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Price reversed on Q's rather violently. Price is around the median and the mean of the trend channel and the trading range. The push upwards was very strong by the demand taking charge. Now suddenly that demand isn't in charge. In case price returns down back to the lower end it would imply...

Your analysis is looking better as you're becoming attuned to the flow of the price itself rather than making it conform to your preconceived notion of what it ought to mean. Observation without any dog in the game makes it a lot easier to hear that silent song. Gringo

Never again is a word taken with a grain of salt. If currencies keep getting devalued the pressure for prices to rise in the next 100 years may be too much to keep from getting to 100.

This isn't NQ but I am posting what I have marked on QQQ Daily. Price is in the median around 103 making this an area potentially turbulent. If price can't make it all the way up we might have a drop towards the lower channel on the weekly. This isn't the area for me to trade but I am alert as...

Your lines look pretty smooth. The candles are squeezed together though. Wouldn't OHLC be clearer? At times candles give a false sense of price because of emphasis on colors and the body and tail distinction. Then again it's up to you to see what works for you. Gringo

Exited the position. NQ is at median and AAPL at potential support that has demand showing up.

AAPL Weekly: Supply was the winner as price turned down before reaching the previous high. The drop was also sudden and fast. This shows an underlying weakness in the demand to halt the drop. Price is close to the previous low around 107 area which might act as a potential support here, but so...

Those who rely only on price for decision making are an endangered species. Welcome to the clan. It's always good to know when someone gets to see speculation in a different light. Once the foundation is there more screen time will solidify those correct habits and build on that foundation...

Thank you Db. I always knew you thought I was important! :)

I did go back and check the calls for the buys while the price dropped. It reminded me of myself some time back when the hope monster would keep me buying dips. It's not a pleasant experience nor I wish anyone to experience it. I hope the protagonist has all the best of luck. What does concern...

"Nonetheless, a profitable 2015 for everyone, even the trolls." That's what bmwhendrix meant in all likelihood. I had to go back and read again to get the clear sense of what he was saying. :) Gringo

Just busy at work, and tired from staying up watching horror movies at night. End of the year. Many reasons to not explain all my thinking. It's the same process every time so I feel like it's a waste of time to keep saying the same things over and over again. This is my first year without...

Bought puts on AAPL. Hourly was giving the signal, a subtle one though. I know 112 might get demand to show up but we'll deal with it when or if that happens. Weekly is around the median and might break down. Daily is neutral. Hourly is showing supply getting stronger. QQQ is also...

I don't understand why you guys are scared of the lower time frame. For NQ there is isn't much difference. Same demand & supply dynamic works even on ticks. One has to ensure where one's getting in but the theory or logic of it doesn't change. I am getting a bit confused as to the theoretical...

TL is for visual cues. The idea is to see whether demand or supply is in charge or whether neither is. A line is like a crutch that helps one stay on feet. When the legs are strong enough there is no need for it. The Law of Supply and Demand holds independent of whether one uses lines...

I am just too relaxed to be trading these few days. Db was right about higher probability of market going up at the end of the year. Next year is upon us and with it even more exciting challenges. This SLA-AMT is seriously a time saver. My life is so much colorful because I am not reading books...

Yes, I understand your jump. My point was that you could have been be a bit more clear. The way you're thinking is fine. Speculation based on fundamentals isn't something I do. It is because timing is the key in speculation that gives one the edge. If central banks are inflating the currency...

I did a quick google search and symbol for Argentinian Peso was ARS. You can double check it. USD/ARS gave this chart. I am not sure what you're looking at. Your link is showing Russian index for stocks I believe. From Argentinian stocks to Russian stocks? You're trying to learn this based on...

Check Argentinian Peso vs. another currency. When currencies are quickly devalued the stock value denominated in that currency generally goes up. People also pile into stocks and speculative investments to hedge against inflation. Gringo

Does anyone else see copyright violation here. I mean everyone's trying to copy my SLA method now. Some people just can't come up with something better on their own. http://www.elitetrader.com/et/index.php?posts/4058941/ Gringo