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I have a few millienial friends who are dollar cost averaging Bitcoin instead of the S&P... Some people are just silly.

IMO CL is setting up for a test of 2018 highs in the mid 70s. These low prices are a buying opportunity for oil stocks and oil ETFs.

Supply and demand aka support and resistance is life.

We are talking market making, not directional trading. From reading Larry Harris trading and Exchanges I understand that market makers hedge. What I'm wondering is how a market maker goes about unwinding the hedge. Are they fully hedged and will wait for original position to come back even if...

In the instance of getting picked off by an informed trader and your position starts to move against you, are you hedging right away? At what point do you take the hit on the losing part? Thanks

As a swing trader you would see that Monday low was tested over night. Then through the day there was sideways action and we held the re-test of the overnight low. You would also note that the sideways action was actually exhausting sellers above to allow for the big pop that came towards the...

Peak B on your chart also likes up with the bigger picture weekly swing high from Oct 2019.

This is not good I mostly trade the x2 ETFs. Hopefully this doesn't effect TSX.

I like this, its similar to how I look at the market. I consider this market structure analysis or trend analysis combined with s/r. If you pay attention to opens and closes at swing points on certain time frames you can get very accurate entries.

Are you looking at candle open / closes to identify significant levels?

Thanks for sharing Erin

I don't think TA is what moves the market at all. Moving average cross over or over sold RSI doesnt mean anything at all and doesnt make people buy or sell unless you are rookie that just read his first trading book. Proper Price Action analysis allows you to make an educated guess about where...

Ding ding ding But must have been the news since TA doesn't work

+1 to King Sisyphus. I had a very interesting discussion with him too. I do hope some of the people that ran this thread come back for more at some point.

Pro tip... Search Google trends for key word 3M

Its the dry summer season here so there is a lot of natural and man made forest fires around South East Asia. The PM 2.5 particles rise to dangerous levels and most people wear the masks and have air filters running in their homes.

I am in Asia and EVERYONE is wearing these right now. Specially in malls that a lot of Chinese go to. Its pollution season here so they are in high demand as it is but normally you see maybe 50% of people in masks, now its close to 80%. My brother told me in Toronto they are completely sold out...

Anyone loading up on 3M Company stock? They are the ones that make most of those masks everyone is wearing.

DON'T USE ANY LEVERAGE WHEN STARTING OUT!!!! I wish I took this advice myself.

Buying fresh highs Selling fresh lows