Never try to catch falling knifes. Falling knives, on the other hand . . .
For those who hung around, there was a short trigger at 1014. This was stopped out at 1016. After that, there was a supply line break at 1027....
Remember, though, you can't go short until you're out of the long. And "the drill" is getting out when the DL is broken. In this case, 88.
Given the slackening in pace, getting out and standing aside would not be unreasonable, particularly considering the profit so far.
Another reststop.
Think about all those people who are shorting and getting stopped out.
Try listening to your heart.
Actually, you shouldn't. If you want to look at just T&S, fine, but the "depth" of the market is irrelevant. Or you could just plot a 1t chart and...
Whether or not the ACD thread is popular and whether or not anybody there is making a living with it is beside the point. Woodie's CCI used to be...
Yes.
It has nothing to do with lines, straight or otherwise, but rather with an understanding of the nature of supply and demand. As to the...
If by "TA" you mean indicators, then, yes, they often misrepresent what price is saying. But it doesn't take anywhere near 10,000 hours to...
Paul Farrell? Seriously?
"A" tool. Not "the" tool.
I like that. Esp the part about the money. For most, the money is primary. Which is why they fail.
I suggest you go over a few days' PA and examine those points at which you would have scratched and note which of those trades would have amounted...
No. Wrong. There are no "other times". Learn to scratch. Be completely at ease with it. Once you're out, you can always get back in. There is no...
This is not easy for most. Their egos won't allow them to scratch. But it's absolutely essential if one is going to be successful long-term.
Aside from all the lines and scratches, don't lose sight of the fact that price has gone nowhere for an hour. It's perfectly okay to say "enough"...
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