Search results

When price moves up or down, it's called price action. There are traders who make decisions based on that price action without resorting to exotic moving averages and indicators. These elite traders belong to the coolest of the cools for this rarest of the rare ability. There are rumors...

Price has broken out of the hinge to the downside. Price is slamming the potential support which is also the last swing low. Hinge play is tricky and price at times fakes a break out and turns the other way. For now price is clearly hitting the swing lows and we'll have to see how much...

Trade.Fighter, You are right. If one has a plan to trade within the the hinge then who am I to object. Gringo

Oil is still within the hinge. There isn't much to do until the price leaves it. Gringo

QQQ is showing a small hinge getting formed. The price is neither dropping nor rising and the resolution of this (potential) hinge might give a clue as to the direction. Price is hovering closer to the top and price hasn't gone down to test the last swing low around 78. This shows that supply...

SLV has started to move above the tight consolidation. For the first 15 mins or so after the open the price was up about 1% giving those who had stop buy-ins ample chance to initiate the position. For some reason after that the price just shot up about 1.5%. I don't follow news so don't know...

The "Candle Maker's Petition" is a satire of protectionist tariffs written the by great French economist, Frederic Bastiat. In many ways, it expanded on the free market argument against mercantilism set forth by Adam Smith, but Bastiat's target was government tariffs that were levied to protect...

Why not take this 1M to 10M in the next 5 years? No one to put pressure on you. Are your strategies viable in a bear market as well? The last 5 years we've been in a bull market and you don't want to get a hit when you're trading with 10 to 20 times more capital. You might adapt eventually...

XLU has quite an interesting price behaviour. The trend for the utilities has been up since 2009 so we're in a bull market for this sector. There's also this visible hinge forming. Now the hinge apparently is quite normal, except when one looks at the volume. Having a hinge allows the supply...

I believe the point you're making took one good night's sleep to seep into my skull. It's becoming clearer why the days were calculated. Thank you. Gringo

Back to price and volume. Trade what you see.

With ADV 31 days to accumulate the float. Oh Db, what would I do without you :) Gringo

Daily Volume: 4,906,261 90 Day Avg. Daily Volume: 11,288,826 So daily volume is way lower than 90 day average daily volume. There's no intensity in trading and still price is moving within such a tight trading range. If either the demand or supply wanted to take over it is an open field...

I am moving this talk of Gold, Silver and Indexes Using Price Action to this new journal. It's to keep the focus and not hijack other threads. SLV is shown here. I have on purpose removed some supply lines to focus a bit more on what price actually is doing instead of getting lost in the...

Shares Outstanding: 354,450,000 Gringo

SLV is shown here. I have on purpose removed some supply lines to focus a bit more on what price actually is doing instead of getting lost in the lines. Lines are awesome for trade management and even before but one can't overly rely on the lines to make all the decisions. At the beginning of...

game, Your early day escapades were beautiful. It's good to see you're beginning to enter at the appropriate time and even the exits weren't bad. The shorts were a bit messy but lets just celebrate the longs for now. Gringo

I would point out a few things regarding the price action. One is to pay less attention to the diagonal lines and more to the support/resistance lines. That would clear your mind and also make you understand that once an s/r is cracked it's not too prudent to keep paying attention to the...

There was a small RET after the hinge BO. Has anyone else noticed that the posting time of our comments to be posted 5 mins earlier than we actually post. I could seriously become a hindsight trader with a perfect record using this time difference. Heck I would even catch the small ups...

I see a huge hinge on NQ with 1 min bar intervals. Gringo