Dow Intraday charts 14/Feb - 18/Feb

[FetteredChinos]

10,880-900 and down chaps... 😉

might well hit it in the normal session at this rate.. possibly overnight though.


bradley turn date on the 16th.. been accurate for the past couple of years give or take a day...

 

[wellshot]

nastyduck

for ref: comparison to dow

 

[tradesmart]

What was that FC......?

been accurate for the past couple of days give or take a year...?

😉

 

[wellshot]

and, finally

a close up...

 

[FetteredChinos]

b'dum tish TS. i had to read that twice, and then re-read my original one..

crumbs, im either getting old, or tired , or both..

nurse, the screens...!

 

[ChartMan]

Double top and down? 1 more day of ND?Pullback to 800? Plenty of choices....

 

[ChartMan]

Tricky start,but a good run in the middle, if you caught the 800 break.

 

[wellshot]

stopped at tea time

some thoughts

 

[roguetrader]

Nice detail wellshot

 

[wellshot]

thanks rogue trader !

a rule of thumb nicely demonstrated.....

Added by ChartMan so it doesn't get lost-
Everything goes in 'threes'. perfect example.

 

[wellshot]

what do you mean, over trading??!!

only traded for a while today....

went mental...guess we all have those days
i remind myself that indicators are there to do just that...indicate! and not lead the decision making process

used black background this p.m...feeling mellow and went mental..must have been the different colours!

hope the chart makes sense

 

[DaveJB]

Hmmm, dunno if this is of use gents... but I figure you can always ignore it...
Anyone who's read Chick Goslin presumably figured a MACD that used periods of around 3,10,21 or similar with a 49 or 50 SMA would see not outlandishly different SL/ML/TL lines to those described. Here's INTC as of a few minutes back, I am currently short since getting home etc and about 10c currently on the short.

The MACD equates to CG's SL (MACD) and ML (signal line) with a noticeable divergence showing currently.... I'm still short, not least because all the lines are southbound - this is also a 1-2-3 with a breach of the '2' I would suggest. I'm not suggesting a direction as I'm often wrong, although I am personally happy staying short right now for a close at/before 2100 today. I just figured it might be something some would like to have brought to their attention.

Dave
Edited a lot to try to get an image in it that wasn't 3 ft wide... apologies all round!

 

[cloudbase]

wellshot.........thanks for the very informative charts, helped greatly.
I had not read any significance into gaps on the 1 min chart untill now,
and what is interesting, if you project the gaps into the future, they become
tradable support and resistance.

cheers Steve

 

[ChartMan]

I'll have some of what WellShot is on.... 🙂

 

[DaveJB]

Good idea, probably...
I'm now a bit happier at about 20c up (it takes little to make me happy these days) with support apparently at 23.72 and little sign of serious support actually kicking in.... I think 23.72 is going to go. Check the daily chart, we're on bar 2 of a downmove, it's maybe 50% down the last big up candle, the price also looks incapable of breaching the last top from November.
As I'm SB'ing this one I started 8c behind, so my 'call' is now 28c up.... any other opinions? I'm used to being wrong but this just looks like a fairly basic climb onto a downtrend.

 

[ChartMan]

Well I never. I'ts like magic... 3 pk ND top and a drop to the lower support line that's been floating in mid air since ages ago.... How did that happen? :cheesy:

 

[ChartMan]

Not convinced about the CCI bump PD but the 10 min chart does suggest we're on suport....

 

[bansir]

Hi Folks,
Anyone spot the nice little base range, A-B with slight overshoot at X?

With hind sight I think this could have been played, taking a long of the retest of the breakout of the upper channel line using the channel width to set a target of '800 ish.

Best Regards,
Neil

 

[sall]

Guy/gals , just a quick question I 've just switched to sierra charts, what's the symbol for the YM contract , I've tried Q'H doesn't work..
cheers

 

[Quercus]

Sall, if you're with IB/Sierra then it's YM-200503-ECBOT. If it's MyTrack then the symbol after the Q is NOT an apostophe, it slants backwards. This is found just to the left of the space bar on a laptop, and by memory I think it's up in the topleft of a desktop keyboard!
Hope this helps
Q