opportunity... will have to check the astro charts for any clues and work out some forecast for the month of May.
also interesting so see that the slam to the downside was on a Fibonacci time date of 127% = 4-30-14
below is a link to the chart
Ahh yes I see how you've entered. I wouldn't of looked to enter long in that position untill price had pushed back up through that previous swing low on the 6th of Feb. Price action is key factor for me, and that's how i usually judge the direction of my trade- I'm rarely ever against the trend.
I was looking short to yesterday with an intraday position, but didn't see the price action I was looking for on the smaller time frames until later in the day- figured I would get another shot today. Price seemed to be stuck at bottom of the range on the daily, and under the previous swing low on the 11th, so I was feeling very bearish. Had a nice looking simply setup on my 15min chart aswell, but it was all wishful thinking now...
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