Just draw a straight line; either a demand line or a supply line. Then focus on what happens after its break. Does price continue in the new...
It's doesn't make much difference how precise the formula is or even what it does. When credit is expanding for every dollar in the economy there...
Niko, You seem to have learned from the late night discussions about entries :D. There was a moment where you sounded Dbesque. Gringo
Talking in general. I'm attempting to answer Db's questions starting from the DL break.
I assumed the price had to fail first to confirm that it was a retracement. By fail I mean supply re-asserting itself while price was on the way...
Re-enter if already out. Get alert for exiting if still in.
I'll be looking for when the halt in drop comes or whether it's accelerating.
Price would keep dropping if sellers are in charge or move sideways if not so?
In reality I look for whether a S/R is somewhere on the left. But for this thread I am assuming we're disregarding all that and focusing only on...
Speed of the decline, by looking at the slope or SL? Gringo Edit: These questions are not only for Niko to answer. They are open to...
What difference does this insider trading make anyways? All trading leaves a mark on the ticker, and all a trader needs is to pay attention to...
Db, You're officially a minimalist. Gringo
Almost everyone doesn't have trouble carrying out the plan, simply because almost everyone doesn't have a plan. Those who have borrowed someone...
Now you know price has gone up quite a bit. You also had a DL from 8:40 onwards. Start paying attention to that DL now. Price also for now...
Niko, You'll never know for sure whether the pullback is a deeper RET or a reversal. Pay more attention to S/R levels and price going against...
Silver has dropped down quite strongly after a show of strength two days ago. This behaviour has been quite baffling and unsettling if one's been...
I am not interested in playing individual stocks. Still I keep an eye on them to ensure I am able to handle them if need be. The reason for...
Apple is another darling going through some rough time. There appears to be a hinge forming and it's resolution might give some indication as to...
Google is in a trading range. It's coming down to test the lower end of this range. It's interesting to note that price wasn't able to reach the...
Technology, although in an uptrend is showing some signs of reduced demand. Price has been hovering around the mean (grey dotted line) for some...
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