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Whenever price action heads into strong resistance or anticipatory breakout ranges, the volume dies down and ranges narrow. What has truly helped me during periods like this is focusing on stocks that can trade at least 80% of their 30 DAV. That's what I've been looking for in daytrading ideas...

The statement referenced trend. I too find many opportunities in breakdowns, especially the pullbacks. I'm finding more breakdowns and pullbacks, as price action tightens up in the larger timeframes.

LOL

Yes you're correct.

If you wouldn't mind, please add volume to this chart. Thanks.

I have yet to see someone state a clear distinction between the two. Here is the way I view and regard them: Pullback – Following a breakout (penetration of resistance) and breakdown (penetration of support) remorse will set in, the result is a pullback. The pullback is “complete”...

For a moment, stop thinking stocks and think selling your car... Bid=wholesale price, ask= retail price... Sell your car to the dealer, and you're selling at the bid price. Put a "for sale" sign in your car window, put an ad in the paper or sell it on EBAY...your selling at an "ask"...

Look at the MA as a trail from a plane: 1) Take off 2) Cruise at altitude 3) Descent 4) Landing Looks like we're at cruising altitude. Seems like we'll stay there (for "X" period of time), or land. You can always ascend to higher altitudes , but hitting higher altitudes will be...

spx daily

I don't see the SPX heading into "new" highs soon. I do what the market tells me, and right now it's telling me it won't happen anytime soon. I must tell you, the market has BS'd me many times, and that's what stops are for :). We broke below a key MA (the 50SMA) on August 1, and despite higher...

I understand that RH negative blood carries a higher price.

IMO the ES provide a lot of benefits that are not found in equities. I personally have no interest in trading the minis, I tried for awhile and just couldn't get into the groove. By trading the broad ETFs, ES, and NQ I found myself locked into the the trend of the markets themselves. I always...

IMO volume not only validates price, but it dicates price. OBV and VWAP are great indicators of volume bias. When I scan the very first thing I look for are strong volume deviations. I compare closing volume to the 30 day average volume, and I focus on stocks that had large increases or sharp...

Hey ADX, Good poll. I didn't vote because I do both. I started out daytrading, and started swing trading several years after. I find that after many of my swings begin to reach stop or target, they present daytrading opportunities. Daytrading those swing allows me to trade them with more...

No problem Oddtrader. :)

:)

What do you have when Phill Gramm and Marion Barry are in the same room? About two grams :)

"...the men who can manage men manage the men who can manage only things, and the men who can manage money manage all." Will & Ariel Durant, "Lessons From History". Nice signature.

Ahh, I see. Through the use of a daily trading diary, I keep a log of all the reasons why I succeeded or failed in a trade. When I say success and failure, I'm talking about whether I complied with the my plan for each trade. An example of one reason for failure is cutting profits too short...

CNBC is owned by GE, and of all the publicly traded companies, they are the largest holders of public companies. Is CNBC's coverage of the markets skewed or slanted to some degree? Most likely. Neil Cavuto was fired after he took his grilling of a CEO too far (perhaps it was one of GE's...