Seems to me the only people who don't use charts are those who trade on an extremely long term basis on fundamentals. Trying to trade short-term...
Looks like a "sit and watch" day for me so far.
OK permabears, time for you to shine. :)
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Well, in my mind a triangle (for this example, a descending triangle) is where price can't seem to get lower than a certain point but keeps...
Yeah, I could see that, but it's hard to jump on a downside breakout with the 20 EMA on the 5 minute right there.
I was looking at the 5 minute from 10:30 ct to 11 ct, after that the ascending triangle broke down.
I'm looking for another break to the upside--it's sort of triangulating.
Yeah, seems to me we're fighting about whether the uptrend on the 5-minute will beat the downtrend on the 60-minute.
I'd really appreciate it if you could post a chart showing the channel you're discussing. Thanks.
Yeesh, I didn't think it would break up, thought it might just ooze on over sideways and slightly up.
I'm gonna try again at 46.
Stopped. I successfully avoided a recent problem of mine of moving my stop to B/E to early. :/ Maybe I should have done that on a breakout...
In it, buy stop at .55.
I've got a sell stop at .44, for the break of a kinda-triangle.
Same here--it just got its fifth touch on the one minute.
I think it was "truck the fend." :D
I dunno. I'm starting to believe IV's conspiracy theory--thinking about jumping on a big afternoon reversal.
OK, who ordered the chop with a side of froth? Please stop, thanks.
Man, I should write a book called "How to be Right about Market Direction but Still Lose Money." I swear I'd be a rich mofo if I could just get...
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