I just received a question whether HPQ is a buy here, which made me realize, that now is a good time to reiterate how to interpret the charts and data presented on this blog.

As the disclaimer on the left clearly states, there are no trade recommendations given.

Different people trade different strategies and timeframes and one size does not fit all.

As a rule of thumb, for swing and countertrend traders, price penetration of one of the channels should be an indication to consider trades in the opposite direction.

The pivot line should provide trend followers with a guidance when to consider long/short positions.

The Long/Short risk/reward ratios, and the Risk/Reward Oscillator should give all types of traders and idea whether the odds favor the long or short side.

The daily pivots should provide not only day-traders, but long term traders and investors alike with clues where to place their buy/sell and stop/loss orders in order to maximize results.

Ultimately, however, the trading decision rests with the trader/investor himself, and depends entirely on his/her circumstances. Trading is a game of odds, and there are no sure things.

This is not a black box system that spits out buy/sell recommendations, merely a tool aiming to help traders make informed decisions.