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I thought 9:33 was a SL break and then a Ret the next minute. The retracement and the subsequent rise were together in the same bar hence might have been a bit difficult to see. When I was looking at price the fact that price was having serious problems going down was an indication to stay...

:)

I don't consider the fundamentals. The chart of SAVE looks erratic to me. It is trending up but there are too many gaps and large wild swing days, which play with one's stops and mind. It's not a stock I consider buying, especially considering there are so many better options. Gringo

Delta Airlines is showing a consistently strong up trend. The demand line or could be considered a trend line is intact. I don't know but this airline seems to be doing well. Gringo

I don't think one waits for a Ret in case of trading a range. One's trading a reversal in that case. Breakouts, retracements, and reverals. Db has been advocating mostly retracements in this thread. If a defined range is in place perhaps one could attempt reversals. I am not a super...

I know what you mean. Up until a month or two ago I would steer clear of gold at all costs. It was one of the most convoluted movers. Although now it's getting better, thanks to a better plan and consistent thinking as a result of it. As I wrote earlier the past few days were a bit tricky...

GLD price move has been cooperative so far with our earlier assessment. GLD was taking a little bit of a breather but has continued downwards. Althought that little congestion might not look threatening I was acutely attuned to price taking a turn up from there. Those who have less fear issues...

I would advise you to read DbPhoenix's "Son of If One can see a straight line" thread. It's as simple as it's going to get. I am more of a practitioner who's incorporating some new things from that thread into my trading. Although I post comments here, the entire logical reasoning behind the...

The entire clan is coming together. Welcome Boru! Gringo

The trick here is not to be long. The initiation of a short depends on whether a person prefers breakouts or retracements. Gringo

Worry not my friend. Believe in the line. The line tells the truth. There is only one truth, and that is: Break of line and Ret, and we are in business. Just remember: No forest from the tree No land from the sea To guage supply and demand Only a line all we see Gringo

Is this what you meant Db? Price still being almost around the mean? I had forgotten about the larger TC. The tighter and more recent became the object of my focus. Although the short isn't bad it's still not where I thought it was in relation to previous price movement. Gringo

Yeeeee haaaaawww!

XLB couldn't continue up after DL break. It is showing weakness. I would keep an eye on it if someone likes trading sector ETF's or their underlying stocks. Keep an eye on 43.5. If demand gets strong there then feel free to take precautions. For now weakness is in the air. Gringo

I don't know if anyone remembers but in 2008 or early 2009 there were days when the index would drop 5% in the day and before the close would be up 5% for the day. Comparing today which seemed like a long ride, that would have been so crazy I have trouble imagining. I wasn't trading at that...

Good to see you in action my friend. :) Gringo

I am not kidding how many times I had gone long on days like these in the bad old days. Someone always gets their guts pulled out after a trend day like this.

The awesomeness of this is that we're able to do it without Db! Not that we don't need his advice. It's that some times it feels good to be free.... :)

Let the chop come. Every chop is a door to a trend in the offing. Gringo p.s I might get famous for that quote! :D

Price for QQQ has broken through the support. Even if one is not eager for shorts it is wise to curtail the longs for now. I know there have been a few false alarms on my part before, some due to my errors and some due to market just being the market. So here I am again head bowed and...