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Price refusing to drop and bouncing around 3095-96. Shorts become cautious or exit outright because it didn't go down as anticipated.

Looks like a short now.

Don't know. It's the way price is moving that matters. Hinge, wedge, triangle, sqashed square on the right side. Price starting from wider swings in getting tighter and tighter and that's all you need to know. 3099 was rejected. If price fails again to go above 3099 or 3100 it would show...

1-min is showing a hinge. Is anyone going to play it! Gringo Edit: The breakdown failed so lets find out if there's juice to the upside.

YMOCA, There's nothing wrong with exiting where you did around 80. In fact for those who are new to pure price movement at times it is better to be free from the fear of price going against them. Once you start getting more confident about your abilities the giving back of some of the gain...

SLV has gone up reasonably well and may have lead to some profits for the alert. Surely this doesn't imply I am some kind of a genious but I wouldn't dissuade you from holding me in that respect :). The price now is consolidating in a tight range. I wouldn't have been surprised to see a more...

Niko was also trading crude oil at one time. I am not sure whether he's into it or not anymore but wouldn't harm to get some input from him. I think his reason was that on days NQ wasn't moving crude might provide opportunities but as time went on I believe he started getting distracted as to...

Is anyone even looking at the charts you've been attaching with your daily recap? You clearly show your entries and exits on your 1-min charts and this entire thread mainly shows how to use a 1-min bar interval (except for some dinosaurs who use longer intervals). Leaving that aside your...

Booo haaaa haaa! Forty's been jinxed! :) Gringo

I remember that exciting discussion when some newbie named fortydraws boldly claimed to want to get profitable within six months or quit, and all the commotion that statement caused. Gringo

Hi yertleturtle, Db trades for the first 90 - 120 mins of the trading hours when the activity is the greatest. Most major moves (although not always) occur earlier in the day. This allows him to intensely focus on for a relatively shorter period of time and fulfills his profit criteria for...

Fortydraws, I am beginning to believe that it's far easier to start well than to unlearn all the garbage. About a year or so ago when you started this journey it was evident you had extreme focus. Something I had not seen to that extent before. Yes there have been dedicated people around...

Painful to sublime; emotional to automatic. Does it matter? Although the old school rumours go from dropout to doctorate. Enjoy life, cooking, feeding birds. Try to help other losers from becoming perennial losers. Yes, and no. I am not sure if it's technically a book. Too...

FSLR had bad earnings and dropped. I wasn't playing this and don't play earnings but the weakness was becoming evident two weeks ago. http://www.elitetrader.com/vb/showthread.php?s=&postid=3847525#post3847525 Here's the current FSLR chart: Gringo

I again see strength coming back in SLV. I know I have not given a conclusive position, but the analysis is the result of how price is behaving and at times signal become uncertain and appropriately the exposure needs to be reduced. For now SLV is again showing upward strength and also the...

Hi Forotydraws, Your entries are impressive, however, your exit at perceived support might be something to look at. Was it just because price bounced at potential support that you exited? Seems that way. With perhaps some supply line infused in here it might get better. You have the...

Hi Fortydraws, Db had told me some time back that he preferred arithmetic scale over log scale. Gringo

Today price didn't continue upwards as I had anticipated. This lack of follow through is in my eyes reason enough to reduce the exposure. This means further weakness might make me exit the entire position and further strength might make me re-enter. Price for now seems to like 19 area and...

What price did years ago gives us a context and a heads up to be alert to potential changes around previous levels of congestion. Entering the previous congestion area doesn't imply the repetition of previous behaviour, and in this case another congestion. Now price could start forming a...

SLV has breached the supply line and has had a steady retracement. Retracement isn't a hard and fast always guaranteed to be exactly leading to a test at previous low thing. It's here we need a bit of screen time to at least have some idea where a reasonable entry may exist. I am of the...