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The fact that you're feeling there were good long and short trades implies you don't have a proper plan regarding entry and exit. This statement of yours has been written in hindsight, at a time when you're already aware of the outcome. It might further imply that you don't really know what...

In case of QQQ it's 75. In case of GLD it's 130.

Here is the price situation for GLD. Here again the TL has been breached. Now TL is dependent on the person's discretion and the horizontal consolidations have more value than the mere visual breach of a TL. Price is 'not' dropping, which is an interesting clue as well. We simply stay...

The price is not dropping after reaching 130. It has started to consolidate a bit. It could be what Db calls The Dog That Didn't Bark. I would be either long or neutral here. Shorts are not suitable until price shows some weakness. These are one of those exciting time when the end of day...

You're most welcome to use the tick chart. Db I think also uses the tick chart for entry and exit decisions as well. The fundamental principles are the same regardless of the bar interval chosen. Gringo

Exciting!

Hi Niko, To me it looks likes your own analysis of the problem is accurate. You just lost focus from 9:45-9:54 and within that 10 mins or so span the boat to potential profits was missed. Concentration is the key word here. Maybe some sleep, fish oils, broccoli coupled with talking to a...

This looks weak as well. Of course I was just looking through and thought of putting some thoughts to the chart. I am not into trading individual stocks much but hey, the more the better. Someone could identify faults with my analysis and we could all learn something. Here's FSLR Daily...

It seems SLV is showing the supply to be taking over and possibly a short signal here. Of course price could reverse and hence one's plan regarding where to exit comes into play. I am talking about mainly EOD and the day hasn't ended. But it's something that would trigger an entry. GLD...

Hi Db, By preliminary support you mean around 21 to 22 range area where the volume is higher than normal? Gringo

Here's the daily chart for posterity. It's easier to see the current price behaviour using dailies instead of the weekly. Most post in this journal are shorter term and I am not even sure I should be posting in Db's journal but then again, I know he'll cut me some slack as he always has in...

SLV is bouncing from support at 18 from 2010. It has also broken the supply line and is trying to get to 20 or 21. Will price be successful in getting there? We don't know yet. The only thing we do know is that it's time to pay attention. 20-21 could be an opportunity to re-short...