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We look at price from a closer perspective now. Around 115 there appears to have been some kind of a halt. Even though this may look like a wonderful opportunity to those who like to just buy at the support to go long, I would be careful around here. The problem isn't that buying around...

May we all have a very Happy Holiday Season and a Happy New Year. May the future bring more health, wealth, and happiness than we ever dreamed possible. May the trading gods show mercy on those who have not yet been blessed. May we all get the eyes to avail ourselves from the experience...

Gold has shown persistent weakness for months now as is shown in the chart below. The trend is still down. We appear to be at a place that could be categorized has having the potential to offer some support. The materialization of that support is of course dynamic, and dependent on demand...

Slugar, Your SL/DL lines are not consistent with the entries. There has to be a break before a retracement can be considered. The second long around 60-61 is a bit tricky to understand even in hindsight. How do you see it as a viable entry, even though it's the lowest point of the day...

Today was more like being in the land of the undead. Trending up, but not really. An untrend, but not a non-trend. Gringo

Gringo

1013: DL break 1014: NH

GLD is zigzagging up and down and I am not clear enough which way it wants to go. Today we'll have a look at GDX (Market Vectors Gold Miners NYSE). GLD and GDX although are generally moving in the same direction but there are certain differences. GDX is clearly stuck in the downward trend...

I prefer cleaner signals. In practical terms this means there are fewer crazy spikes that go nowhere. I also prefer somewhat of a trend. It's fine to not have trends for some time, but the instrument has to move. Without movement there's not much profit to be had, for the kind of directional...

Realistically speaking, I don't know what a springboard is anymore. I just see price moving up and down. Straight lines are given much more importance than vol and s/r now. Gringo

We never reached below 58 today. Why are you price levels off by a few points? Are you on a different contract. I am using the free version. 58.6 is the lowest level I see around 1024.

Niko, If you're using investing.com chart that's free. It's better to keep pressing the 1min button. It fixes the gaps in data and reduces the discrete jumps. I press after a few mins just to ensure all's well.

DAL price didn't continue down and started actually to climb back up. This is something that's not what we had anticipated, meaning it's not a good short for now. Notice the newly drawn hinge. Perhaps it is only a rest before going back up. We'll find out soon enough. Notice how quickly...

I don't know about you guys but this is like shooting fish in a barrel today. 0954: SL break.

Just focus on the line. Just keep swimming, swimming, swimming.

I say we only look for SL/DL and Ret, and forget about the rest. Just get more alert around the extremes and that should be enough. 68-75 seems like a reasonable range for now. We might have had a long at 71 after BO above 70. Gringo

Sorry buddy. I didn't know these were hindsight trades. You've been around long enough to know I don't mean to insult, especially those who are trying this approach. Even in hindsight at least your eye is able to see what is possible. The comment about the NH was genuine because in RT I was...

Very nice. By the book mostly. Your entry at the failure at NH was incredible. Gringo

Niko, Just go to the mechanical entry and exit. SL/DL break, Ret and price goes in opposite direction and you get in. It's time to make it mechanical as these psychological issues have been going on for some time. You see price well now. We've seen it on your charts. You just disengage...

Don't drink and trade. Resolve the bar issues.