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Yes, the identification of a possibility of a future chance of a short in case of AAPL was timely and in advance. I was looking at it in a different way. The hinge wasn't so clear to me but the analysis despite that was close enough. The rapidity with which the price rose from 490 to 550 was...

If one is unable to distinguish water from fire, how it is one to know it is water that quenches the thirst?

Niko, I was looking at gold futures (ETF: GLD) when I detected the hinge. I was looking at GDX. Here's the hinge using the hourly. Dailies haven't shown much hinge character so far. It's hard to tell with hinge which way the price might turn. We are close to potential resistance on the...

Hi Tupapa, It could be, but strangely I don't feel any remourse. I take is as a fact and actually learned from it. When I took the long it was based on EOD trading, while this short was based on the hourly. So the hourly as I showed gave the signal based on how do things. The EOD you are...

What do you mean by inside or outside DL/SL? When price rises on high volume, it implies that demand is strong and supply is also serious, yet demand is winning, as indicated by a rise in price. High volume indicates the intensity of supply provided. Why just the intensity of supply? Look...

GDX short wasn't behaving as I had expected. Price two times refused to go down as demand showed up to prevent it from getting to 26. I don't like to be in a short when demand is so persistent, even though it's not strong enough so far. So the fact that price couldn't continue in the...

GDX hourly is giving a sell signal after the ret. Price just got rejected around the 26.66 resistance level from Oct. For EOD players this is a bit early as on the dailies the DL is intact. For those seeking faster and hourly entries this was an entry. It is riskier in the sense that...

I would add that perhaps making things simpler, would make things simpler. Here's the same price behaviour is shown as just a break out and retracement. We can track demand and supply using the standard lines. The conclusion is the same but the confusion whether the funky hinge is, or isn't...

I don't understand. What's is the difference in interpretation? Is this what you're talking about? Gringo

Gold futures have been moving fast. The TC had to be redrawn and price was falling out of the previous tighter channel easily. Price is now above the 1300 and clearly the strength is there. There isn't much to do if one wasn't already in. We keep an eye on it as price approaches the upper...

Gold futures are at 1300. The 50% is a few points above and the new trend channel (TC) is also less steep. It had to be redrawn after price fell out of the original TC and then made a new high. The price moved up strongly and it's not that easy to go against the trend. Ideal is to wait for...

At times the simplicity is mind boggling. Here we have the drop from around 1434 to 1180 for 50% being around 1300. The trend is already looking strong but we might get another leg down. We don't know in advance whether it's going to happen or not. The price for now is moving up and we at...

Lets have a look at gold futures. The trend is up and there's a trend channel drawn using the hourly bar intervals. Gringo

Look at this beauty. From bottom to top without a hitch. Those who were looking at the hourly can see how multiple entries were available to go long. Of course due to my sheer genius I wasn't paying attention to it but here it is. A good support/resistance level in combination with the...

GLD has crossed above the swing high. This is a sign of strength, but whether it's permanent or not is yet to be determined. If there's a retracement and a rise then perhaps long will have to be initiated. We also keep in mind that price is in an overbought territory now yet it is not the...

Price action traders focus on the imbalance of supply and demand, as made evident by the behavior of price itself, and don't care much about the reasons behind these moves. Whether the demand was curtailed because of some deep analysis by individuals, or whether the governments or banks...

Lets not compare, the average with the mean Trade at the extreme, and avoid the mean Making money isn't tough, nor is it mean Deceptive are some words, and what they really mean Gringo

AMT. Max trades take place at the mean. That's why.

Before the regular market hours, the numbers have greater effect on the price as there are less participants. During regular hours, usually one can get away without paying attention to the numbers. I don't trade intra-day, but when I did simulation trading, I did use intra-day, and at times...

The dot is below the low of the previous bar. Price dropped below that bar one bar later in the large drop bar. The whole idea is that price retraced upwards and then was dropping. The previous bar low as used as a reference to enter. Where the red dot it price was expected to drop there...