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KO
koolblue
Rep: 48,651
Posts: 16,032
GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
KO
koolblue
Rep: 48,651
Posts: 16,032
looks correct to me, same as VO'S METHODS TOO. he JUST HAS VERY GOOD RULES FOR ENTRIES
PA
palmer
Rep: 415
Posts: 675
yep this up move seem corrective- so fib lines should be resistance
KO
koolblue
Rep: 48,651
Posts: 16,032
COVERED AT 831 ..B E ,.. SORRY I COULD POST IT WOULDNT LET ME! ITS GOING DOWN FURTHER TO RELIEVE THE OVERBOUGHT CONDITION ON THE 5 MIN CHART
KO
koolblue
Rep: 48,651
Posts: 16,032
UGH... SHOWS WHAT I KNOW!#%%@#%#
KO
koolblue
Rep: 48,651
Posts: 16,032
ITLL LIKELY HALT HERE TEMP. CAUSE ITS TOO DAM OVERBOUGHT TO GO STRAIGHT TO THE 15 MIN PROJ!
MA
Margie
Rep: 94
Posts: 364
I show 12:24 mini low
VO
VOwater
Rep: 133
Posts: 4,121
pt emini...yes those are extensions off the bottom...the technique your employing there is kools price projection, which is looking for the 261.8, which should be a natural sell area. Kools projections dont look for those minor areas that put up res. on the way to the ultimate number 261.8...more in a bit
JA
JackS65
Rep: 100
Posts: 379
We either reached or are near the end of the ABC Wave 4. If this is true we would then have a move down a Wave 5.
PA
palmer
Rep: 415
Posts: 675
missed me by 2 ticks rrrrrrrrrrrrrrrrrg
JA
JackS65
Rep: 100
Posts: 379
I've gone short 2.
PT
pt_emini
Rep: 5,707
Posts: 1,940
Welcome to the forum UKtradergirl


These dynamic charts (volume and tick charts) take a little getting used to at first. VO uses a 610 tick chart which matches my volume chart fairly closely.