If You Can Draw A Straight Line . . .

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Quote from Gringo:

Price is just consolidating around 3097. May push up beyond 3099-3100 area or start dropping. I am not much of a fan on intra-day and my head's already tired from typing and looking at price and also being at work doing other things.

The thing to note is how the lack of drop in price after the call for short was taken as a hint to exit by reading price behaviour instead of letting price take our stop out.

Price is firming up around 10:41am EST and may attempt to push up but as I said it was just a bit of a demo demonstration and even that I'll just post one more chart to show what's happening.

Price is pushing upwards and looking strong so far.

Gringo
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Are u trading real time G?
 
Quote from niko:

Are u trading real time G?
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No Niko. It's to show price can be read in RT. I like EOD trading. This intr-day is a bit too focus consuming for me! It also shows that it doesn't matter what time frame one uses or bar intervals, reading price is the same.

Gringo
 
Now we have a demand line (DL) as well. So for even the greenest of greens who can't read much price break of DL is a signal to curtail the position of exit it outright. There may or may not be any profit based on where one entered but the trading is consistent and the fear is reduced significantly.
 

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Around 3102 price is having some trouble stalling. It's not visible in bards but in the slowness of the movement. I would take some profits here even before DL is breached just to show multiple ways of controlling risk. 10:57am
 
It's close to 11am so time for rest. Generally speaking trading slows down around this time and signals become less fluid and more choppy.

Gringo

Edit: DL is breached so the slow and greens can exit too.
 
Those who trade daily charts should note that new highs and up/down volume in the Naz have declined since 7/11. This may help to account for the trouble the NQ has had getting through 3100. Though this information is not always pertinent to intraday trading, there are periods when it does provide a background to what may otherwise be puzzling imbalances between buying pressure and selling pressure.
 
Quote from dbphoenix:

Those who trade daily charts should note that new highs and up/down volume in the Naz have declined since 7/11. This may help to account for the trouble the NQ has had getting through 3100. Though this information is not always pertinent to intraday trading, there are periods when it does provide a background to what may otherwise be puzzling imbalances between buying pressure and selling pressure.
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Would it be fair to view the lower volume highs with suspicion? i.e. Susceptible to an imminent pullback?
 
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