Candle Pattern
The mid point of that HV 8:30a.m. ET 5min. candle acted as
resistance...if you had an s1 or other # there this would
confirm that area
resistance...if you had an s1 or other # there this would
confirm that area
Originally posted by redsixspeed
Originally posted by redsixspeed
I cal. longer term fib areas using four different sets of #s.
Those #s gave the following 50% fib retrace #s:
1126.25 / 1125.25 / 1121.37 / 1119.00
1119.00 is the boss imo.
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dang !! we back here again
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We have been in this area for ever. I thought last Fridays # would
move us out. FOMC is next. The only way fomc will move it is to
cut the rate...You think that will happen..... LOL
A lot of talk about trading systems. I was getting email from
Dan Murphy who has a trading system. I think he started with
10k and the last email I got was up to 60k in a couple months.
He lets the system do all the work and sits thru any draw down.
I stopped taking mail from him and now I wonder what happened
on May 6th.
Dan Murphy who has a trading system. I think he started with
10k and the last email I got was up to 60k in a couple months.
He lets the system do all the work and sits thru any draw down.
I stopped taking mail from him and now I wonder what happened
on May 6th.
I read on another site the importance of June 21th.
Pull up a 3mo. daily and see the price action on that day
Pull up a 3mo. daily and see the price action on that day
Originally posted by redsixspeed
I read on another site the importance of June 21th.
Pull up a 3mo. daily and see the price action on that day
Look at the quarterly BE candle. Others call the bar a double close key reversal pattern. In this case the bar actually took out three previous closing highs.
and we closed @ the 1119.00 area...it don't want to give it up
To the downside two zones I have are
T1 1069.75/1065.25
T2 1055.75/1050.50
that 1055.75 is @ the flash crash low
I have a third target but T1 & T2 imo are stronger targets
as a day trader I target short range I am aware there are longer
range targets but I'am near sighted in trading..
T1 1069.75/1065.25
T2 1055.75/1050.50
that 1055.75 is @ the flash crash low
I have a third target but T1 & T2 imo are stronger targets
as a day trader I target short range I am aware there are longer
range targets but I'am near sighted in trading..
The targets I just posted are found using the technique in Nison book
I haven't had a chance yet to see if any EW patterns complete at your targets but I like T1 area against the rising window support.
Originally posted by redsixspeed
To the downside two zones I have are
T1 1069.75/1065.25
T2 1055.75/1050.50
that 1055.75 is @ the flash crash low
I have a third target but T1 & T2 imo are stronger targets
as a day trader I target short range I am aware there are longer
range targets but I'am near sighted in trading..
opening 5min. low 1070.50 +.75 above the top Of my T1 zone
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...
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