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- bagoomba replied Feb 27, 2021
It works. Using belie's settings above, it shows profitable.
- bagoomba replied Jun 1, 2009
4050-4120 — Downward on the 4HR to the bottom of the channel. Based on this early turn, looks like we could get down to somewhere between 4050 and 4120 before heading back up.
- bagoomba replied Jun 1, 2009
Agreed..I think we're gonna wind down a bit then head higher. I'm seeing a downward wedge confirm on the 15min.
- bagoomba replied May 31, 2009
And then head to 4200
- bagoomba replied May 31, 2009
Where does it stop? — Could get interesting in a few. I have been counting on the big bulls to push through the resistance at 4150. Bullish ticks still outstrip bearish ticks, but volume is down...
- bagoomba replied May 31, 2009
What period do you have for your RSI? I'm using 8, and show an RSI of 17 when we hit the 3791 low Thursday morning.
- bagoomba replied May 31, 2009
Bullish start for the week? — If the 4 hour channel holds up, I think we could potentially be looking at 4300 in the next few days. According to the Murrey Math indicator we're in an area of resistance, but this move started from an extremely ...
- bagoomba replied May 27, 2009
An example — This is just one example...
- bagoomba replied May 27, 2009
Volume trends cont'd — This is a classic example. Volume has increased each channel as the price has moved up. Now that a red bar appears, volume stays low.
- bagoomba replied May 27, 2009
All aboard! — I'm inclined to agree with you and have jumped the train to 3955. Volume died on the way down and has started picking up as these last two candles have gone green. We've also got an ascending triangle forming at the end of this ...
- bagoomba replied May 27, 2009
Shorts down — I'm short to 3860. I've been following volume and it's been negative for more than 2 hours now. I've been reading "Trading for a Living" and he makes a great point that volume will reflect the trend. i.e. low volume on an up ...
- bagoomba replied May 27, 2009
Running of the bulls — I think we could hit 4150 first, but then we'll be back down. There's an ascending wedge on the 4hr chart. That is ultimately bearish, but we have a triangle breakout to work through to the upside on the 30min chart. ...
- bagoomba replied May 26, 2009
Bling, here's what is showing up on my 30min chart. Looks and acting like a triangle reversal. If it holds, we're headed up. The way I read your chart as well, we're on the bottom of a channel and have upside.
- bagoomba replied May 26, 2009
Ascending Triangle — Ascending triangle pattern. Heading North. All aboard!
- bagoomba replied May 26, 2009
Ascending Wedge Finish — I couldn't sleep... I was calling it higher first because there was plenty of room North in the wedge and it looked like to was starting to rebound off support when I posted earlier. It looks like it hit about 1.4045 ...
- bagoomba replied May 26, 2009
H4 Pattern — It looks like an ascending wedge is forming. If so, it looks like we could see 3740.
- bagoomba replied May 25, 2009
Respect the 100SMA — Place a buy stop just above the 23.6 retrace. The market respects the 100SMA so I will too. I don't think it will break the 61.8 though.
- bagoomba replied May 25, 2009
4HR Channel — FX, where are you drawing your fib to? I have mine from Friday's high back to April 22's low. At that range, the 23.6 retrace would just about hit the bottom of a H4 upward channel. You seeing the same thing? I have managed to ...
- bagoomba replied May 21, 2009
Temporary top — If this candle holds down strong it looks like a short-term top to me. I've got a short stop in just below the R1 and 50% fib at 1.3820. If it makes it down that far I think we're on to make it back to the open.
- bagoomba replied May 21, 2009
Ola — Hello all. After yesterday's strong start and abysmal end I am duly humbled and scared that I don't know what the **** I'm doing. Here's what I'm looking at on the M15. Looks to me like we're shaping up a large channel. If it confirms, ...