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  1. Gringo

    The Hindsight Thread.

    Looking for an actionable call 6 hours later and in a hindsight thread is the height of foresight. :)
  2. Gringo

    switching gears to Price Action via SLA

    Slap is the word that comes to mind when the intent is there at the precipice.
  3. Gringo

    Gold, Silver, and Indexes Using Price Action

    Q is approaching the 50% area. This is more to see and gauge the strength of demand. Price weakening around here could imply there's potential to visit the swing low again below 105 or go below it. I am just keeping an eye on the proceedings as there isn't much for me to do until price shows...
  4. Gringo

    ES Journal - 2015

    There a 50% approaching around 4385/6 area. It may be more important for the turtle traders like me. By turtle I mean slower, not The Turtle Traders.
  5. Gringo

    Gold, Silver, and Indexes Using Price Action

    This threat is about indexes using price action, hence, a lack of indicators. If an indicator can predict what can be predicted without it, what does it tell us about that indicator? What does it tell us about the user of that indicator? The conclusions people draw from the same set of data are...
  6. Gringo

    Gold, Silver, and Indexes Using Price Action

    Waiting to see how far up the price goes before weakness re-emerges. If there's a chance to re-enter I might take it. For now there's not much to do. Eyes are on the 50% level. Gringo
  7. Gringo

    Gold, Silver, and Indexes Using Price Action

    I am not yet convinced of the strength upwards. The bounce after such a drop is expected in the absence of much supply. Exiting short simply meant the down trend may be in jeopardy but not that the upside was promising. Your entry might be right, but here's it's a matter of how much risk one's...
  8. Gringo

    Gold, Silver, and Indexes Using Price Action

    I have decided to be thankful for the magic and not try my luck further. Demand seems to not ease it's pressure. Even when the activity was low price wouldn't budge, giving an indication that perhaps there wasn't much supply coming into the market. The probabilities of a bounce seem to be...
  9. Gringo

    Gold, Silver, and Indexes Using Price Action

    Price poked the Pouch of Love (POL) and awoke the longing in the hearts of bidders. They were feverish with passion and wouldn't care what they'd have to pay to get what they desired. It's blind folly to restrain a lover under the spell of love. Touching the POL is known to arouse lovers into...
  10. Gringo

    Gold, Silver, and Indexes Using Price Action

    I am loath to putting the hatred in kids for reading price. With all the homework and other activities there's limited time to do much every day. Nonetheless, there's no hurry so I am willing to experiment a bit. I might open a private thread to garner input as this will be the purely SLA-AMT...
  11. Gringo

    Gold, Silver, and Indexes Using Price Action

    Just to let you know I've started training a young-ling at home. Age 12 years. SLA-AMT was the beginning and it seems to have gone over the head of the kid. Without the observation phase the kid is unable to see any flow in price and is quite lost. SLA-AMT seemed easy to me so I had mistakenly...
  12. Gringo

    Gold, Silver, and Indexes Using Price Action

    While some are busy trading intra-day, others are busy advancing human understanding of price behavior at a deeper and more intimate level.
  13. Gringo

    Gold, Silver, and Indexes Using Price Action

    Price is getting close to the Pouch of Love (POL). This POL is the union of two lovers called the potential support and the median. So far the behavior of the buyers has been timid. They aren't eager to bid up too much and are quick to withdraw their bids. Eventually though it's going to be a...
  14. Gringo

    Gold, Silver, and Indexes Using Price Action

    Welcome to the new world of electric cars!
  15. Gringo

    Trading the SLA/AMT Intraday

    You're right about straight line being simple. It's only a crutch while one's learning to see price in a different way. Whether it's valuable or not depends on how one chooses to use it. As to having capital first to make more capital, what difference does having a lot of capital make if one...
  16. Gringo

    Stocks Analysis Using Price Action

    TSLA Weekly. 180 seems interesting. Also notice energy and oil stocks as these go in tandem generally speaking. I have no plans on touching this. Gringo
  17. Gringo

    Trading the SLA/AMT Intraday

    I'm beginning to think this B1Sell2 is a bot. Same message is repeated on different occasions.
  18. Gringo

    House of If You Can Draw A Straight Line

    That short at 11 is interesting because of just SLA or paying attention to swing points. The point about a new DL after the small TR is something to pay attention to. I use guidance from potential s/r for cases like 11 but here there is no mention of prior s/r or anything else. Just following...
  19. Gringo

    Gold, Silver, and Indexes Using Price Action

    For Q the demand withdrew quickly, making the sellers chase bids, causing the price to fall. The anticipation here is that price might get to 105 within my life time. If that happens some sweets will be taken off the table. If price turns around and demand starts to assert itself we'll have to...
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