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Db and his association chart: 1980's -> O'neil 1990's -> Teresa Lo 2000's -> Wyckoff 2010's -> Gringo Db has been pretty consistent in finding gems throughout! :D Gringo

God made the world in 6 days. It is to commemorate that achievement that gold futures dance heavily on the 6th of every month. Gringo

I would tell myself to find DbPhoenix right away. We can tell ourselves all we want about the technical aspects of trading, but like anything else in life, we won't have developed a belief in that information, even though it was coming from ourselves. This confidence and belief develops...

The weakness seems to be increasing. Price isn't finding much traction here to the upside. The close was also weak today. I am going to start taking position off if this persists. Price behaviour although retracing isn't showing the kind of strength that would make this long a convincing...

MadeMan, It seems you have some kind of a plan, though not clear to us. Perhaps you can start a journal where you control your output and also we get a clearer picture of what you are trying to accomplish. Not only will you have the entire year to see your progress, you'll also get to make...

Simple, yet not easy. Wisdom takes time. Wealth takes wisdom and time. Gringo

Niko had mentioned a hinge in a post above. Although it does seem like some kind of hinge action was in place, I wasn't actively looking or paying attention to it. I simply connected the demand and supply lines and they ended up looking as if there was a hinge. Price behaviour can be...

Price of NUGT again opened lower and today it couldn't muster the courage to recover the loss. This could be seen as a Retracement after after popping up above 28 area. The situation is such that price is hanging in a balance. A day ago the action was constructive but now it has reached a...

Hi Kerry, Price isn't supposed to obey the lines. It probably doesn't know lines exist. The lines are all in our head. We use them to see which way price is moving by tracking the interacting between demand and supply. If a demand line is intact we know that the price is moving upwards...

Price dropped strongly for NUGT early in the morning, but by the end of the trading session it was back up and closed strong. We've have had four days in a row where the closes have been within a tight range. From this we can decipher one thing for now, and it is that price isn't dropping...

Price hasn't pushed up higher. At the moment, or I guess at all moments, it's not certain which direction the price might pick. There is a possibility of a breather and price could go down to 28 area. There's also a chance that price might jump up and punish the shorts. I am just finding...

One could exit at the break of the first supply line if that's in the plan. The idea is to show how to read price, and not specifically how each entry and exit 'should' be. Usually those who have more patience, experience, or higher risk tolerance tend to give price a bit more room. Keep...

Are you trading intra-day? The spike was mainly on GLD and not much on GDX or NUGT. For GDX or NUGT the daily move appears to be less than the average trading range. For NUGT the average range for the past four days has been a minimum of 2 points. Today it hasn't even reached 2 points. So...

Db, You are showing good potential to become an EOD trader. Let me know if you are looking for an internship. :D Gringo

Price dropped a bit but the drop wasn't anything to cause much concern. I am willing to give some breathing room to price after this upside move. Price doesn't doesn't just move in a straight line. Strangely NUGT dropped for the day, but GLD went up for the day. What's up with this...

Employing volume for analysis is no different from employing Playboy Bunnies for waitressing. Neither are entirely wasteful, and some can make better use of them than others. Gringo

Only read the first few posts to get a hang of what's going on. Gringo

Here's one way of doing it. It's only a start. Gringo

Humans have Chuck Norris. The Borg cannot assimilate Chuck Norris. "Resistence is futile" is a phrase they leared from Chuck Norris. Gringo

GDX has shown strength. This for me signals a long. To increase the leverage a bit I have chosen NUGT for the long, which is 3x GDX. Gringo