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Horton, I have tried to quickly add some comments to your chart. The important points are. Draw DL/SL lines a bit closer to the price. They should be hugging the price so show you the demand and supply dynamic and not be treated as a trend line. Notice your resistance line is...

1M is a reasonable goal. I wish you all the best. Gringo

Millionaire within a year or two. 10-20 million in the next few years and then onto 100 million within a decade or so! Perhaps it is what we should all aspire to, however the reality may not be so acquiescing. There are loses and then there are times when market goes dull. It's not always...

Hooti, Yes. Both public or private postings are fine, however, posting publicly has more of an emotional impact. I have noticed sim trading doesn't involve as much of stress as the live trading, but having publicly posted, one experiences a kind of emotional pressure that's a bit more...

Fortydraws, Don't worry much about volume. I use volume to keep myself alert about the intensity of the trading but not for making entry or exit decisions (mostly :)). This doesn't mean volume is totally useless. I learned to read price only after Db came up with the revolutionary idea of...

Hi Binot, You keep the weekly and daily bar intervals in mind when looking at your hourly and 5 min price charts. When and if the price starts entering a congestion area where the weekly sand daily bar intervals how there was a change in direction or some kind of support/resistance, you zoom...

Good one! :D :D

Ballmer probably has mixed feelings. Probably feels less than pleased that his retirement news caused such a jump in stock price; and probably feels less than sad that his own net worth went up with that same jump in stock price. Gringo

Price has left the congestion area and is moving up again at rapid pace. SLV Daily: It didn't come to my mind to alert earlier as this opportunity could have been used to add to position or initiate a smaller new position. Of course now it's a bit late and perhaps a retracement of price...

Oh! I had missed that detail. Nice catch Db. Price has in the past played around the mid of the trend channel quite a bit and overcome it over the 4 years. Are we to assume that the lack of strength to go above the mid is a sign of weakness on part of demand? This message would certainly be...

QQQ Monthly shows the path price took over a decade ago. This was the Tech Bubble era and the prices we are reaching now are approaching and into a potential danger zone. There may be turbulence around this altitude. QQQ Monthly: Please note that the bull market started in early 2009...

QQQ Weekly: Gringo

QQQ has been acting weak since the drop. I have noted on the chart places where the signs of weakness became more visible. The longer term trend is still up however on daily there are clear signs of weakness. The permanence of this weakness is debatable but for our purposes it's wiser to be...

DL break shown here.

It's close to 11am so time for rest. Generally speaking trading slows down around this time and signals become less fluid and more choppy. Gringo Edit: DL is breached so the slow and greens can exit too.

Around 3102 price is having some trouble stalling. It's not visible in bards but in the slowness of the movement. I would take some profits here even before DL is breached just to show multiple ways of controlling risk. 10:57am

Now we have a demand line (DL) as well. So for even the greenest of greens who can't read much price break of DL is a signal to curtail the position of exit it outright. There may or may not be any profit based on where one entered but the trading is consistent and the fear is reduced...

No Niko. It's to show price can be read in RT. I like EOD trading. This intr-day is a bit too focus consuming for me! It also shows that it doesn't matter what time frame one uses or bar intervals, reading price is the same. Gringo

Price shoots through the R around 3100.

Price is just consolidating around 3097. May push up beyond 3099-3100 area or start dropping. I am not much of a fan on intra-day and my head's already tired from typing and looking at price and also being at work doing other things. The thing to note is how the lack of drop in price...