Search results

Yes, 91.5 seems a bit late but then again, it's better than following a moving average. Niko, is on top of the game today. Gringo

Oh Niko. What a beauty!

I see. The NH to 3400 created the new DL and from there onwards the first RET came yesterday. Gringo

Short initiated in trading range? With 60 as the lower part of trading range. Was the fact that price couldn't reach the top of trading range as a sign of possible weakness? I am talking dailies. The reason for of exiting it is understandable but the entry itself is unclear. Gringo

I don't think Niko has a rule that gives an entry based on fanned DL/SL. It probably is an observation on his part leading to a lack of entry on account of not having a RET. Niko will probably correct me if I am wrong. Gringo

Db, would you consider 61 to 70 to be a possible chop range?

Visa might be in a position to go down here. There are earlier signs of weakness in the XLF. Of course there's need to stay vigilant and there may be other better stocks to short but I pay attention to stocks just for fun and just picked one of the most obvious stocks. The 200 level is...

XLF couldn't stay above 20.75. It is intermediate term in an uptrend but there is an air of shift in the wind. Of course it's an early stage but weakness here could mean price possibly going to the bottom of the trading range. If further strength is not coming then this might be ready to go...

Sorry Hooti, I wasn't watching at that time. For those new to this the DL break is a reasonable exit. Later on as Db was telling Niko, one could choose the swing low or some combination of criteria for exit. I probably don't exit right after the DL is broken. I want to see a significant...

I am not trading intra-day. I post for your guys so that you can bounce ideas against mine. I have no plans to trade intra-day in the near future. For me slower is better and more relaxing. Gringo

As Db had noted somewhere: Find reasons to stay in.

Up move seems like movement through goo.

Possible TR. Gringo

The law of supply and demand holds in all markets as was stated above. For the Fed to buy someone else has to sell. Some groups believe the longer term outlook of US is looking bleaker as time goes on. The truth or falsehood of this view is not relevant. What is relevant is that if those...

Price is in a trading range. Although it is slanting the weakness hasn't been strong enough. The support of the trading range hasn't given in. The error was not only in jumping the gun, but also in seeing what wasn't there. When and if price weakens we'll all know about it and then I would...

tradingjournals, What you have written actually may be quite valuable. Unfortunately in this thread what you have written is a bit off topic. Perhaps, if you could start another thread where those of us who like what you have to add might engage in a direct discussion, and benefit from it...

How about we all get together at the above location in a few years? Doesn't look like too bad a place to me for relaxation. Gringo

tupapa, You are right on all accounts. The bias got the better of me in this case. Right now I am not trading. Since the "Straight line thread.." of Db, I have incorporated the lines better in my trading and have tightened some loose ends. This for me is part forward testing and part...

The logo is impressive. The colour now is a reminder of a dull, cold , and cloudy day, instead of being bright and vibrant. It's more in the image of TL, than of a self sustaining and energetic ET. I am awaiting the option to change the scheme. Gringo

I believe you're right Db. There seems to be a small bias in my head towards the down side and it is perhaps causing me to find a reason to short. The lower high to me showed some weakness but my mind somehow gave minimal attention to the obvious TR that is in place. The short in gold might...