Gringo

Breaking away from the old isn't usually a clean process. I also went through it where older way of doing things and methods would start putting doubt in my mind. I would revert to reading other material but the greatest gains came when I just didn't go back to anything non W or Db. I took a few years off to clear my mind of conflicting ideas and as my memory faded I returned to W and Db. That's when it started getting easier. I still don't go back to the old stuff. Getting rid of MA's was a bit scary for me. They were in play from Weinstein to O'neil and all other technical books. It's at this point I started to fly and felt the freedom. It is at this point the SLA-AMT also simplified things to almost a science. It is also at this point I became profitable. Gringo

I posting this with the caveat that it was done a long time ago and has possibly hindsight bias in my comments. Nonetheless it's not bad to see price behaviour and volume changes in relation to price drops. It's another example of distribution being spread out instead of being focused on one climactic day or week. Gringo

Summer is coming to an end. People are going to vacations. Wait till after the Labor Day before activity picks up. Gringo

It's not easy being famous. I can understand your trepidation.

Here's what I am looking at. It's for a longer term perspective. Of course there's nothing written in stone when it comes to how price might behave. Gringo

I am wondering what happened to the oversold indicator lovers these past few days. It must have been catastrophic buying through these oversold conditions. Deep pockets perhaps can withstand such torture but normally a leak in the balloon ends up deflating it over time. Gringo

Time to wake up. Vacations are wonderful. On return finding price around the lower TC - priceless.

What is your plan? The magic words of oblivion.

Is that a serious question?

The whole thing is dependent on the ability to read and judge the supply/demand dynamic. Getting hung up on a round number doesn't really matter as much in my opinion. What you see as a round number on NQ isn't so round on QQQ or Nasdaq. The levels vary. Just look at potential support and resistance and judge the action from there. Anything that focuses on what should be usually makes us disconnect from what is. It's the what is that makes us money or not lose too much of it, not our hopes of what should be. Gringo

UL is fine but LL (lower limit) causes confusion with LL (lower low). Context becomes necessary to understand the comment. Suggestions: ULTC (upper limit of trend channel) LLTC (lower limit of trend channel) Gringo

00 bounce was pretty solid. Demand wasn't playing games. Now are we going to head back down or this is the beginning of the end of this down trend? 1013: Price seems to be having some trouble moving up. 1018: LH 1023: Lack of follow through That wasn't unusual. And if one wanted to play, he could have bought that and ridden it as far as it had gas to go. But then he'd have to know to get out and not expect too much, which he most likely would if he understood the context. Now we just have to wait and see what big money wants to do. Notice it's hovering the middle of the pre-mkt range. 1050: Hinge 1057: Hinge still in play. Traders are in a state of indecision. Keep in mind that price hasn't gone down back to the bottom towards 4300. 1059: Price is also staying above the 50% of today's opening range.

I overheard someone mention Gringo and profound in the same sentence. I am getting a bit worried as my luck must to be getting close to a buying climax. A climax of some sort at any rate.

At times I marvel at the simplicity and consistency of favorable outcomes. Must be something to do with my intelligence. I am genius of sorts with wizardly acumen and cheetah-like reflexes. Wizardly acumen told me to short at failure of TR top, which happened to be the second retracement,and cheetah-like reflexes have kept me in, doing nothing, for the past few business days. Although in all honesty I've been reading two non-trading books simultaneously to ward off boredom. Gringo I assume that nobody is trading interday and shorted the retracement on the daily. But then how can people daytrade if they're not available to trade during the day? We have tons of people watching, but only four people participating, and not all of them are logged in. It's a mystery.

10:24: Large hinge on NQ.

There's something called dedication to the cause. I just might have witnessed it today. Way to go Gamera! :applaud: Gringo

Now that Db is a proponent of AMT it's also turning into dying breed. It gives me hope there might be even greater gains for those who learn to use it wisely. I'd like to read Steidlmayer's original work, before he becama a software king, but it's out of print and I don't want to read it badly enough to pay truckloads of money for it.

I had gone through this issue with him a long time ago and avoiding log price chart was the advice I had received. I don't remember the reason now. I'm guessing it was something to do with rate of price increases (or speed) due to it being log based. Gringo

Have you found your groove or are you still in search of the truth that sits well with your stomach? Gringo

Niko has gone to Tibet to become a monk. He's searching for the zen in him. Gringo

The birds left the nest and never returned. I miss the hustle and bustle of the exciting showdowns.

Niko, EOD trading is a lot easier on the psyche in my opinion. At least one doesn't have to make rapid fire decisions. With extra time at hand other issues crop up, but the routine is not as much of a time hog. I am paying less attention to what's going on in the intra-day world as it tends to pull me into trading more often. Yet, with slower trading, maybe hourly if one likes, there's more time and less stress. Perhaps changing the bar interval might do the trick. I do believe in your case knowledge isn't the problem, and realistically speaking even SLA in itself, without anything to support it, is enough to keep one from sinking altogether. Take this time to see what you want and whether at this moment in time taking it easier and less glamorously might be the right approach. Gringo

One wants me to go short on bird and one wants me to go long. Where's my straight line when I need it? Gringo

A beautiful bird has built a nest over the side door of my house. Now it has three little baby birds and it's all very pleasing to the eyes. There has been a strange side effect though: The bird attacks me every time I want to go through my garage. It comes for my head with screeching sounds and I am forced to run for cover. The nest is around 15 feet away from the garage but somehow the bird has picked me as the mortal enemy. I have been literally forced to hide behind the walls and sneak out of my own house while the bird stalks me. What can I do to make the bird leave me alone? Wyckoff was quite mute when it came to the topic of cohabitation with birds. Hitchcock at least gave it some thought. Gringo

A beautiful bird has built a nest over the side door of my house. Now it has three little baby birds and it's all very pleasing to the eyes. There has been a strange side effect though: The bird attacks me every time I want to go through my garage. It comes for my head with screeching sounds and I am forced to run for cover. The nest is around 15 feet away from the garage but somehow the bird has picked me as the mortal enemy. I have been literally forced to hide behind the walls and sneak out of my own house while the bird stalks me. What can I do to make the bird leave me alone? Wyckoff was quite mute when it came to the topic of cohabitation with birds. Gringo