Phone a friend - TA help with this chart

[murray t turtle]

I believe it going down

%%
LOL well sure is on the charts + fundamentals;
but $1 move on 6 mo charts= good way to lose or get stuck on barbed wire range.
Hope op trades bonds better than DB ,SVB; most likely he does

 

[speedo]

So what you're saying is that you're at home in the range.

Lol, not my favorite condition but I can trade them.

 

[Sprout]

I did my TA for swing trading TLT and I'm getting very murky results. There's a larger downtrend, of course, for the bond market but it's either changing direction or forming a rising wedge right now. That being said, I'm looking at swing trades that can last between 2 days and 2 months depending if the TA keeps me in or not. I won't say too much about my own TA because I don't want to skew what other people post. Can anyone tell me what they think is happening with TLT in the near term? About to have a bullish breakout or hitting the final resistance with a triple-top and the bear market resumes for bonds? (Daily chart for 6 months)
View attachment 309854

South we go.

 

[SimpleMeLike]

There are always bull and bear legs in a TR.

Hello speedo,

How are you doing buddy?

Remember our buddy Al,

"Big Up, Big Down, Big Confusion"

 

[speedo]

Hello speedo,

How are you doing buddy?

Remember our buddy Al,

"Big Up, Big Down, Big Confusion"

Yep, nature of a trading range. Al is doing well but cutting back on his moderating activity. They have other traders who learned at his knee. I learned a lot from Al and am grateful for his work. Hope you are well, today was a trend day special and multiple targets were hit on the way up. Whole week has been strong, vol is picking back up.

 

[SimpleMeLike]

Yep, nature of a trading range. Al is doing well but cutting back on his moderating activity. They have other traders who learned at his knee. I learned a lot from Al and am grateful for his work. Hope you are well, today was a trend day special and multiple targets were hit on the way up. Whole week has been strong, vol is picking back up.

Hello speedo,

That is good to hear about Al. He is actually my only teacher. lol, we have love-hate relationship, but after trading with real money this year manually, I regret everything I said about him negatively. I learn to love the man. Simply put, he was right and I was wrong.

He was right about everything he said in that course. This trading takes TIME and it takes ALOT of work. It is easy, but it is not easy.

I am grateful for his work as well and have a much better appreciate for him and want he trying to convey.

Thank you (and my other you buddy you know and hang out with) for your help along the way as well sir!

Thank you,

 

[SimpleMeLike]

today was a trend day special and multiple targets were hit on the way up. Whole week has been strong, vol is picking back up.

Hello speedo,

I will add this in my opinion.

In my experience, I do not think one day (one market conditions) favor over the next day or any other day. They are all the same, and money must be extracted from all market conditions. strong or weak, or whatever. The bank account just want money in it. lol

 

[speedo]

Hello speedo,

I will add this in my opinion.

In my experience, I do not think one day (one market conditions) favor over the next day or any other day. They are all the same, and money must be extracted from all market conditions. strong or weak, or whatever. The bank account just want money in it. lol

Focus on and master the process of trading and the money will follow. Focus on the money and it will be a lot more difficult. We each succeed or fail according to our own processes and not to our influences.....no matter how much value they do or do not provide.

 

[SimpleMeLike]

Focus on and master the process of trading and the money will follow. Focus on the money and it will be a lot more difficult. We each succeed or fail according to our own processes and not to our influences.....no matter how much value they do or do not provide.

Hello speedo,

Did you see Al Brooks trade live in Orlando?

I am curious what he was doing and how well he traded, good or bad.

 

[speedo]

Hello speedo,

Did you see Al Brooks trade live in Orlando?

I am curious what he was doing and how well he traded, good or bad.

I didn't go, reports were the attendees were very pleased they went. I learned a lot from Al but how well he or anyone else does has no bearing on how I well trade.