Two areas for the Euro. 1.1270 and 1.1370.

.886 W2 again?

This backtest may send the Euro to 1.1370.

I would like to see one more leg up to around 1200 in gold.

I just woke up and was checking the market when I saw my note that I left screaming at myself to make sure I post those Euro charts I mentioned, and some charts from the ES. I am fried and groggy and want to go back to bed, but I'm going to post them now (I've had comp issues that have prevented me from posting charts in here, text only).

Here's the Euro charts. These are just for fun posts. ES in the next post.







Charts created on QCharts, courtesy eSignal

Here's an ES entry. I was looking at this area. The point of this post is twofold. One: do some work on this and try to understand why I saw this very spot/area for entry. Two: is that timing insane, or what?

Let me caveat this right off. I never post trades. Everything I do is 'educational' in all aspects. I don't do picks, and to avoid any confusion, even a hint at claims, or anything of any sort, I never post any actual trades (as you can see from all my posts, no specific entries, no discussion of exact exit points, fills, and so on). All this is explained on the KT website. So, in light of all that, this is to be considered a 'simulation trade' entry chart for the sake of this post.

I was watching this, and I saw an early entry trigger (look around 3:32 and 3:39), which I thought was good, but it had very low confirmation. The risk of waiting was the possibility of missing out. So, some position might be opened on the first trigger, then one can wait for another, better confirmation shot. This is the one shown below. Keep in mind, though (and that's part of what I want people to study here), both are insanely low confirmation in the 'context' of the appropriate timeframe.

So, there could be a lot of 'luck' in timing this this precisely, but I thought there was a lot of 'market sense' and price action reading. Do not try this at home! BTW, it was 1 AM my time when this trigger below hit. As everyone knows, I like to take a big nap and then get up for the European open at midnight my time, stay up for a half hour to hour, then hit the sack, and if I have a position I'd be looking at trailing stops to run the play. This one was about as late as I can usually stay alert enough to do a good read, and I was hoping something would happen soon. I thought this one would be interesting to study.

P.S. The QCharts chart is set to EST, but Ninja is set to PST, where I am. I want it set to EST but I have never been able to figure out in all these years how to change it. That's why the times are off by three hours.










First chart created on NInjaTrader

Second chart created on QCharts, courtesy eSignal

great charts jim. Behold the abcd at .447 yesterday at the open in spx ;)

47-51

bear abcd at you know where