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Someone's fingers must be hurting after today's open :) The quick and the dead. Gringo

Oh no. That which shall not be named has in the past being named usually leading to greater debates, consternation, and abuse of the innocent. More likely than not the slew of accusations and counter accusations have been so severe that perhaps there's a reason that which shall not be named...

Huyang, Yes, this is a good example. The cleaner price moves allow a trader to make cleaner decisions. It's a hard concept to really explain but once you start to understand price movement you'll appreciate the difference. Gringo

Q's are showing first signs of weakness. This surely is early and the opportunity like this is for the bold and the quick. Risk is quite easily managed here and contained. Some would want to see the swing low around 78 to be violated first and then perhaps short when price retraces back up...

Today seemed like a template of a few major trend days we've hand in NQ in the past few weeks. Even if one doesn't know much about price just memorizing that behaviour should have been enough to get at least 20 points on NQ. Those who were faster probably could squeeze 30 or so points just by...

Good work here. At least you are able to tell up from down and that's the hardest thing to figure out. You've been exiting at swing lows but that's a personal choice. The fact that you changed your direction the moment price indicated it wasn't doing what you had expected it to do and then...

This is the updated chart of SLV. It includes the explanations that were given a few posts earlier, to make it easier for those who may not have understood the point I was trying to make. It is clear that at times I am not clear enough. The possibilities of price going up, down or sideways...

You bet Db. When I read the questions I was like oh dammit. Now I got to pay attention to what I write next :) Gringo

game, Hugs and kisses to you! :D That's the way to get it done buddy. Gringo

Hi Heroic, Welcome to ET and this amazing thread. From what you have posted and the questions you ask, it is evident that you've done your homework. I'll attempt clarify my comments but you already have an idea why the message I am giving is a bit confusing. For SLV the trend has been...

Huyang Keep up the good work. At least you're reading and trying to incorporate new ideas into your trading. Just a small note that trading ES is a bit tougher than trading NQ, especially intra-day. For learning purposes using pure price action I would suggest focusing on NQ at least...

I agree with you Bob. There is quite a bit of gap between those who have and those who don't. For me perhaps the charity work that's getting reduced because of government intervention would be a better option than a blanket government decree that forces everyone to follow a path which later...

http://mises.org/daily/4434 Gringo

Price for silver has moved back into the trading range and appears to be poking above the supply line. This is going to need close monitoring for any further developments as the trend might attempt to change from down to up. If price gets stuck in the trading range we'll have wait for a...

The price for silver has shot back into the old trading range. This shows a serious intent of demand to not only halt the price drop from yesterday but to reverse it. Here's the hourly futures chart. Gringo

Here the daily chart for SLV. The general direction of price is clear but not the preciseness of it. Notice the gaps and the discontinuous nature of price on this chart. I may be tempted to start avoiding it because the best entries arrive while the market is closed. The only advantage is...

Sliver futures give much cleaner signals. I am of the opinion now that perhaps even to trade SLV the ETF, it might be better to pay more attention to the futures than the ETF market. It was becoming apparent for NQ and QQQ that NQ had better signals but it appears to be a general case where...

Here we zoom into the daily to see what precisely is happening. The major trend is still up, however are some winds in the opposite direction. It's not clear yet whether it's a bit too late for a short or we'll get another chance in case price rises again. Gringo

XLB Weekly. Materials. Price goes above the overbought position line. Then drops a bit. We are here trying to determine whether there's a chance of a further drop. Gringo

I would have exited simply because the price turned before reaching the previous swing high around 3228. Now, there is no restriction on re-entering. That's the whole point of exiting faster so that one can evaluate the situation and re-enter if the danger that prompted the exit didn't pan...