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Pretty sure it's the 50% rejection I mentioned that was similar to yesterday. I was writing my post and making my picture, and didn't see that DB already pointed it out until after I submitted it. The long probably wasn't so bad, but shorting right on potential support at 84 before we saw...

Here's a picture that might have made it a little easier on you. Deja vu from yesterday, same quick rejection of the 50% mark from the opening movement that turns into a good trade. I have the same problem, if I get sucked into a completely losing trade (price barely hits the stop then...

To elaborate: It was clear that niko and I were missing a full understanding of the S/D dynamics at the time of the RET, and DB alluded that a correct perception of the context would've kept us in the trade. One can clearly see that our exits on the RET were premature, but I am uncertain...

Okay, thank you for the feedback. I didn't initially think to view these things as a function of my internal confidence level. If I had to assess myself, I would say that I am comfortable with the DL break / 50% mark scaled exits, but uncertain when things begin to move past that point, so...

I actually got to put in a little time this morning; haven't been able to for a couple weeks. Exits are scaled on my chart, so there's just two trades, a short and a long. I saw earlier that niko had the same trouble with not being able to hang on to the first short at the breach of the 50%...

My thought about edges while reading through this thread is that people in general, and in this case traders, usually will find what they are looking for with enough time and inclination. Traders looking to sabotage themselves on some level will eventually find a way to do so. Traders...

You're correct on how the money in my example is distributed between each party, but I think our difference in perception is highlighted by the fact that you've emphasized 'taken'. The company gladly paid the cost of their un-materialized gain to me in exchange for the 'service' of me holding...

1. Company A will produce 1000 units of X in the next two months. 2. Company A shorts a futures contract to manage the risk of price fluctuation. 3. I buy the contract, because I am willing to take their risk in exchange for a potential gain. 4. In two months, the market is ready and...

lol... that made me chuckle. I wonder how 40d is doing. I haven't gotten to interact with him that much since he was on his way out by the time I made my account. However, I feel like I know him pretty well since I've read through his posts multiple times, haha. Another thing to note is...

Why didn't you draw a demand line from the opening low to the 9:45 EST retracement? What were you thinking at the time?

Just some food for thought, but something I do in order to improve my observation skills is to take the same chart and annotate multiple runs through it. For example, I will have a chart of the open for a particular day, and I will draw on the lines I saw in real-time, along with entry/exit...

May turn into a decent opportunity depending on how things open Monday. Made this just in case someone didn't have anything to be excited for over the weekend.. --- Also, it's nice to see you churning out the charts, Gringo. I enjoy seeing your thought process splayed out. It challenges...

And there it is. My first inclination is to think that there isn't enough momentum for a successful break of the previous high, but we could be surprised. Either way, we've seen a ~4.5% gain since price found support at the bottom of the current channel yesterday. Cheers to anyone who...

It seems like you're still just hearing what you want to hear. In addition, you've impolitely ignored my question after I've taken the time to respond to yours. PM me if you decide to begin participating in the discussions here in a constructive manner. Wish you the best.

I guess I just don't understand why you're asking these questions when you've been pointed towards their answers several times. Gringo has been helpful towards you, and instead of spoon-feeding you the answers like you keep requesting, he is trying to help aid your personal growth as a trader...

EOD update for BTU. The drama continues, and I've become a little interested in seeing how this plays out. The prospect of capturing a few % off a re-test of the breakout attempt and subsequent high is beginning to look slightly more appealing, but I'm far from making any commitments at this...

I don't have any personal interest in this stock currently, but my father is holding this and I made him a chart earlier today. Figured I might as well share. I don't have a recommendation to buy or sell here, but I suppose if the short-term supply is overpowered, this could probably be...

niko, haha, I was just looking at this stuff earlier today. What are the odds that we would both be looking at old material out of the blue today, and especially that you would post it? Kind of funny. Not sure if this is too far off topic, but going through some of this stuff, and even...

Wow, he must be quick as lightning. I have no idea how he got in that high. Even on the 15 sec chart the first RET I see only hits 94.5 at 9:30:45 Edit for EST time

This is quite a fascinating learning experience. I am interested in seeing what kind of price movement will occur when traders finally make a decision one way or another to exit the range.