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So in a down trend i connect highs, and in a up trend i connect the lows? Why is this the correct way? Can you elaborate more please if you can. --- If this is the case, then the green channel is correct. I was connecting the low prices, where as with the blue channel is "incorrect".

FSLR descending triangle..bearish pattern, take your entry before breakout to the down side.

Nice to see wynn up 2% today :D

Good job neke keep grinding out those 5k weeks. Must feel better not having all that leverage on your shoulders, yes?

This is the only day trader i know that seem make money 9 out of 10 weeks. http://www.youtube.com/user/sgomez858 Its two traders that run their own service.

Special indeed. I found out I got better, and also enjoyed trading more when I stopped trying to Day Trade. There are some days where I have 5 positions on, and I don't look at the market at all (because im asleep most likely). I log in to see how the market and my trades are doing, and log...

I'd challenge you to post your entries in real time on this thread posting entry, and stop. You up for it?

ADSK

SYNT

FFIV weekly

Cree weekly. Very strong trend with not much weakness in sight...could run another 10pts.

FDS weekly

KFT. Possible resistance at 30. This is a weekly.

Not much. His answer came within the first few posts.

Oh, so one can't make money with indicators? And so are 99.9% of the traders on et who give advice. If I'm stealing your spot light, dare I say..."contribute something useful. " Good job being elusive showing my pnl from January, and not february. A few down months has no bearing on...

Like C, I took a small size on WYNN near the highs, and my stops in the 60 range. I expect some kind of upside break out, but if the market starts off weak then that could all change, but as of now it looks good. We've been in a range the past couple of months, but with an upward bias, again...

True. What I'm trying to do is make the point on seperating the definition of price action from the rather more subjective analysis of price action by using trend lines, etc as there are no clear rules for using them. But yes, these are basic principles, but some people on here don't think so.

LOL I'm adopting a teaching frame?...you really are a dumb ass. Open any trading book, or do a search and you'll see time and time again that Bull trends are DEFINED by HH's and HL's and vise-versa..thats fact, I'm not adopting anything. Secondly, where did I ever say I'm not a profitable...

Thanks. Update on GLD. I can't afford gold bars, but maybe I can buy some GLD on a dip to 100. Gold seems to like to follow the dow.

positions