FTSE 100 Intraday - November

[bonsai]

azn seems to have gone from +12 to -12

 

[mully]

Dax isn't a pretty picture

 

[bonsai]

looks like we're going back into that congested area about 4335 ?

then we will see what's what, what !

lol

 

[Lambchops]

Is that a reverse head and shoulders?

 

[bonsai]

don't know LC, don't really use that so I don't know how
to define it.

what I do see is a rejection of the old 'value' area and a bounce
off my 1 day sma and a return above the gain line.

oops, just gone under.

 

[jonnyy40]

Trouble is if you look hard enough you'll see dozens of them.

 

[mully]

Lampchops:

"Appearances are deceptive"

 

[mully]

or as John Piper remarked:
"All patterns on the market are meaningless-unless confirmed. Once confirmed they remain of some note until negated." (page 183)

 

[bonsai]

mully
and I think that is right as well.
you need to see continual confirmation of some sort ?
and when something changes it's wiser (not necessarily better)
to get out.

at the moment I have a bounce up off the one day, rejection
from congestion, move into new congestion.
downside is, it might get accepted at this level, its left a gap behind,and its now overbought.
but so far nothing has changed.

 

[mully]

We are once again back into Monday's value range and currently at the top of that range. This will test the market's conviction.

 

[jonnyy40]

I decided to make the system more sensitive and am now back to where I was at the start of last week.Got to get this gambling streak under control.

 

[Lambchops]

Bonsai - How far do you go back when checking congestion?

 

[lockstock]

Do I have data missing from this UKX sierra cash chart ? Iam looking at the 2 gaps 4365 & 4323/4338 areas.





Cheers in advance.

 

[bonsai]

at the moment, I have 2 models.
one is the last time we were here which was 2/3 days ago and the other is the previous time we were here which was about
middle of october.

 

[bonsai]

how long is each bar ?
don't think I can help as I dont use candles.

but I dont immediately recognise the activity on the 10th.

 

[lockstock]

15 mins,

Yep,

looks like there's a whole bunch of data missing for the 10th.

 

[sandpiper]

lockstock,

MyTrack still haven't recovered the 5 hours of missing FTSE data from the 10th or the 30 mins missing from yesterdays open.

 

[lockstock]

Sandpiper,

Is there anywhere to download a data patch for missing data?

 

[bonsai]

a touch of ringcraft needed here I suspect.
Is this a genuine fall or is it the 2.30 set up which might be used to fill the gap ?

 

[jonnyy40]

I complained about missing data on the 10th? and was told it was a problem on the exchange end.Unfortunately this meant the data was unrecoverable.If you've tried editing minute data and it doesn't come back I'm afraid it's probably gone for good.