This is probably the best scenario I've ever read to describe retrace vs. reversal. Nice post. :)
[IMG] Pretty bullish on the 60 minute chart. Gapped right back into that rising channel and above the prior high. Passed a lil pullback test...
I scalp the YM using the 1 minute chart. I have used 144 tick prior and it worked pretty well depending on the amount of action that day. Volume...
You use that for ES I presume? Are you doing more of a position/daytrade with that volume frame or are you scalping? Thanks, MC
[IMG] While the paper markets are in breakdown mode...commod's should bounce. Silver looks prime for a bounce IMO. Tight stop and quite a bit...
[IMG] The most recent down move has built bullish divergence where price tested lows yet the MACD as well as the MACD histogram failed to even...
[IMG] Get ready...somethings gotta give. 2 days now TRIN has been moving in tandem to the DJI. These are meant to be inverse to one another so...
[img] [img] Still plenty of resistance ahead on the markets overall. DJI has no divergence on a weekly going into this move so perhaps the...
Typo on the last post...it should read 10,700 of course. Sorry
The above I posted on the web on Jan. 23rd. The levels I posted back then are coming up. 11,700 remains the most important level I can see. If we...
[IMG] HRMMMM Could it be???? A longer period intraday chart with a test sans the 1 minute noise and micromanagement we all thrive on??? ;)...
[IMG] The bigger picture, why can it be important to not solely focus on micro levels and step back sometimes? In addition to my micro level...
[img] I called for a pullback test back on April 18th. I never thought it would have went this way and taken so long, but here is our test...
Just because you googled him and he came up in 1 chat log for puretick dosen't mean he is affiliated with them, or even a member. Just because...
PM me for a link to my thread of rants. It's not on ET so I won't post a link here but it's an open invitation to discuss inflation, the flaws of...
The best posts/threads are timeless IMO. The core market concepts that win don't change all that much, especially market psychology discussions....
True, I just can't believe this thread keeps going on. LOL :eek:
On something like futures that are highly leveraged you don't need HUGE amounts of cash like you do on stocks to achieve the same profit. In fact...
Yep, scared money means you don't or can't fully embrace the risk. That's just going to cause errors, 2nd guessing and overall bad trades. You...
I should have updated. Long term I still am bullish but I kind of expect a test of the 12,100 range on the dow mini. There was distribution at...
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