iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,663 Blog Posts

YOU WILL NEVER MISS ANOTHER FAILED AUCTION

There aren’t many (if any) signposts you can point to and say, “oh hey look, that precluded this vicious viscous venturesome move.”  However my dearies, there was one simple occurrence which kicked this whole “process” into ACTION.  If you can bear this excessive use of emphasis then you stand to learn something.  It actually has an axiom:

From failed moves come fast moves – Plato (not really)

For some reason, I am rather keen on observing and presenting key contextual pieces yet doing little to prepare for the move.  It is like for some reason when my Shenanigan play didn’t pan out I abandoned the idea we would ever correct, like some kind of dicknose.  Listen here, internet, I am no dicknose.  The failed auction may have sizzled my anus this time but once is enough to learn me proper.

Anyhow, here’s a picture of the failed auction:

10022014_failedAUC_NQ

Don’t let these go wasted in the future.  They happen on all timeframes in all instruments.  Think of the powers behind it.  Some stop hunter goes after swings, take it out, finds no order flow, just crickets, says, “oops”, cuts and runs, and the market has shoveled a few bulls onto the head of the gravity hammer.  LEARN WITH ME.

And be well.  Until tomorrow, adieu

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4 comments

  1. Q

    Hi Raul, does today’s daily candle look similar to the april low, 4/15 in your opinion?

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    • Raul3

      sort of, yes, but it is occuring in a different time and space then the prior (obviously, but) Next week will put some good context to the right of that odd candle to measure up to

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  2. UncleBuccs

    Great post, Raul. Unfortunalely, I came into this month with the most phallic of olfactory devices… I will LEARN, and take ACTION.

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