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And the 1min: The horizontal lines are not the finest when zooming in from the 5H to 1min. Nonetheless, they serve their purpose to showing where we are in relation to where the market is and has been. Gringo

Here's the 5 min: Gringo

Here's a view from a 5H chart. Gringo

Very nice work both. Db for saying something intelligent and Niko for having the sense to record it in an orderly fashion. The chart illustration with comments was a commendable effort. Gringo

Db has low tolerance for mediocrity. If you stay with only 20 point gains for too long, you might be demoted.

Today's 0930 to 10:00 down move from open looks so simple after the fact. Even though in real time it was quite a roller coaster experience. Especially noticeable is the shrinkage of the scale over time which makes those large moves look innocuous in hindsight. Gringo

Close to 1100. Db, the birds are waiting.

After such a violent failure and drop, price is having trouble going down after DL break and Ret around 17. Strange.

That makes sense. Lines in the head. :)

. The lower 50% was to keep track of the last swing down, from around 127 to 122. This 50% thing is a bit newer as I was using LSL etc to keep the price in context. So what you are saying is the larger swing 131-122 is more important than the one from 127-122? I am attaching the new...

GLD price has breached the SL. The 50% area was briefly breached but price couldn't stay above. The previous swing low is around 126 and is also a level to keep an eye on. In case we notice supply weakening or demand strengthening we might just exit this short. For now we stay and give price...

QQQ had price open at 82 but it didn't drop below it. Even if it had dropped for a few minutes that wouldn't have made much difference. Our short never got initiated, and the tiger never pounced on a prey. There wasn't a suitable prey within reach. What happened after the open is that price...

It was one trade day for those who give price some room to breathe. If one has a plan to exit right after the break of DL/SL then of course it's a different story. The point is to follow whatever one has planned to follow, and later identify the changes that need to be made. This thread...

JNK went below 40.4 three days ago, as was mentioned earlier. Those who were alert and interested might have taken advantage of this. Gringo

Tomorek, Price is having serious problems rising. After this steep drop it's finding it difficult so far to even show enough strength to get to the mid of the drop where you are planning a short. Do you have a plan to take advantage of price in case it doesn't even get to the mid and...

GLD could be shown to be moving within this trend channel. It's another way of looking at a slightly bigger picture and so far the downward stride price has been taking. Gringo

Q's have retraced and price is stalling in the vicinity of 82.5 that was previously a support. Now it's acting potentially as resistance. We don't know if price is going to drop from here but below 82 a short entry might trigger for me. There are those who'll question this due to...

GLD price is continuing down to new lows. We can draw another tighter supply line (SL - dotted) to trace this new steeper movement of price. So far we stay short until price gives us a clue that the momentum is shifting. That's going to happen when the SL is breached. Without worrying...

Niko, One thing is way better, and that is your execution. You're not second guessing yourself even though some entries may not be perfect. You're working and acting like a machine and reading price fast. That I believe is a wonderful sign and sooner or later with practice the refinements...

Loss: 2 ticks Profit: 10 points = 40 ticks. P:L ratio 20:1? I am not sure about my math but perhaps someone else can correct me. Gringo