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Agreed. However, If this were a short squeeze I would expect price to be more volatile and not so slow and incremental in rising. I also would expect the candle from today's close to be more like the high in Nov 2015 and April 2016 with a long wick showing we closed well off the highs. That...

Believe what you want. It was NOT a loaded question. I read several pages of this thread and saw bearish overtones and could not understand why. Everyone talks bearish with no backing as to why they think that. Gotcha was the only one to answer that. Saying I don't know was not what irritated me...

Thank you for that. I can accept that explanation. i am well aware of what makes sense based on the fed and QE/free money. However, I am one of those voodoo technicians that looks at price and indicators (that's right I said indicators,... I know it's a bad word around here on ET). My indicators...

From your charts you posted earlier it appears you think an appropriate stop is one tick below the prior candle low. On a 10 min chart there is too much random movement and noise to see things that clearly,...at least that's how I see it. I don't typically trade 10 min charts but IF I were to do...

I am not here to argue. I asked a simple question. Frankly, I could care less WHY things happen. I just choose to see what is in front of me NOW. And I asked why people see negativity NOW. It's a simple question. At the present moment I see mostly positive signals. I am fully aware of the sell...

No need to worry... I have been solidly outperforming with my own voodoo methods. When I look back at your history of posts it appears you have been mostly short since 2010 or earlier. How are your methods working out for you? Look at several of my posts and see that I prefer to be...

I guess I better sell everything I own and go full 3X Bear ETF on margin...Glad I joined Elitetrader.com. Thanks for that. That was helpful.

Your exits.... Money is made on the exits more often than the entries. Few of us have a system that is better than 50% win rate. Mine is around 53% give or take depending on the market conditions. So you could flip a coin and be right nearly as often. But it's how you manage your risk (decide...

Ok. I guess you guys sound quite bearish and negative. I just don't see it. I see it a bit like a slow melt up but with pockets of strong trends forming in various sectors. Just trying to ascertain why you guys see such bearish tones??. Don't get me wrong I am not FULL BLOWN BULL but I am...

TYPICALLY, a bullish ascending triangle has a flat top and an ascending bottom portion. This is SUPPOSED to signify increasing buying pressure meeting resistance at a price level until the buying pressure snaps through and causes a breakout to the upside. It is a nice pattern to see in a...

No kidding? You can't predict the future? I am aware that know one knows. But are you trading as if there is a top and shorting? THAT is what I am asking...

So am I correct that about 5 of you guys are all expecting a top here and shorting? Forgive me but I have not read this entire Journal.

During the day I can't make too many comments because of work. But I will suggest you set stops below a recent low or using some multiple of ATR. I will elaborate more later but your stops look way too tight to me. It would be helpful if you could post the exact date and time of your trades so...

Looks like you should have been in SLV today,....woohoo. I am long SLV too

I have to agree with Handle123. Although it sounds a bit mean to say I would tell you " I have no feelings". I try to leave my emotions out of trading. I do not think of my trading account money as an emotional attachment. I think of it like a business decision. How much risk vs how much reward...

Based on what I am able to infer from your post It seems you need to do the following: (These are SOME of my ABSOLUTE rules that I NEVER break and others are just advice I am sharing with you.) 1) trade instruments much higher than $2. Don't trade anything less than $5. My rule is $10 and...

What would you consider position trading? I think of myself as a swing and occasional position trader. I am in trades for as little as a few days but typically weeks and often times months. I just depends when my signals tell me it's time to move on. As far as commodities I have been trading...

Remember the market can stay irrational a lot longer than you can remain solvent. So why fight it? DRIP is currently at 5.69 so your averaging down means you are down 18% on the trade. Do you even have a risk tolerance or stop loss? Seriously, I am trying to help you. Why fight the tape? Go...

His first sentence is "I need simple trend following system....".

You would have been better off if you just asked everyone for their account numbers or even opened one of those Fund Me accounts. Honestly, did you really expect people to tell you in 2 min online what it took them years and thousands of hours, and losing hair, and tens of thousands of dollars...