Search results

shorts starting to head for the pay windows

Two big sto divergences on the daily on last two highs. Would't be surprised to see a retrace to low 2700s or below

Yes but you can't retroactively select 475.

:D

It's in a daily buy area but I am a little concerned about some divergent weakness.

George Lane had a lot more to say than that....BTW Viagra was meant to be a blood pressure treatment. Ya never know what uses a tool might have.

Range day consolidation.

There will always be time frame conflict whether seen within the context of price derivatives or simply as price action. One's plan has to decide on the time frame(s) relative to the rules of trade. As far as "oversold, overbought", by themselves they are largely meaningless as a sto can stay...

Yes and a hammer never built a house.

:D

Jaco's demise was tragic...great player and add Wayne Shorter and Joe Zawinul,,,wow.

This is something which also requires a definitive context. The great majority of my entries go in my desired direction after entry, however of these trades, some will result in a gain, some will come back and scratch me out and some will come back and result in a loss. Trade management is key.

Depends on what you mean by "turning point". If you are referring to picking tops and bottoms of significant runs, that's a tough game but there are some who do it well. Most of my trades are trend pullback entries and as such, I am anticipating price to turn back in the direction of the trend...

"Efficiency is doing things right; effectiveness is doing the right things." - Peter Drucker

"When in doubt tell the truth." - Mark Twain

"Do the best you can until you know better. Then when you know better, do better." -Maya Angelou

Population of each "City" should be population WITHIN the city limits, for NYC, it would be the five boroughs which is about 8 million. "Metropolitan" population appears to include many jurisdictions and townships.

Yep, Used to trade with a woman named Victoria Pearson (was an associate of Raschke) who used to say "support/resistance is meant to be broken." A trend by definition will break prior S/R levels or it wouldn't BE a trend.

There are numerous ways you can trail a stop and lock in profit as price goes your way, pivots, ma crosses, parabolic SAR and many others. But as Overnight noted, neither you nor I nor anyone will get every bit of every move. If I were you, I wouldn't take another trade until I had an exit...

"Philosophy is not a theory but an activity." - Ludwig Wittgenstein