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Just draw a straight line; either a demand line or a supply line. Then focus on what happens after its break. Does price continue in the new direction or does a retracement takes place.

It's doesn't make much difference how precise the formula is or even what it does. When credit is expanding for every dollar in the economy there are multiple of credits created leading to greater a number of investments. This causes the expansion and as credit histories become stronger due to...

Niko, You seem to have learned from the late night discussions about entries :D. There was a moment where you sounded Dbesque. Gringo

Talking in general. I'm attempting to answer Db's questions starting from the DL break.

I assumed the price had to fail first to confirm that it was a retracement. By fail I mean supply re-asserting itself while price was on the way up. Without that failure price could very well go straight up to new high. What is a retracement? It's the rise in price that followed the DL...

Re-enter if already out. Get alert for exiting if still in.

I'll be looking for when the halt in drop comes or whether it's accelerating.

Price would keep dropping if sellers are in charge or move sideways if not so?

In reality I look for whether a S/R is somewhere on the left. But for this thread I am assuming we're disregarding all that and focusing only on supply and demand lines. In this case I might look for a re-emergence of demand, and a subsequent rise?

Speed of the decline, by looking at the slope or SL? Gringo Edit: These questions are not only for Niko to answer. They are open to participation for those who seek to find out what the Matrix is.

What difference does this insider trading make anyways? All trading leaves a mark on the ticker, and all a trader needs is to pay attention to this supply and demand dynamic, and take advantage of this trading by the early birds. In fact, it actually could be an advantage to enter on this...

Db, You're officially a minimalist. Gringo

Almost everyone doesn't have trouble carrying out the plan, simply because almost everyone doesn't have a plan. Those who have borrowed someone else's plan have trouble sticking to it because they are not convinced enough from prior testing, if any, that it works in the first place. Their mind...

Now you know price has gone up quite a bit. You also had a DL from 8:40 onwards. Start paying attention to that DL now. Price also for now closer to 10:56 having trouble continuing up meaningfully. It's still in an uptrend but the up wave is shorter and price drop is steeper. So stay alert...

Niko, You'll never know for sure whether the pullback is a deeper RET or a reversal. Pay more attention to S/R levels and price going against your position closer to that level calls for more caution than a pullback in the middle of a trading range. To avoid all this use SL/DL and exit when...

Silver has dropped down quite strongly after a show of strength two days ago. This behaviour has been quite baffling and unsettling if one's been trading. This actually has been my fault in not properly asking the appropriate questions. These basic questions form the foundation of price...

I am not interested in playing individual stocks. Still I keep an eye on them to ensure I am able to handle them if need be. The reason for looking at two big tech stocks was to put them in perspective in relation to XLK. In case of AAPL were I playing it I would just follow price out of...

Apple is another darling going through some rough time. There appears to be a hinge forming and it's resolution might give some indication as to the direction of price. There are a lot of conflicting signals for AAPL. To keep things in perspective the most recent action is the creation of the...

Google is in a trading range. It's coming down to test the lower end of this range. It's interesting to note that price wasn't able to reach the up end of this range before turning down. It's a sign of a bit of weakness in my opinion. Whether the bottom of this TR is breached is another...

Technology, although in an uptrend is showing some signs of reduced demand. Price has been hovering around the mean (grey dotted line) for some time and mostly on the lower side of it. Now price is falling below the previous swing high. It's not a sign to go into panic mode but something to...