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Please don't tell us you are riding this back down. If you can get a good bar you still might pull it off but things aren't looking good. If bar 1:15 closes low i would say adios to any profits on the long side and make haste and cover. Actually, I would have already covered.

Will you take some profits? That mean mean mean reversion is ugly? This thing could head south again from bar 12:55. Or it could be a great long opportunity depending on the close of bar 12:55. I would be ready to go either way.

Never have liked it. I just make notes on the fly on my charts and will sometimes look at them at end of the day. In another life...on another forum I did journal one time. What I do now is make comments on the fly and try to make them before they happen but sometimes while I am typing the...

Disagreeing is good. I tried to learn programming but was not smart enough. PA changes all the time. Everyday. Moment by moment. Every rally is different. Every decline is different. There are different amounts of buying and selling pressures in each decline or rally. They simply cannot be...

I could never do that. My brain is too little to process all the info coming from that many charts and one or more would talk me out of an great trade. I only need one chart and one indicator ...a MA. I can do with volume or without volume. Sometimes vol throws me off and talks me out of...

I gotta go as algofly is either lurking, on vacation, or actively lobbying to get me banned. Probally the later. Here are a few thoughts and picture of todays PA.

You gonna get stopped out PROBALLY.

Why long now? Every P.B. Is barely getting close to the 21 period EMA. I would be shorting every P.B. until PA screams otherwise.

Did anybody short after this rally to near the ma? Bye

You cannot make money consistently unless you are flexible simply bevcause the market is extremely flexible and to make money you have to follow the market not your rules. The market can go up or down further than anyone can imagine. It can also reverse back and forth for every few bars for...

Well now I agree and I respectfully disagree. Rules can be nothing more than guidelines to embrace probability. When they become the object and focus then we have erred. The goal is to make money not trade rules. For example here is a rule. "Follow the trend." But that needs to be defined. Which...

Well you cannot skin that short term cat with that long term knife. It is likened to skinning a squirrel with a machete. Cumbersome at best. You do eat squirrel don't you?

Well at least you are being honest. Many would say they jumped out.

I gotta go or algofly will be on here chasing me away. See ya'll later bye for now. As MacArthur said ..."i shall return" unless i get banned which i may be on the verge of accomplishing unintentionally. Hope you grabbed your profit buy1sell4

That longterm trend has nothing to do with daytrading or short term trading which is what buy1sell2 is attempting to do. Now if one is investing that long term trend carries more weight.

ROFLMAO! Markets are flexible. There are general principles that stay the same. For instance, there will always be Trends, PB, Ranges, Channels, but the way in which each is made is different from session to session as the markets probe for value. We have to take our profits when the getting is...

really? Trend is down from fridays high. Trends have inertia. But of course they have reversals too LOL

I suppose you didn't grab your profits? Expecting a continuation? There is still buying but the pb is nearing collapsing.

If the 8:40 bar closes weak then the bo may be a failed BO. IF if it closes strong then bo will probally continue. There needs to be some follow thru.

Now the market is tipping its hand. Bulls are winning.