JTH's Account Talk

[Bquat]

Alright, I'm blogged out for now. It's difficult to maintain this level of intensity, work has been busy, so if I'm smart, I'll slow down a bit.

Latest Blog: Market Update: PnF's Range Compression

Yes, I'm very surprised with your activity as of late. Don't burn yourself out. One daily or a biweekly would be ok with updates on PNF events. A little less is preferred to a burnout.

 

[Whipsaw]

Thanks for all the great analysis JTH, but yeah, don't over do it, you could pull something!

 

[JTH]

Thanks for all the great analysis JTH, but yeah, don't over do it, you could pull something!

No problem, things were getting a bit out of hand, so I spent some time consolidating some task, reducing the time required to perform them.

 

[law87]

Alright, I'm blogged out for now. It's difficult to maintain this level of intensity, work has been busy, so if I'm smart, I'll slow down a bit.

Latest Blog: Market Update: PnF's Range Compression

enjoy life first, making money second.. take care

 

[JTH]

enjoy life first, making money second.. take care

It's all good, I only have 2 speeds, stop, and go fast...

Latest Blog: Trading the Stats - Week 2

 

[JTH]

Here's some charts I updated last night and meant to post before the open. The patterns have already executed. The open gap at 2025 is now filled.

View attachment 31960

View attachment 31961

 

[JTH]

View attachment 31971

 

[alevin]

love the chart, JTH! appeals to my artistic side. the stairsteps on volume are something I've never noticed before. interrresting! thanks.

 

[JTH]

love the chart, JTH! appeals to my artistic side. the stairsteps on volume are something I've never noticed before. interrresting! thanks.

Thank you, it's always fun to go back to my roots

 

[jkenjohnson]

Thank you, it's always fun to go back to my roots

Looks like you are testing some moves with 3 different JTH's on the Auto Tracker.

 

[Bquat]

Post 2009, volume commitment usually means prices are going down, while light volume has been floating these markets up. So while there does not seem to be much volume on the recent gap up, that doesn't mean it's a bad thing.

Area gaped again with even lower volume. Do you think third time is the charm::blink:

 

[OBXTrader]

I know what it means in baseball.

Area gaped again with even lower volume. Do you think third time is the charm::blink:

 

[JTH]

Put your big boy pants on, this is going to get exciting...

View attachment 31976

 

[law87]

Put your big boy pants on, this is going to get exciting...

View attachment 31976

What is all that mean? Low up volume with major sells volume. More selling to come?

 

[pmaloney]

If your going to surf the big waves have got to be the most exciting! Of course I grew up in Florida and never saw any really big waves especially not as big as today's. :laugh:

 

[JTH]

What is all that mean? Low up volume with major sells volume. More selling to come?

Here's a long-term example, when low-volume conditions dissipate, it generally means we've run out of buyers to sustain the rise in prices. What tends to follow is a surge in volume because stops tend to be tighter at 52-week highs (my theory.) While there are still folks buying at 52-week highs, the early birds are taking profits, which is why we tend to see rounded-flat tops. What follows is a surge in seller's volume, the more fear there is, the tighter the stop, with the tighter stops getting triggered faster, we see the escalation of downsliding prices. This is why we usually go down faster than we go up.

View attachment 31980

 

[law87]

JTH, do you think this is the year for gold to rise again to 1600?

 

[WorkFE]

Folks stepped in and saved my arse yesterday and I'm not complaining.

 

[rktect1]

 

[JTH]

JTH, do you think this is the year for gold to rise again to 1600?

1st answer is no, second answer is I don't watch gold all that much, 3rd answer is at a current price of $1,230, I think 1600 is unrealistic at this time.