ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
CH
CharterJoe
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FWIW
BEXP is a fav. for my swing stock trading and a fav. pattern on the daily with a thrust breakout on 5/29 and a NR followed by another NR inside day. This ought to be a good trade either way above mondays high for long and below the low for a short.
BEXP is a fav. for my swing stock trading and a fav. pattern on the daily with a thrust breakout on 5/29 and a NR followed by another NR inside day. This ought to be a good trade either way above mondays high for long and below the low for a short.
RE
redsixspeed
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When using trend lines I like when possible to snap the line from pattern to pattern
or to a single candle line ie. doji to doji; however if the pattern or candle line
is in the middle of the move it carries less weight
or to a single candle line ie. doji to doji; however if the pattern or candle line
is in the middle of the move it carries less weight
RE
redsixspeed
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"Where a candle pattern or line appears within the market picture is often more important than the individual candle pattern"
RE
redsixspeed
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Three areas a pattern carries less weight (1) middle of move (2) moments before news (3) moments before the open
A pattern that appears say 15/20 min. prior to news/open, the market is holding a price area until the event takes place. I didn't say they could not be traded but they are weak IMOH.
A pattern that appears say 15/20 min. prior to news/open, the market is holding a price area until the event takes place. I didn't say they could not be traded but they are weak IMOH.
DR
drastic801
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anyone know how many times you need to post before it allows you to email another member? Thanks,.
RE
redsixspeed
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Posts: 1,711
I had projections to downside today. One was to 889.75 the others 882.25
and 874.75 / I thought we would go down ahead of fomc just not this quick.
Just noticed fomc is Wed. I thought it was tomorrow...
and 874.75 / I thought we would go down ahead of fomc just not this quick.
Just noticed fomc is Wed. I thought it was tomorrow...
RE
redsixspeed
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Posts: 1,711
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 ...