Digs, I know there are 7200 minutes in the trading week... how would one go about calculating a monthly average? 28,800 (7200*4) / timeframe?

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Think he's just giving you a gentle ribbing man Sounds like you had the right idea, just needed a little more breathing room on the stops.

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I've never looked at stochs... and have no idea how to read them lol. Maybe I should. What settings do you use if I may ask? Tips?

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Seeing is believing. We're in an interesting scenario here, price above weekly average but in an overall downtrend... so I'll probably look to short the resistance area I highlighted, but should not assume that we are resuming the overall bear ...

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image

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Not too long ago, I would have shorted that as well... and looked for a sustained move down. Now, knowing better, I *might* consider shorting it for a scalp, but ATM I am looking for a spot to add to my remaining long position... for all the reasons ...

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I did and I did

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Morning fellas... man I sleep in and you guys get to have all the fun!

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Looking forward to losing my training wheels and learning how to really ride the damn bike lol. I've seen lots of trees but never really felt like I had a good overview of the forest... slowly but surely beginning to make a lot more sense now Digs.

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LOL I actually don't do any body work, I let the guys who know what they're doing handle that. I do all high performance stuff... turbos, brakes, suspension, ECUs, roll bars, etc etc... but I appreciate the analogy Got one in here, big pain in ...

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I'd rather take my chances with death by a thousand cuts rather than death by one huge gutting and it's all over lol.

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I was thinking short because we are well under the weekly avg... but there is a gap to be filled up there for sure. Today's open/daily avg is putting up a damng good fight but I'm not seeing anything compelling yet either way so... hard to say LOL!!

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That's funny, cuz I was seeing something like this LOL... (but I also saw the flag)

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Oh yeah, quick question... I see you reference daily/weekly/quarterly cams, but not a whole lot of mention of monthly. Any reason?

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Hey all! I gotta say... the last few pages have provided some of the most important trading advice I've ever read. Digs, your generosity and unwavering desire to help people is phenomenal. Thank you man, I feel like my eyes are finally open. I will ...

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Dude we would probably figure out how to fix the world, forget how we did it, and either end up in jail or drive a gold plated tractor into a big tree lol.

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Cool... I was waiting for the mid to get hit lol... Man love me some Bailey's and coffee... and some bourbon.. some scotch.. some vodka is good... I'm an equal opportunity alcoholic, I like all of 'em

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So did you take a crack from it just because it was at the midpoint or were there other factors?

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Hell, it's noon on a Friday here <cracks one open>

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I think the real trick is figuring out WHERE to short them from... working on it

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