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SLI on 233

Posted by papaw 
SLI on 233
September 20, 2013 03:12PM
Entered US Steel (X) trade at 3:45pm today.

Entry, SLI on $DJI and X on 2nd 233 candle. Bought Oct $20 PUTS
Supporting, daily CC, SRSI, MACD and DM sharp turn down. Also SRSI > above 80 and MACD high.
Dan
Re: SLI on 233
September 20, 2013 08:56PM
I got all your abbreviations except one. What does "SLI on $DJI" mean? I also noticed that X is showing a bearish divergence on both the SRSI and MACD on both the D and 233 charts. There is near term support close by at the 200 MA on the D, and the BB middle line (21 MA) is showing support on the 233 for today, although the 233 shows the 50 MA at the bottom BB right now so there seems to be some room to the downside once the 200 MA support on the D is broken.
Re: SLI on 233
September 21, 2013 06:29AM
SLI is straight line indicator from G.W Survival class. Thanks for the feedback
Dan
Re: SLI on 233
September 21, 2013 09:02AM
Hmmm. I guess I need to update my WSB toolkit by attending. I did the 1-5, Advanced, RTP & DE, but have not done the survival weekends. I guess there is new stuff smiling smiley. Thanks for the explanation.
Re: SLI on 233
September 22, 2013 09:56PM
SLI translates to HR or HRFP depending on the number of indicators showing
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