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Well, that was some quick money. Definitely could've let the short sit; really doubt ~48 is the lowest we'll see today, but price dropping so rapidly always makes me a little edgy. Will be on the lookout for a re-entry short at a better price depending on how things unfold.

I don't want to un-focus the thread with too much explanation of my personal methodologies, but essentially, I've found that all trends are composed of a certain chain of sequences. After these sequences complete, I start looking for signs of a change in sentiment. The up-trend had all of the...

I was a bit surprised at just how far the up-trend went today after I hopped off, but it makes for a good short if you are patient enough for all the momentum to be expended. Picked this one up just now; days like these really hit the spot. 2/4 for today, but the winners gained more than 5x...

What you see is just me being lazy. I draw the RTL first 100% of the time. When the bounds of a channel I've drawn are slightly pushed, I expand my LTL slightly instead of leaving it overlapping bars. Sometimes, instead of disconnecting the LTL and creating another one as shown on the left...

Here is another example just like yesterday of how trends commonly end with laterals. I had two -8 tick losers earlier this morning, but my third trade of the day was successful. I decided to exit at 47 as it seemed to use up a lot of steam just to touch my existing trend-line, but there's a...

I think this is a good topic that isn't talked much about for some reason. Here is a rough example that I use in my trading. I'll just refer to certain triggers / signals I look for as A,B,C, etc. 1. Monitor until certain context A appears. 2. For the window that the context is present, I...

My apologies, it wasn't my intention to communicate condescendingly. I've gotten similar feedback before though; the way I communicate must not translate very well via text. I took his comments in the same vein that you did, which is why I attempted to offer the advice to zoom out a little and...

@Eddiemora I'm not sure what is confusing you, but I saw the market basically open with a lateral that concluded the drop that began just before the close yesterday, and it's been a pretty straight-forward uptrend from there. If that confuses you, maybe you're over-complicating things and...

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Can't speak for GDX, but I've slowly been watching GLD creep into a good position for a long-term buy. Here are two of the scenarios I'd need to see in order to go long in the near future.

Thanks for sharing that. Good content on multiple levels.

I spend time thinking about life quite regularly. I think that striving to view reality as it actually is beyond the distortions of one's ego and living without the justifying of personal gain or release at the expense of the dignity of another is a noble calling. I can't say I've ever found...

What incentive is there for DB's "students" to post here and try to prove their case to you or anybody else? People who come across his material are either going to put forth effort to study, test, and come to their own conclusion as to its merit or they won't. There are four users of this...

For closure's sake: The short answer is that you present the bolded statement as a fact, but I think it is a belief, and one that I don't share. I think that the market follows a rational and scientific system of operation that can be observed and understood at all times. It was hasty of me...

I will try to be brief in my response to avoid potentially de-railing emini's journal down a path he didn't intend for it. Your answer was, in essence, correct. I also believe that the first case is much more likely to continue long. Your observation of the closes relative to each other was...

Differentiation is the process by which one learns to understand increasingly subtle dis-similarities between situations that first appear similar, and what they actually mean. Let me use an extremely course example to attempt to demonstrate what I mean. Let's say you're currently using a...

FWIW: Smaller intervals might serve the purpose of slightly reducing risk or getting a price marginally closer to the exact turning point of a particular trend. Even with a five minute chart, a skilled enough trader can usually hit reversals within 3-4 ticks in certain contexts as it is...

I agree with you on staying away from a short Gringo. Even at the minimum I think there is at least one more pair of Down/Up legs before we might start to see a more serious return to the other side of the channel you drew based on the behavior XLF is exhibiting at the time being...

Thanks for making this thread. It's a shame that the community seems to be so much smaller/inactive in present times. I feel like a lot of the older P/V traders are quite familiar to me even though they have no idea who I am just from reading the old journals so many times.