hey, ho I always do scare too easily - now if I hadn't been glued to the screen.......Sharkfin,
Welcome to T2W.
You can get free data for quite a few sources....try yahoo as a starter. They also provide moving averages as part of the charting.
Barjon,
Too much reliance on the US on my part...rarely see bull flag o the FTSE but they tend to deliver more oten than not.
Welcome to T2W.
You can get free data for quite a few sources....try yahoo as a starter. They also provide moving averages as part of the charting.
Barjon,
Too much reliance on the US on my part...rarely see bull flag o the FTSE but they tend to deliver more oten than not.
barjon
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nice day to return, but should have had more courage after Fin had waved the flag -
particularly since target was co-incident with my mid-point down candle resistance
(which held eod). Now it's interesting, which mid-point will hold? 550 resistance again, or
518 support? Or perhaps neither!!!!! Tomorrow we'll see (or perhaps not!! )
particularly since target was co-incident with my mid-point down candle resistance
(which held eod). Now it's interesting, which mid-point will hold? 550 resistance again, or
518 support? Or perhaps neither!!!!! Tomorrow we'll see (or perhaps not!! )
Attachments
As Finirama pointed out earlier, trendline was broken first thing this morning. Bullish development.
Note how the trendline then acted as support on the sell off in the first 1 1/2 hours.
Some hesitation at Thursday high (4532 ish) before breaking up to touch 4558 at best. This appears also to have been the low on the 27/04/2004.
I have put the new trendline in to show support.
However, there may be another test of this rally as it is rapidly closing in on the original descending breakline coming off the peak of 4602.
So bullish day (but all subject to no shocks from Mr Greenspan in 1 hours time
Note how the trendline then acted as support on the sell off in the first 1 1/2 hours.
Some hesitation at Thursday high (4532 ish) before breaking up to touch 4558 at best. This appears also to have been the low on the 27/04/2004.
I have put the new trendline in to show support.
However, there may be another test of this rally as it is rapidly closing in on the original descending breakline coming off the peak of 4602.
So bullish day (but all subject to no shocks from Mr Greenspan in 1 hours time
Attachments
Last edited:
MGBRoadster
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bracke said:
Thanks Bracke, made about 60 points today.
First day of the month is nearly always worth a long
For those waiting for the Fed's decision here is a reminder of the important words used last time:
"The Committee perceives the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. The probability of an unwelcome fall in inflation has diminished in recent months and now appears almost equal to that of a rise in inflation. With inflation quite low and resource use slack, the Committee believes that it can be patient in removing its policy accommodation..."
The betting must be the removal/change of "patient"
"The Committee perceives the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. The probability of an unwelcome fall in inflation has diminished in recent months and now appears almost equal to that of a rise in inflation. With inflation quite low and resource use slack, the Committee believes that it can be patient in removing its policy accommodation..."
The betting must be the removal/change of "patient"
FOMC statement
Here is the relevant part of the statement:
"The Committee perceives the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. Similarly, the risks to the goal of price stability have moved into balance. At this juncture, with inflation low and resource use slack, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured.
Here is the relevant part of the statement:
"The Committee perceives the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. Similarly, the risks to the goal of price stability have moved into balance. At this juncture, with inflation low and resource use slack, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured.
[Morning All,
The 1:1 ratio move up marked the top yesterday with 2 peak negative divergence RSI. Pullback to 100ema marked a long, especially with trendline support. Didn't take it..still in bed!!!
Short from bounce of Mullys downward trendline with a close stop in case we do manage to break through. Also added top channel line for upward target.
The 1:1 ratio move up marked the top yesterday with 2 peak negative divergence RSI. Pullback to 100ema marked a long, especially with trendline support. Didn't take it..still in bed!!!
Short from bounce of Mullys downward trendline with a close stop in case we do manage to break through. Also added top channel line for upward target.
Attachments
barjon
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mornin' all
Mully - only just realised that Bonsai has passed on the baton - it takes me just as long to identify
that the trend has changed!!. Thanks and well done for keeping it going. Like fin I hope more contribute
(perhaps those who don't see what they want here might say what they do want to see?). I've never been
sure if anyone's particularly interested in the candle posts I make, but I'll keep them going unless you
think otherwise. Will be out and about today tho' and a bit doubtful for rest of week (gotta get to grips
will the mile long grass after my absence). Thanks again.
good trading
jon
Mully - only just realised that Bonsai has passed on the baton - it takes me just as long to identify
that the trend has changed!!. Thanks and well done for keeping it going. Like fin I hope more contribute
(perhaps those who don't see what they want here might say what they do want to see?). I've never been
sure if anyone's particularly interested in the candle posts I make, but I'll keep them going unless you
think otherwise. Will be out and about today tho' and a bit doubtful for rest of week (gotta get to grips
will the mile long grass after my absence). Thanks again.
good trading
jon
