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<h3>THE ART OF DAY TRADING</h3>
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<p>In a sense, the taking in on such hefty profits eventually contributed to this series of profitable nonplays. Because I had banked a large portion of profits already, I figured that I could hang on to the shorts that I still had left and wait for the end of the world. This is playing from a position of power.</p>
<p>I decided to wait with my profitable positions.</p>
<p>The profile chart (#2) again showed disturbing signs that the bottom hadn't been made. How did it show this? Note the analysis of Figure C5.11 of the profile chart when I noted the auction line was upwards, yet prices sold off and found a Value Area at levels off the highs. The same situation occurs here. From periods A, B, E, and F, prices moved higher, yet towards the close, a Value Area was formed around the middle of the range. Again, there was more selling to support levels, even though there was initial obvious strength from periods A to F! Look out below!</p>
<p>Figure C5.13 created on 1-3 @ 9:39 P.M. vindicates my analysis of the necessity for new lows to be made.</p>
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<p>New lows were made at around the $394 level, about $6 from the previous end of the 5 wave at $400. This means at least another $4 profit on the balance of my positions.</p>
<p>A possible bottoming action showed in the Market Profile chart (#2). The day trader would have noticed that the auction line moved from A, B, and L and then rotated upwards. The Value Area was found to be just slightly a bit higher than half the range, another subtle hint that an intermediate bottom had been formed.</p>
<p>The #5 Chart, the daily bar chart, showed a wide gap from the previous day's low and the current day's high. There are three classifications of gaps: continuation, exhaustion, and breakaway gaps. Continuation gaps show up around halfway between the extreme high and low of the swing, exhaustion gaps are found at the end of an extended move, and breakaway gaps show up at the beginning of runaway markets from congestion areas. The gap in #5 Chart was neither a continuation gap nor a breakaway gap, but an exhaustion gap. How was this concluded? The move to the downside started at around the $425 area and had touched a low price of $394, a drop of about $31. The move to the upside started at $364 and hit a top at $425, a move of $61 (see Figure C5.1). A $31 move to the downside was an approximate 50 percent correction. Because I believed this selloff to be a correction before new highs were to be made, a correction of about 50 percent was perfectly acceptable. Once prices reached the $394 level with a gap, I had to conclude that prices had touched bottom.</p>
<p>What to do? Cover all shorts. What about going long at these levels? I have always found it hard to double up at reversal points. It isn't a question of a lack of trading skills, but more a problem</p>
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I've already tried that, though I didn't want to because I usually stick with relative and dynamic practices (I never use absolute positioning or fixed widths). In this case I'd have a problem if I wanted 3 columns. Sure I could simply calculate and set the width accordingly, but I don't like jumping through hoops to get results that seems logical without the need to.If you want to fix that, you need to give your divs width and its combined width must not excess that of their container. A simple fix would be 50% width, but make sure you don't have any borders, margins or padding then.
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scratch that. I'm getting different results now. The result I was speaking of, had 2 columns the way I wanted, but only at the top quarter of the columns were strangely merged and shifted to the right intruding into the right column's territory. I swear my code was exactly as I had it.Anyway, as I said, I tried it, and it almost works, but not really. You'll see what I mean with the width modification you suggest.
If there are too many columns. But it's proven to be easier to read text in columns, which is why magazines do so.That's possibly not a great idea on a screen as it means lots of up and down scrolling