Search results

  1. Gringo

    Gold, Silver, and Indexes Using Price Action

    Price plopped down pretty fast. This inability of demand to hang in there, in the face of supply, is not a sign of resilience. I prefer to not be in situations where the expected doesn't come to pass. Here price is not showing the kind of strength I was expecting it to exhibit, and that is...
  2. Gringo

    Son of If You Can Draw a Straight Line . . .

    1001: Ret and long now.
  3. Gringo

    Son of If You Can Draw a Straight Line . . .

    0948: Sees like a serious failure to go above 78. LOLR may be down. Oh. We get RET and down continuation. So Straight line guys should have gotten in.
  4. Gringo

    Son of If You Can Draw a Straight Line . . .

    Yes. You're right about the correct use of logical operators.
  5. Gringo

    Son of If You Can Draw a Straight Line . . .

    How can there be topping if markets are random walk? Gringo
  6. Gringo

    Stocks Analysis Using Price Action

    Delta Air Lines could be a short here. It seems to be weakening today. Gringo
  7. Gringo

    Son of If You Can Draw a Straight Line . . .

    Look at the context. Price just dropped a lot pretty fast. Does it show strength or weakness. Now it just had a bounce. Do you think price is more likely to recover all that drop or continue down? Look at price when it rises. Slowly. Look at price when it's falling. Fast. LOLR up or...
  8. Gringo

    Bride of If You Can Draw A Straight Line

    Nice.
  9. Gringo

    Stocks Analysis Using Price Action

    Heroic, I am showing 30 mins, similar to how you're looking at it. Notice the use of SL/DL lines and S/R. Notice the importance of having S/R from a larger frame than looking at every congestion as a significant S/R. When you commit your funds you want to have some run. You're not...
  10. Gringo

    Stocks Analysis Using Price Action

    You are entering based on the mini-support holding. You are continuing to hold when that min-support fails. Yes, the entry is late in the first place but lets not talk about it for now. The price is going against your position from almost the start. Why not exit and reconsider your options...
  11. Gringo

    Son of If You Can Draw a Straight Line . . .

    Heroic, It seems to me that you are getting a bit confused about the reversals. The reversals take place at the edge of of a trading range. The small consolidations or swing points you see during a trend aren't the correct areas to be looking for reversals. You can actually look for...
  12. Gringo

    Son of If You Can Draw a Straight Line . . .

    1037: Weak BO. We'll have to see if strength returns. 1039: Price moving up now. Look to the left and see if there are any s/r or congestions at this level.
  13. Gringo

    Son of If You Can Draw a Straight Line . . .

    You didn't need SL to be broken to be out of short. As I wrote earlier, price wasn't going down. No point in hanging around after multiple minutes of non move.
  14. Gringo

    Son of If You Can Draw a Straight Line . . .

    It's a matter of confidence. The fact that price bounced and couldn't continue down told me LOLR is up. Therefore, I was looking for a reason go long. The moment first Ret showed up that was it for me. You are looking only at Ret and not its context hence got confused and entered late...
  15. Gringo

    Son of If You Can Draw a Straight Line . . .

    We have a opening TR now. So there was another short if one didn't want to wait for 50% before making a decision. 1026: Notice how price isn't crumbling. That means get cautious as the short might be faulty.
  16. Gringo

    Son of If You Can Draw a Straight Line . . .

    Here's the chart for easier analysis. Keep in the, the moment first SL is breached you're ready for a retracement or failure of continuing down. Gringo
  17. Gringo

    Son of If You Can Draw a Straight Line . . .

    That was too late a short. Just because there's a retracement doesn't mean you jump in. Use retracements at turns when price has run away from you and is closer to a support. First or second retracement is fine but beyond that is a bit too ambitious. Closer to support look for SL break...
  18. Gringo

    TSLA 130 weekly put at $0.55

    When is the put expiring? I consider TSLA to be extremely dangerous or uncertain here for a short. If you have a few months , yes, it might be doable but if the put is expiring in a week, then it's at least from my point of view quite a gamble. Good luck though. Fortune favours the brave...
  19. Gringo

    Gold, Silver, and Indexes Using Price Action

    Price for GLD is showing strength again. This is in the context of price unable to go above the last swing high so far. Nonetheless, with tight stops it's a reasonable entry. It's not the best and price might retrace back down to support again and give a better entry, however, at this...
  20. Gringo

    Son of If You Can Draw a Straight Line . . .

    I was thinking, now that Db's on vacation, and not keeping an eye on us to keep us in a straight line, we could....! :)
Back
Top