What I've always found interesting is that nobody takes these trades anyway. They can't even if they want to. So what's the point?
Gold, Silver, and Indexes Using Price Action
- Thread starter Gringo
- Start date
What I've always found interesting is that nobody takes these trades anyway. They can't even if they want to. So what's the point?
The Message
Profound wisdom distilled down
For mere mortals so they won’t drown
'Tis simple, but not easy
Drawing line without feeling queasy
What's this magical concoction?
Explaining markets as an auction!
There’re few who see the light;
A rupture of pure delight!
While others who twist'n turn
Burnt ashes in time’s urn
Blame not the messenger or the message
Fools! 'Tis in Self that lay the passage!
Gringo
Profound wisdom distilled down
For mere mortals so they won’t drown
'Tis simple, but not easy
Drawing line without feeling queasy
What's this magical concoction?
Explaining markets as an auction!
There’re few who see the light;
A rupture of pure delight!
While others who twist'n turn
Burnt ashes in time’s urn
Blame not the messenger or the message
Fools! 'Tis in Self that lay the passage!
Gringo
Last edited:
Price is stuck in a TR between 45 and 62. The propensity of price to not get slapped down is indicating demand to not be backing off. This could mean more upside unless price starts behaving weakly.
The DL is broken but not decisively. It's broken more in time than in terms of price movement due to demand withdrawing. The final large up and down movement in the last hour is showing both demand and supply trying their strength with more or less a stalemate.
Those mechanically following SLA had an entry but it lasted a brief moment before price ricochet upwards, way faster than I could get an entry. That movement told me to become cautious and not jump head first into a short. Later it become apparent that the TR was holding.
In the absence of a clear direction there's nothing for me to do other than watch.
Gringo
The DL is broken but not decisively. It's broken more in time than in terms of price movement due to demand withdrawing. The final large up and down movement in the last hour is showing both demand and supply trying their strength with more or less a stalemate.
Those mechanically following SLA had an entry but it lasted a brief moment before price ricochet upwards, way faster than I could get an entry. That movement told me to become cautious and not jump head first into a short. Later it become apparent that the TR was holding.
In the absence of a clear direction there's nothing for me to do other than watch.
Gringo
