yeah its a pretty common pattern....look for a breakout of the 4hr diagonal trendline for any further upside....its deciding what to do right now in this consolidation phase here

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couldn't have said it any better myself....good to have you around birdt. also I checked whc trader does carry the dollar index....

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No need for sorrys here everyone working together .....now if you made fun of my mother that's another story.

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I'll cut it off at 1-2% if it gets that far but usually if a trade is not working out as planned I'm out before then. Alot of traders feel the need to "marry" themselves to a fixed stop loss, when most of the time they can tell that price isn't ...

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I have a really weird schedule.......I work from usually 11pm throughout the night, try to get into bed by around 8 or 9 am. Sleep a few hours, then get up around 3pm or so. Not for the faint heart.

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And Banda sorry I dont mean to sound to be "on the attack" I'm very glad you asked......clarity is something we like around here!

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For example: "Again this equity rally could have us selling the dollar temporarily but hopefully only into more attractive levels for buys. I suspect we will get a good sized correction tonight (USD selling) into tomorrow if equities stay strong, ...

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I'm good! 'Yeah this post might help clear it up: url Also I threw up a few red flags in regards to the potential upside today in the commentary due to the equity movements.......I did actually receve a couple emails about this so I encourage ...

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I just saw this after I posted. Exactly what I was thinking.

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Hi lafedgar, in a case like this you would want to use the last wave up as a potential to go long on (EG the base made at 1.5990) - not necessarily past activity. Either way I'm a little uncertain of continuation here as it seems price seems to be ...

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Hi Walt, nothing too counterintuitive here, support and resistance is support and resistance, and they can be played either by fading or on breakouts. I know that most of the trades I post here are fades, but alot of my profits come from breakouts ...

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Hi there, in regards to your question, I do the following usually: -determine a macro strategy, or, in general, where price might be headed based on OVERALL conditions of the market. -what key indications are telling me otherwise for the day. For ...

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yeah DeMark same thing.....I did a lot of learning from them and occasionally I will refer to their work but overall not everything. Its always good to have a bank of strategies in your brain, if you know what I mean.

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Hi - I just did a lot of learning from him when I was starting out but I honestly dont look at any of his stuff anymore. I just dont really have any use for it anymore. But he makes a lot of very good points, ot just about 123's but all of his other ...

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Hi avi, you'll see more volatility on Fridays. When monday comes around, everything is already off the books.

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yes, I do not have a crystal ball. this is going on my refrigerator.

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the more hits the better, the stronger it gets, the stronger the breakout, generally speaking. atleast 2 hits with failures, and entry on the breakouts is usually the moment they get violated or a pullback up to the level if missed.

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Hi - when I say 'take the best' I mean we can all take a look at a chart and tell, even with very limited experience, which trades hold a much higher probability for success versus those that dont. They're very obvious sometimes. Just meant to be ...

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Hi there, I think as you get more comfortable you can let positions run a little longer in general withough the need to scapl for profits early on, and in fact I would recommend trying to wean your way into doing that after a little while. Also you ...

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Hi everyone, just popping in....made some updates but will get around to the questions when I have some time. Bye for now!

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