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You're probably right. What I meant to say was that generally speaking when a major move is in the offing, the leading stocks and indexes show strength together. It's a general observation but not something tested. I would assume that the index is made of the stocks and if the indexes is heading...

Beginning to deploy shorts. Price is around a danger level and demand is a bit lazy, the way it's jerking up but not with conviction and stooping .... and may be about to give up .... and there is weakness. NQ 4539. 10:07: Recovery is quite strong. I am out. 10:35: I hope traders are paying...

Both AAPL and GOOGL aren't at positions to BO to new highs. They are kind of in the middle. Does that put pressure on QQQ (NQ) or keep it from pushing upwards? Gringo

No need to short as long as it's showing strength.

It is true that once the TC or TR extremes are not availed there isn't much to do. What scraps are available are less optimal and riskier. Faster entry and exit are needed to not get caught in the turbulent currents of the median.

I'll make you eat your words. :D

On the hourly the SL has been broken by price and a retracement is underway. The retracement seems to have occurred at a rapid pace when European markets opened. If price stabilizes above or around the 4380 - 4400 area and shows strength then an entry may be warranted. We are close to the double...

TSLA has already been close enough to the 260 level. I don't know if it's going to come back to test it again or head down. I am not a buyer at this level. It's either short or an avoid until the R is cleared. Gringo

It's just easier and less time consuming to focus on the index. Stocks are not bad but there's an extra bit of risk with earnings etc.

There's a difference between the concept of losing money on a string of trades, and the concept of losing money after a long series of trades. One is inevitable, the other an outcome of design. Everyone loses money. The trick is to know how to lose it well. Does making real money give one a...

The issue for me isn't in recognizing strength, it's mainly in waiting for a lower risk entry after a retracement. Not that the method is broken, it's just that under certain conditions the entries are showing up when the markets are closed. Someone using futures could have taken advantage of...

Looking to the left doesn't help, tho, when trading channel limits. This is an AMT trade.

I have taken long entries with LL before (e.g. BBRY last year) but the S/R was clearly visible in that case. I couldn't identify a clear S/R looking to the left this time around, as there was quite a bit of mess. TC bottom was there for the taking and TC's aren't bad for entries on climaxes but...

Yea. The same old ghost. It's good to have days and moves like these to keep one's mind in shape. Thankfully I am not shorting this up move. I did see the strong rebound when price regained 4400 yesterday. There was this frisky behavior so prevalent with solid moves, and the newer TC was there...

The kind of retracements I use for entry are occurring in the off hours. I'll be waiting for price to drop and get closer to 4400 before any longs can be initiated. The 50% mark around 4460/70 is where I am waiting to see if price weakens. So far the strength in demand is evident. It also means...

In 2035 I'll be writing the same thing, unless a mind processor of that time takes my thoughts and posts it automatically into other heads.

Gringo

I am finding it difficult to see through this mess. Sitting out and enjoying the view is what I am doing.