wahdatw
1) Sector of consumer Discretionary took my attention as it had a robustly weakening 0D pace and in the past 3 days it dropped from top 10 best performing to 5th position. 

2) Under-performing industry and a weakening pace on 0D as well. 

3) Vital stats shows it is a star candidate as it is overvalued and is negative on Qtr-0. 

4) ELY daily charts shows LH-LL and a reversal from trendline - surely there is a short signal on current candle. 

5) Weekly candle is bearish but not magenta ??? 

sector.jpg  underperforming industry.jpg  Vitals.jpg 
GWF.jpg  Chart.jpg 
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Sagar
In my view, there are plenty of CUE trades where weekly and daily both are aligned with the trade direction.

CUE guideline is to focus ONLY on those and avoid trades where weekly is not aligned, like in case of $ELY. 

That saves time. Probably saves money too (on trader's own trading account!).
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wahdatw
Absolutely. That is exactly why I have put many question marks on the weekly. That is an area I have few questions. Hopefully watching more of your training vids would clarify. 
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Sagar
In general, I would avoid shorting a stock that has weekly Backdrop bullish. There are short ideas where weekly is bearish. There are long ideas where weekly is bullish. I tend to prefer them more.

Of course, every trader may trade in a slightly different way - their own way. That one may cultivate only through practice. You are doing quite well, Wadi for a beginner in stock investing, I may say 🙂
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wahdatw
I am exiting this trade because it was not a proper setup. (in profit luckily). 
Thanks for the info. 
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Sagar
I am extending the conversation looking at what you did, Wadi.

What you did is the CUE approach. We may sometimes take a trade that did not follow our own plan/technique. That may happen as we are humans. And when that happens, the logical course of action is to correct the mistaken entry and exit the trade at the earliest. Often, the market will give us a second chance (not always though!) to exit with a small profit or loss. I always try to take those market-given chances and exit my mistaken-entry trades. And tell myself not to go through that again. And score my trade truthfully in my CUE Diary.

And carry on with disciplined technique.

That discipline is the secret of success once a trader finds a system that works for her/him (CUE systems for me).
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Rickbw
I have read this post after posting my thoughts on NE.  It is good to see others and to see Sagar's comments.  NE is also a risk trade due to weekly candle still as a cyan color.  I will not take NE as a trade.
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