Starting it off..
Al Kamego

Made a bit at the OPEN on XBIT. FIZZ also had a nice "roofer's Beauty and Simplicity" setup that I did not trade.







Al = )

rat,

Awesome charts.

Al

I did not do well today in paper trading SLCA nor in TSO.





Al

Sorry not to post guys. I've lost my patience with Cable, at least for some time. After poor February and March, April is much worse in terms of intraday volatility.
Apart from one excellent day, a week ago, most of the time it stays within 60-70 pips, with choppy price action, so it's complete waste of time. The only positive is that I can stay at break even in such conditions. Half a year ago I would have ended up with consistent losses during such market.

Marcin,

It sounds to me like you are making progress in trading.

Best Wishes and Good Trading,

Al

Thanks, Al. Same to you.

the bottom line is: trading is hard. Or our emotional wiring makes it hard. Meanwhile, some charts:

Great chartwork, rat, and fine comments. Marcin, hope you have better success next time.

I paper traded three "Beauty and Simplicity" setups today. ASYS, BIIB, and LXU. I still do not have the patience to let the trades play out. Lost on ASYS, gained some on LXU and made a bit on BIIB. I was watching BIIB, saw I was nicely ahead, but lost it and got out at a slight loss. I reentered BIIB again for a slight gain later. I keep thinking of roofer's comment, which I paraphrase here, "You can make money, or you can make excuses, but you cant do both."

Anyway, mistakes and all, my trading today is better than my trading yesterday!

nice biib trade albert....looks like wave (4) of minor 3 ending into the close yesterday: