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Good looking bullish wedge on the eurusd pair. Would not rule out a stop hunt below the support line as it's looking too perfect right now, coinciding with the magnet support areas down below in weekly and monthly. Needless to say, great looking wedge but would feel more comfortable after...

I've never done it and don't recommend it, even if you plan on re-entering I think it's a waste of commission/spread. One pip in eur/usd is not as thick as 1 tick in ES and still on ES the smallest I've done is 2-3 ticks but just because I can't or don't do it does not mean it cannot be done...

For the most part I would agree except in this case the company consistently delivers. At the same time, it's P/E is far from ridiculous like in many many cases out there. I would much rather short something with less than stellar books, place the odds in your favor. In my opinion, only...

A bear flag is a continuation pattern but here's the thing about patterns and technical analysis. Most of the time, it's got something for everyone, bulls and bears. If you are bearish, you will see a bearish pattern, if you are bullish, you will also see one. Trick is to analyze the charts...

Speaking of seasonality. End of the month / beginning of the month cycle, statistically beats buy and hold for positive displacement. Just another probability to complicate things even further.

Chart is a little crowded but the bottom alternatives are numerous. Perhaps Ammo's "oversold" signal can be matched with one of these areas for a potential bottom. Easiest way to confirm it is when the support area holds and the very next resistance becomes support, nothing of this nature...

To the person who requested eur/usd.

A revisit of the monthly SPY. Cyan as support = Potential breakout, first attempt failed, but that's usually expected of first attempts, as it is commonly said the second mouse is the one that tends to get the cheese. The right shoulder was already "disrespected" but by coming back into the...

I believe I posted it yesterday, if not, I fully concur ammo.

An important higher low was plotted today and price made a statement by reacting well from that area but the bulls have the hard task ahead of taking the right shoulder marked. For the time being, support is holding but so is resistance. However, leader stocks like Apple are hinting signs of...

If it tests 1100 this year I would buy it with both hands + leverage.

Best wishes for a speedy recovery.

Strong support tested on SPX.

Bear party probably ends here or pauses. Quite the significant support area diagonal support like this dictates market trends. In fact, the area is strong enough to take market to new highs if enough patience is obtained. You got a retest of the old now broken downtrending line plus a...

In response to the question on the topic... Because it is not intuitive.

The most precise support and resistance levels do not come from computational values but from discretionary selection.

The yearly has not done an outside bar in more than 3 decades. If you see it below 1100 in 2012, buy it with both hands.

SP500 at a critical area. Monthly right shoulder re-test from above.

Absolutely, the big guys scaring the little guys, happens all the time.

I use price it oscillates up and down just fine and it's very fast anything representative of price will be slower, forcing you to use bigger stops, buy higher or short lower. You already got slippage, commission and DOM errors to worry about least you want to do is use inferior signals...