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Nice one. Gringo

08:30 CAD Employment Change 29.4K 20.0K -1.7K 08:30 CAD Full Employment Change 50.5K -5.0K 08:30 CAD Part Time Employment Change -21.1K 3.3K 08:30 CAD Participation Rate 66.3% 66.0% 66.4% 08:30 CAD Unemployment Rate 7.0% 7.0% 7.2% 08:30 USD Average Hourly...

slimjim, The question you are asking is very valid and even shows that you're understanding it well. I am not sure where you are in your trading but it's a good sign that you asked this question. The answer is that your first entry is also a valid entry. It might have had to be liquidated...

You sure are a bad news bearer! :)

When is that happening? Gringo

Yes, gold is showing strength here. Also price is again attempting to get close to the potential resistance. We'll have to see if price continues up or fails here. NUGT is a monster mover no doubt. It can be used quite effectively by those who prefer the hourly bar interval. Other than...

We can call this stage 5.1.L (where L is for Leverage). I must admit, there's this feeling of invincibility at this stage. Gringo

k p, You look like a kid in a candy store. Gringo

The up moves to reach the top of the trend line have taken 3-4 weeks in general and have not been steep or substantial in percentage terms. The down moves have been of longer duration and taken 6-8 weeks in general. The percentage drop has been greater and precipitous at times. The bias is...

Q`s are in a down trend. If one was not aware of this fact up until now, one needs to pick another pastime. The supply line is intact, which is and indication that for the end of day trader there are no longs as of now. To be more precise there are no longs for the kind of set ups I wait...

GDX seems to not be picking a direction. It`s like price is in a trading range, and more specifically in a possible hinge. I`ll show the daily and the hourly charts below. The hinge and the indecision are visible. Perhaps a resolution of the hinge might shed some light as to the potential...

Boru, You've been around for some time to know why Db has encouraged keeping a journal. What happens is when you write something there's no hiding from that analysis. Others traders can comment on things that you might miss and can correct. I am glad you have started this journey and just...

Steely balls I say. I am looking at it but it hasn't given me a reason to join the party yet. Perhaps a show of strength first. But gain I am cautious at times. Gringo

I would add that price in case of GLD is having a retracement now that's very close to the top of the downward sloping trend channel. If a weakness develops here it might be a pretty reasonable short. However, I was playing with GDX that's behaving more strongly than GLD, but whichever of them...

GDX was supposed to get weak and that was the reason for the short. Price though didn't get super strong, but it has kept sloshing around a bit too much for my taste. I have closed the position with a small loss and will re-evaluate from the outside. For GDX, 24 is acting as resistance and...

I thought this short was nullified when NQ hourly gave a buy signal in the morning. I think I had brought this up in chat. I believe it's your TL that's causing you to stay in, when a tighter SL would have told you trend was changing and there was a retracement. I have only had a quick look...

You're right Niko. I could have waited but looking at previous behaviour of gold, when it changed direction it just went for it without giving many chances to re-enter. The trend channel is a reasonable guide post but I have found that entries that are optimal generally come before the trend...

GDX is beginning to show some weakness. The price failed to make a new high and dropped hard. Today the price is attempting to not give up, for a trader like me this is weakness enough to attempt a short. If price goes above the high then I'll have to take a loss. This is the nature of the...

Markets seem to be on drugs today.

Db, Are you trading at this late hour?