Maybe too much a trader's mentality took over. The moment support held the reason to stay short became less convincing. Price is moving sideways...
Q's couldn't crack 82.5 so it wouldn't be too unwise to ease up on those shorts before the end of the day. Gringo
Q's broke the DL and price was unable to make new high. In fact price turned south from there. I would consider this a sign of weakness. The...
Oh Db. Why put salt on old wounds. Those days of my knowing all the shapes price could take, but not knowing the behaviour of price itself....
Someone asked me why this stock (FIO) wasn't doing well. I hadn't even heard of it, so I opened the chart and looked at the price. The weekly...
Good enough for today Db. Good work there. Gringo
Don't worry about it. I miss these kinds of moves as well. What's important is to learn from it. What Db pointed out today needs to be printed...
What an exciting day. Stick with the straight lines and get in when you see RET after SL/DL break. Gringo
Price wasn't able to continue up after the break of the demand line. There was an attempt by demand but the supply overwhelmed this demand and...
Ok. I see what you mean. I had only eyed it. Drawing the DL makes it an iffy scenario. Ok, Heroic you keep doing what you are doing and...
RET before DL break? I always think DL breaks then RET. Am I losing it again? Gringo
For the purposes of this thread any demand line break is sufficient for an exit. If you have the stomach to handle it then a wiggle room can be...
Heroic, Your sketches are wonderful. Despite the entry in the third sketch looking better, and being better, I still would go for the entry in...
Difference between a retracement and a test. I think you answered it today in your blog. Gringo
We have a break in demand line around potential resistance. The price drop hasn't been server so far. What's important to note is the difficulty...
I have updated the stock price with a preliminary trend channel that is downward sloping. It might not be that important, but having it here...
A few times my friends ask me questions about stocks and this will make it easier for me to post it all in one place. Stocks seem to generate...
I am in agreement with what you have said. The overbought condition is simply a gauge to stay alert and not a buy or sell signal. The trend has...
TSLA seems to be heading below the support. I am not trading any stocks so this is more for my keeping my analysis sharp and also for some fun....
Niko, The point I was trying to make was that you don't specifically need to become a master of hinges. The same straight line method with...
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