Play the TLX's as targets and opposite direction trades. KL's 16633 Upper / 16524 Mid / 16429 Lower. Watch out for rally fading today, yesterday was one of the weakens 200 points lifts I have seen in some time. Just feel that true play is to Short, but may be early.
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Watch the Diag TL, NAZ usually struggles
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Safe to place some Longs at 80ish, test pop to 525
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Hit 00, PB add more for 525 Target.
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Close some or all at 525, stop at 440
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Strong Long at 525, FYI Try and stay in Long, Hitting TLX Now Long Trade/Opposite Direction
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Stop not hit, I have noticed that any down move is 5 times faster than any Long run of same point distance, then the SNAIL Long Lift are the bigger Longer Trades. Hard to hold these, but the 80 trade may be one of them as the downside is most likely done for now and usually for the day. Hopefully, you are in the trade near 80 and did not bail or gets stopped out. You need to actually win a few of these in order to get use to it.
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Stop hit, Snail Long is next. Look to renter.
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NAZ may be basing at 16390, watch slow lift higher, like a snail, should move 16440, 60 and 16490
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Strong Long 16458, may see PB to 16458
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Do not short near 360 or 280, look long, This is when the snail Long should develop the lift.
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Still feel Snail Pop to follow. Add on dips up. Look Long above 16293, yesterday low and this could be a drop test for a long. 10YN is holding
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Reason to drop & Pop, NAZ is not going anywhere, just watch 10YN. Should try for 292
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Dip Buying test here, lest see.
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Strong Long at 16272, look for PB to level. Pass look long.
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Long Snail move developing, don't blink.
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Stepping away. will check back near close.
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Snail Pop, Go Long at 16195.
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Strong Long above 16225
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10 YN is stable, stay Long
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100 Point gain, set as Bracket.
Trade closed manually:
NAZ will fight any Drop.
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TLX as Target and turning has been working.
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Been testing a modified Intraday System (from prior post): Details are open, copy
Pretty clean and reliable, I use 25 Range on low volume and 50 on high
Pretty clean and reliable, I use 25 Range on low volume and 50 on high
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Another version of 25
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NAZ back in Mid Box (yellow Lines), Study TLX's for tomorrow. May see 16069 hit/bounce or 16320 failure drop to 16069
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Today was another lost opportunity to pile on. I was Short yesterday at Close, then covered after no movement, mentioned to watch out for Rally Fading. Even when you feel it, know it and see it, you can't catch it. New rule for 2022, go with your gut and block the NOISE. I have noticed that the original thought/game plan is usually the correct one.
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Yellow arrow will show how the NAZ moves towards and away from TLX's (red Lines). Use as targets and reverse levels. Notice the Snail Pop from earlier, hit and turned. Lets see how the this plays out tomorrow.
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Better view
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TLX Levels on 30M and 50 Range Bar, Notice the congestion and turning points, easier to see in a non time chart (range). We will study this closer.
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If you are confused with TLX's, they are trend line intersections. I draw a Red Line to the right. Trend Line Cross, they are reliable. Kind of like a Pivot. The TL's are drawn by me, then the TLX line is drawn. If you try, you need reliable TL's to begin with.
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Update to above, NAZ dropped to 173 and then was rejected at 257 only to be pushed back down to 207. Trades would of been, 173 Long to 257 TLX, reverse at 257 TLX. Keep your eye on 328 & 069