Lines
GOLD: TRADING VIEW 09/04At this point the price has been unable to keep moving lower, therefore the most immediate down trend channel is no longer valid because it doesn’t represent the price behavior. Therefore until now after two trend channels that have failed to consolidate its movement (uptrend and downtrend) now one can identify an area of congestion where the buyers and sellers are agree in the value of this asset.
In this order of ideas I would prefer to wait until the price reach some of the extremes in order to take a position in the market
GOLD: TRADING VIEW 25/03As mention before, the price has reached the most immediate Support area, and here is where the things are interesting
... why? ...
Because at the extremes one is able to find opportunities for entry with a small risk relative to its potential profit, moreover if you are wrong in the initial hypothesis is easy to scratch the trade and be ready for re enter the market
.... therefore be ready to pull the triggered depending on your strategy and look for the continuation of the down movement or the false break out of the support, in any case right now I would be looking to enter short only if there are followers below the most immediate Swing Low
GOLD: TRADING VIEW 17/03The price has made a false break out, because there were no follow through to the downside (No followers) in this order of ideas, the price has returned to the Trend Channel, notwithstanding is important to keep an eye around the 1280-1284 (Resistance) becuse if this area is able to hold is most likely that we are facing a trading range but in the other hand, if the price is able to break above this area, the uptrend can be confirmed and the expectations of an up movement for the longer term can be consider once again.
Radioshack Corp -RSH -Daily - Quarterly "Box" TrendlinesI like the idea of plotting the entire quarter around the price action so you can see where the stock is during the beginning and end of a quarter and how the quarters stack up against each other.
Then I noticed that a trendline across the top right corner of the quarter gave an interesting price level and then kept drawing them. Notice they are somewhat interesting in this chart of RSH.
Do some work on your own and see what you find.
Tim
9/27/2014 4:03PM EST