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107.75 wasn't much of a hindrance for demand (less optimal area). Price has gone up strongly and 109 region is up ahead. If price weakens around 109 or thereabouts I have plans to enter a short. The stride has been steady and upward, and demand has not let up this trip around. If price chooses...

FB has in my opinion had a BO above that small trading range. If price cannot continue up after this retracement and falls back into the trading range, it might be a sign to avoid the longs. The volume is markedly lower but I pay less attention to it anyway. I am not interested in trading it or...

I show my entries and exits quite regularly. If I decide to enter it will most likely be posted here. I only have one scenario planned for this level, not two. I am a Scribbler, hence, SLA-AMT is my modus operandi. Gringo

So what you are saying isn't that those levels or areas where the finger was pointing were bad, just that you are not comprehending how either long or short are picked?

But you started this in mid March. You're already onto forward testing? I mean...what...hmm... just four weeks and back testing done! Huh! What! ... Liar... :)

QQQ Devja Vu continues. I have delved deeper to see how this would play out if we were in fact having a deja vu. This of course doesn't mean it's going to happen this way or that I am privy to some Fed insider information regarding the market. The market might very well stabilize and breakout...

In other words SLA-AMT document has already taken all this into consideration and given a working plan using hourly bar intervals that just needs to be used at Weekly/daily extremes of TC or TC. Quite a few examples are also available in this thread. I've looked at the hourly from 2003 and by...

I was spending some time with the trading ranges from 2003 to 2007 bull market. The ranges were there but weren't as easy as they have been recently. There were times when the price turned from the median and there were times when the price started basing. There were also times when one had to...

Would a PhD in Psychology ease your concern? Gringo

Q's and currently what I am looking at. The complexity has increased a bit due to TR and other TC also becoming apparent. I have added the downward sloping smaller TC and also a horizontal dotted line to show where the previous consolidation might come into play. I'll be keeping an eye on...

This point can be illustrated more easily by talking a bit about correlations. Star alignments (based on their own laws) can happen to correlate with market movements. It does not imply that star movements are causing market swings or market swings causing star movements. These correlations may...

BBRY is moving around in the trading range. Beware of the middle. Gringo

XLF is going strong but it would be wise to stay alert here. The red angle of ascent may look different in both charts but the information is still the same. Gringo

And "Winter is Coming". So is May.

I also had been eyeing the downward sloping channel but the thought of having to explain the two channels and the TR and the why was just too much. It's not as bad for me mainly because most prefer intra-day, but the are so many now who disdain scribbling. It was never that easy to 'get it' and...

I have been looking at the price behavior and had this deja vu feeling. For an interesting comparison I have done some labeling. Isn't it eerie? Just a reminder that my trading decisions aren't made based on the previous trading range or behavior. Decisions are made based on current behavior...

So I don't have to see price bars through the blue. Rectangle could have ended around 99.39 or thereabouts and it would still have been fine. Vicinity is the key, not razor sharp exact level. For precision lower bar intervals are used when price gets close to the extreme to see how the demand...

Wonderful work Lajax. Your focus and determination is something to look up to. Yes, I had been using my new Scribbles avatar since the morning as well. The ranging is over for us and the trend is at hand! Hinge alert! Gringo

If price hits 5010 on some index and goes down, using any bar interval, be it 1m, 2m, 5m, 1hr, 5hr, day, week, or month will still show 5010 as the top before price turned down. None of the intervals would tell whether it is a top in advance. It could be only a pullback but not a full fledged...

The future is unknown. That's the synthesis of all this inquiry. Certainty isn't in the market, and can only be hoped to be attained in our actions. In other words, actions can have certainty but not the outcome of those actions. Knowing where and when the ultimate reversal is is only...