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We have a triangle at the top of an uptrend, price broke the support line of the triangle and failed to find follow up after nailing some stops. If next week price is unable to continue the downside, everyone who shorted the triangle downward rupture will quickly have to cover and you will...

I understand, and yes I left details out but gave the most important building blocks that most traders never find, not even in a lifetime. Explained which road to take, now you just need to take it and do the hard work. ESD

Here's a working strategy, hopefully you got what it takes to execute it. Study technical analysis, typical patterns, support, resistance, the usual stuff that people think that has an edge but really does not because it's quite random in its nature. Study them well, as if they were your...

Everytime price comes back to retest resistance, at the precise moment it's doing so, it looks like a double top, most of the time the resistance is taken out but before it happens it traps people into thinking it's a double top. The same thing is valid for support and double bottoms. Truth...

ES Bearish Position Trade 1188 6 cars yet to be filled 1219 stop on 3 contracts 1231 stop on 3 contracts Target 1 1106 1 contract Target 2 1083 2 contracts If no stops: Target 3 Stop adjustment to reduce risk after Target 2 Target 4 To be determined new price action ESD

Ive posted real time trades in Elite Trader and I agree 100% with his approach. ESD

The beauty or burden of technical analysis. Some see up, some see down, some see sideways. Pardon my friends but all I see is a bull birth that will never see 9000s for months to come, perhaps years. Im 100% invested into US stocks, so should you. ESD

A chart can tell you many things that are valuable without even touching the question of where we going. Characteristics of the instrument, perhaps seasonality, volume attributes, volatility in relation to indices, how it behaved during bear and bull cycles, and so forth. ESD

Must the return come on a monthly basis or annually is ok ? It's possible to achieve those results when volatility is high if you give time some flexibility, but you do need volatility. ESD

I must be out of place then as I got losing trades all the time and live a modest lifestyle. ESD

You are describing two very distinct entry techniques. Let's call the average in technique, A, and the no scaling approach, B. In A you are entering without confirmation, therefore, your stop placement is ambiguous, this forces you to reduce and break down your size, ultimately it's lesser...

what would you prefer: short SMH long SPY or short SPY long SMH assume equal sizing ESD

Ammo, Thank you for your posts, charts, and commentary, even with your ADD I read them :) Sharing some experience... Best place to short an inverse head and shoulder is above the neck. Especially if you don't mind a little heat. Most of them will want to come back to the neck for a...

Bullish unless rather pesimistic economic data is released. Trends rarely reverse without new opposing fundamental data. ESD

No Heat, Thank you for those insights very interesting logic, always a pleasure to read distinct styles of trading. I suppose you consider taking heat as opportunity hence your username? ESD

Many times channels become oversold or overbought, when this happens these little "fakes" become heads, and the old channel becomes the path of the shoulders. Hope it means something to you. ESD

Kind of, I screwed it by not reaction to yesterday's price action. He got in at 41.50 when the intraday slanted inverse head and shoulder started flipping the neck and I kept waiting for the triple bottom to break like a fool. Oh well, next time I suppose, was worth the effort...

POSITION TRADE LONG 29.25 6 cars yet to be filled. STOP somewhere below 999 TARGETS 1078 (2), 1089 (2), 1134 (1), runner (1). STOP ADJUSTMENT unknown at this time but before 78. Good trading ladies and gents. ESD

From a trading perspective, no matter how hot the setup looks, if the market decides to head lower, no one is going to survive pulling back. There is too much uncertainty in the markets right now and INTC just rides with the NASDAQ. On top of that it's acting weaker to it's index. ESD

When a stock is "In Play", as it's called around the wires, the stock is possibly exhibiting unusual higher volume this increases the trend effect chances or chances of greater moves. Once you have some candidates, proceed to pull the daily or weekly chart and spot it's key areas. If...