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In my eye the volume bar charts show changes in momentum real nice... something I look at as we approach s/r levels.

If you are trend following on the Daily chart you would have been wise to exit at 4,500. Yes sure this is all in hindsight but most of the trends end similarly. I am sure the 4 hour chart would have had negative divergences to warn you to tighten your stops as well, but i dont have the chart...

Are you suggesting that the index's will reverse a 10 year trend over night without giving a chance for longs to get out?

As far as im concerned there are three phases of market action. Accumulation, Distribution, Momentum phases (trend) as we break out of these areas. The art is in reading multiple time frames to understand whats going on and which timeframe is in control. If you are only looking at 5 mintute...

I have no intention to read his work was just curious if there is more to it than just bar by bar.

Does Brooks talk about Market Structure? Context of larger time frame etc?

What I am seeing is that the bull's defended the accumulation (range) that took place in May. Unless we go down for another test of 2740 and exhaust the buyers there, we should be seeing higher prices as the trend is technically intact. I am not looking at short term charts, more Day, 4 hour and...

Good luck, I think we will be seeing 2800 in the near future.

I cant help but think of the May 29th scenario when looking at what happened over night and what is happening right now.

We are at the support of 2740... We better hold this level today.

Real estate can also pose serious liquidity issues depending on where you buy. Also transaction costs are heavy (mortgage penalties, legal costs, land tranfer taxes etc.).

I wouldnt be able to sleep at night if my entire networth was riding on one position. Diversification for piece of mind!

The more interesting aspect is where this spike stopped.... Its a classic test of the distribution which ended around May 22.

Ye it looks like we are losing some momentum on the longer inter-day time frames like 1 hour and 4 hours, but this can mean nothing, the trend looks pretty strong on daily. Will be interesting to see what happens. I am holding long from June 4th when we broke out of the range from may 14 - June...

I'm thinking we can see 2740 test before we head higher....

Just because the market trades 24/5 doesnt mean there are same levels of liquidity throughout the day. What difference does that make anyway? Last month euro/usd was in a downtrend for a decent amount of time but in your journal you were taking longs of the 1 minute chart... Did you even look...

I agree with you when it comes to super short term trading where you have to over come trading costs and use tight stops... but for longer term position trading in stocks / stock index's which have an upward bias over the last 100+ years, I can see how Risk and trade management is pretty much...

I agree, to trade successfully on 1 minute charts only, like trader god is doing you just need to scalp small rotations, which is not a high r/r game, but you can get a high percent of winners but you will get chopped too if your stop is too tight. With longer time frames, you can get bigger...

Is high r/r even possible on a 1 min chart?

Seems to me like all the dips in gold are being aggressively bought up. they wont let it go below 1290 for almost 3 weeks now.