J
jaichopra
my TA is not good,but could somebody tell me if an expanding triangular shape is bearish. i see it on the dow's hrly chart forming since yesterday regards . jai
One Eyed Shark
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Struggling to find anything to trade so far today. 😢
Was long off 9990 early on, but closed out when it failed to cut through 10k for a handful of points.
Where next ? the danger when it is as quiet as this is that you trade what you think is going to happen next instead of trading off what you see. In my case that is usually when I lose a bucket load of points.
Was long off 9990 early on, but closed out when it failed to cut through 10k for a handful of points.
Where next ? the danger when it is as quiet as this is that you trade what you think is going to happen next instead of trading off what you see. In my case that is usually when I lose a bucket load of points.
One Eyed Shark
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Gecko
My sentiment exactly, that is what I think will happen.
Why don't I make it easy for everybody, I will take a position short then you can all watch it tank +50. :cheesy:
My sentiment exactly, that is what I think will happen.
Why don't I make it easy for everybody, I will take a position short then you can all watch it tank +50. :cheesy:
tradesmart
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Jaichopra – I can see an reducing up-wedge triangle on the 60 min chart with ND RSI – a formation that often produces a downside break at it’s conclusion.
OES - as is often the case, the first hour or so brings the big moves (if you can catch them!) and after that it’s slow moving until the afternoon session, so there could be a good chance coming up…..
Gecko – there will be a substantial correction very shortly imho, but we might not be at the top just yet – I’ll trade it when I see it happen.
ps - looks like a reducing triangle forming on the 1min chart.
OES - as is often the case, the first hour or so brings the big moves (if you can catch them!) and after that it’s slow moving until the afternoon session, so there could be a good chance coming up…..
Gecko – there will be a substantial correction very shortly imho, but we might not be at the top just yet – I’ll trade it when I see it happen.
ps - looks like a reducing triangle forming on the 1min chart.
tradesmart
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tradesmart said:
Top price of the day:- 10055......! 😱
This is very spooky and I can assure you that it was more luck than judgement............
(with a tiny bit of t/a thrown in....... 😉 )
So , are these the channel lines? if so the slope is weakening.A bit... At least 2 days, maybe 4 of RSI divergence.
Is today a bull wedge? At least there's a clear cut long entry Monday at 10,050. Once again the ES closed at HOD and good voleum, so someone knows where this is going..... :cheesy:
Is today a bull wedge? At least there's a clear cut long entry Monday at 10,050. Once again the ES closed at HOD and good voleum, so someone knows where this is going..... :cheesy:
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Take the mouth height ( 10,025 - 9977+ = 48. Add that to the breakout point of 10,022 and you get 10,070. You don't need to be that accurate... but you do need an idea of what the target area is. +/- 10% on your target estimate will be close enough. So in this case 10,065 to 075.
tradesmart
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Ordinarily, if the markets were open, there may have been a classic news spike, then a return to status quo. Will we now see the MM's suck in all the retailers and then bomb back to normal? That will be a far more orderly affair and a fantastic trading opportunity.
