VUZI Update.
Updated
It looks primed and ready to go.
You can enter at either one of the green areas, but my preferred method is to enter when the minor downtrend is broken on prices way back up.
I would encourage you do to the same. This entrance helps build patience and makes you think about the timing and pay attention more to what price is really doing. Using the order block strategy is really good for helping your overall prognosis, but using the line breaks tells us we are reacting and following the market, and not trying to predict it.
If I could have more than 5 indicators on the screen I would have the MA's up. The reason I can take this trade without the MA's present is because I know we are sitting between the 20 and the 50 from the Daily viewpoint. Additionally, I'm going to use the line break for my entry on the lower time frame, negating the necessity of seeing a crossover.
You can enter at either one of the green areas, but my preferred method is to enter when the minor downtrend is broken on prices way back up.
I would encourage you do to the same. This entrance helps build patience and makes you think about the timing and pay attention more to what price is really doing. Using the order block strategy is really good for helping your overall prognosis, but using the line breaks tells us we are reacting and following the market, and not trying to predict it.
If I could have more than 5 indicators on the screen I would have the MA's up. The reason I can take this trade without the MA's present is because I know we are sitting between the 20 and the 50 from the Daily viewpoint. Additionally, I'm going to use the line break for my entry on the lower time frame, negating the necessity of seeing a crossover.
Note
Look at this. If you were a true believer you might have gotten in a the 1st green box. I am a little worried the bears might be moving in, but that's a totally normal feeling with pullbacks. That's what makes buying the pullback difficult. I am fresh off a winner, so I'm dealing with the feeling that I can do no wrong. Good thing I have this journal to ground me. Humans, am I right?
Note
VUZI is printing a green doji in the first 2 hours. This is still not a terrific excuse to get in, but it's a good early sign.Best practices says we should wait for a break of the downline, but I went ahead and bought Calls for 21MAY @ 28$. I will still keep it on my watchlist, and look to buy the underlying at the linebreak.
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