The fact that you weren't trying to pick bottoms in itself is something commendable. Gringo
Yes, the drills's the same.
I did take advantage of a the XLE alert. Whether it works out or not is not in my hands. Thanks Db for the heads up. Gringo
The future is turning out to be quite interesting. The only exception I have is the statement that renting is expensive because of the human...
Let summer come and it usually slows down. These trending to non trending cycles are to trading what water is to fish. Every pause is a...
RULE #1: Learn to use inaction as a weapon. Most of the time, the market is indeed random. One can only win consistently by avoiding activity...
So what do you do at R or S in either case? What else do you want? Intra-day trader isn't worried much about Weekly/Daily trends. They just have...
Support isn't support until proven by the price that it is. Think of support as being like water in its three basic states: When frozen the ball...
SLA has been working like a charm here. Some times I am tempted to bite, but then again my time shall come.
The Nasty Median is living up to its reputation. For those not into the intra-day Wild West, not participating has been less dramatic, even...
Ability to read price is independent of bar intervals. If we remove any indications of what bar interval it is, is a person able to tell whether...
You don't need forward testing to figure the nature of the market out. You can do back testing to see how the market behaved.
The reason I'm trading part-time is that I don't want to be involved too much. Trading is a individual endeavor and one has to go through the...
Trading CL is a bit tougher in my opinion. NQ and stocks are better. CL gives a lot of zig zaggy motion which makes it difficult to maintain stops...
I am not used to so much praise. There's always this feeling of the rug being pulled from under my feet. To be fair I am only a part-time trader...
Revenue - Expense If revenue is limited then of course expense needs to be curtailed. Living beyond means is a recipe for disaster. Gringo
Depends on one's choice. Intra-day traders will continue trading. Those who wait for larger moves on daily or weekly will have to wait until a...
All this price action is happening around the median. For easier trading just wait for the trend lines to be approached and follow the plan. Those...
Q's are at bottom on TR on daily and still at the median in the weekly TC. Price has been dropping for five days in a row. Sooner or later the...
This is essentially what we do when price reaches the top or bottom of TC or TR. When price reaches the top we look to sell on weakness and when...
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