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Red Tank, would you mind elaborating a bit?

What about these?

X, do you consider the blue trendline here to be of any interest? It's interesting that the SPX hit that trendline in late February and then broke above it shortly thereafter. But the Dow has still yet to hit its corresponding trendline (though March 16 was ~25 pts off so probably close...

Point taken on the low of day signal. I did not know about using big candle midpoints as S/R. Had I known about that I may have taken that one. Even without that it's something I should have spotted on my own. My bad there. I still don't see how my first short trade is especially high...

I was just using candle breakouts on the first three. For example on the first short, I entered short (in YM) when price traded below the low of the bar that touched the line. I exited when the bull bar broke above the mini-double bottom (or lower timeframe 2B) for a few ticks loss. My bad on...

Thanks X, What I did was take the upper wedge line and get its approximate value for today. I drew it on the intraday chart as a horizontal line (since it's derived from the daily chart, it will be the same price all day). Then I was simming it on YM trying to play bounces off the line...

X, today price gapped below the Dow wedge breakout line and then climbed back up to it. Since the line is based on the daily chart and runs back to December, I didn't try to draw it at a slant. I took the advice of Achilles in the other thread and I estimated it to come in around 13182.80...

X, I know you focus mainly on the Dow here but am I right to assume that you also look at the S&P when trading? I have noticed there are situations where one index hits a level and another one doesn't quite get to it's corresponding level, or overshoots it. Just wondering if you would...

Thanks achilles, that makes perfect sense. Actually I had noticed what you mention, but didn't think that it could be the culprit. I'll let the thread get back to business as usual now... :)

Just curious.... do you guys ever find lines showing up in different places on different chart services? For example I find lines drawn on daily charts will often "snap" into a slightly different position when I go down to an intraday chart. TOS has been problematic in this regard and I'm...

I noticed 3 cost basis errors on my Schwab 1099, the total of the errors is 7 cents in my favor. So if I used the broker numbers the IRS could come back and say I owe them 7 cents? lol After looking again I notice these shares were purchased in 2009 and 2010, so the cost basis is not...

I've noticed a discrepancy between data vendors for Fridays SPY chart. Everyone shows SPX cash having a doji day, closing higher than Thursday's high. Some data vendors show SPY as having a doji day, but closing in the lower half of Thursday's range. I've added a chart which shows...

I've never been able to do that in TOS. You can do it in stockcharts.com using a colon, for instance to divide the HUI by the price of gold enter: $HUI:$GOLD Only problem is if you're not a member you're restricted to 3 years of data and only 2 timeframes.

I'm still not quite sure how NoDoji became such a polarizing figure. Even in threads that have nothing to do with her.... her name keeps coming up! It seems there are very few if any shades of grey, you either love her or you hate her. She always conducted herself in a professional manner...

X, from what you show on the 2 hour chart it looks pretty clear. But from my perspective it would have to be traded on smaller timeframes, and I see you make reference to that in your post. Glad I'm cleared up on that as I was thinking you were presenting a way to enter/exit trades without...

LOL - glad to know I'm not alone! When I first got interested in day trading a couple of years ago I was trying to do that. There was a guy I subbed to who really pushed the idea, but I couldn't make it work. Whenever I tried to ask him where I was going wrong I could never get a straight...

Are there some contexts where you use divergence on tick as a reversal signal? I know that's the most common logic when it comes to those situations, similar to the popular delta divergence.

Oh, I'm not trading this move, so wasn't looking for advice per se. Just trying to get a handle on how one would play these longer term moves on a real time basis. My own swing trading isn't all that precise in that I don't pay much attention to individual bars... so just seeing if I could...

Ok, so if someone is short they would exit the short if price closes above the high of the large red down bar. From there, it would be long on a breakout above the recent highs or short on a break below the Tuesday low. Is that right?

Was this a sell signal on the Dow?