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Look at that up move. Isn't it awesome to exit when what we anticipated didn't happen? I mean forget about the fact that we were wrong. The fact that we were wrong, and still didn't get punched in the face by price, and left on our own terms, saved us quite a neat sum. Don't you love demand...

No stature in my case. I do it to keep my mind sharper, so that when I look at EOD I am like the One. 1009: Too long. I don't like this not moving in my direction. out. EOD talk: We've already had a DL break in Q's and this is the Ret. Could turn into NH though.

1001:Another congestion right here? 1002: Here we go down. 1002: Serious breakdown again. Up is giving problems. LOLR probably down me thinks. 1003: Ret after BO 10:04: We still have HH and HL, :). This is going to be tricky. (HL was faulty, didn't see properly. 10:04: Short. 1006...

Who's planning to play reversal at 13? 0952: BO!

Why? Because of lower congestion? I see a failure to go up. So why not short even if there's some congestion. But it's your decision of course. 0946: Price is going down but so slowly. 6.5 is not cracking. Getting ready to exit short if price starts moving up. 0947: Yes, the congestion...

9:42: We might have a short here.

Isn't the fact that we're in the middle of a mess enough reason to take it easy today? Why mess with market until it reaches an extreme? Gringo

Price has dropped below the last swing low. The drop has been consistent and quite straight forward since the short was initiated. It's been quite a few days since the signal for a short was given here. So far we don't have a signal for a reversal, so we continue with our short position...

Does it matter who's taking the other side of your trade for you to make money? Gringo

I look at volume but it's not a major factor in my analysis. In fact when Db had me focus on price without volume did my veil got parted. Before that I was just attempting to buy S and selling R and getting confused when it wouldn't respect the S/R. Considering you've recently started to...

I am planning to start training my 11 year old from Dec. I have a feeling it's going to be exciting. 1) First step: SL/DL lines identification. 2) SL/DL + Ret If the first two steps are achieved even in a few months, I'd think Db a success! Gringo Edit: Considering this is a "Son...

Db, you are a handyman. It's a lot of work though. Niko would grout for you for free for a chance to sit at your feet. :p Gringo

I'll have to think about this one. I would assume though that an open system probably isn't zero-sum. It would either be a positive-sum or negative sum based on net funds coming in or going out. But this is going to take some thinking to clarify even to myself. The individual group of...

Zero-sum game is based on the gain/loss of funds shifting from one party to another. Your assertion that they gladly accepted that loss to curtail their risk is understandable, but takes the gain/loss to the realm of the emotional state of the participants. A zen master might not care one hoot...

Company: Short futures + producing unit of X (which means more or less long X) You: Long contracts of X Price: Ends up $2 up. Result: Company loses on futures + gains on price of each units of X Net result: The gains coming from the rise in price of X are not materialized for the...

This looks like somewhat of a weakness to me. I thought 3400 was an S/R from the boxes posted in the morning.

I am not so sure where the chop is coming from. Chop is when an up move and a down move both with Ret fail. Did we have that today? Yes, I had to exit short but I was still awake as it was quite visible price didn't have the strength to go up and then another Ret or a drop after a longer Ret...

0939: Ret didn't go that well. Unless it's still the continuation of a Ret.

Keep the DL in mind.

Price for GLD is closer to potential support here. We had price rebound from here a few days back. The supply line has been breached alerting us to a possibility of trend change on the dailies. The trend is still down from our perspective but staying alert here is probably prudent. If price...