US and Euro stocks mounting one more rally before crashing? | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The HolyGrail 1.6 Crashing Mt4 2 replies

Help! my MT4 keeps crashing. 4 replies

"Live Update" crashing MT4? 5 replies

metatrader keeps crashing 2 replies

two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies

Attachments: US and Euro stocks mounting one more rally before crashing?
Exit Attachments

US and Euro stocks mounting one more rally before crashing?

  • #701
  • Feb 27, 2019 5:36am Feb 27, 2019 5:36am
Quoting medici
{quote} Thank you. Not sure I understand...For example, yesterday you posted a 90 minute chart with SMA100. Why add this timeframe? Why not put SMA150 on the hourly, or SMA300 on the 30 minute chart? I hope you don't mind the question
haha...easy, because I never use the 150 or the 300. Because of the moving averages I use, I space my tfs x3, so if my smallest is 20 seconds, the next one up will be 1m, then 3m & so on. I always use a 30m tf with a 100 and 200sma, so to avoid adding another MA onto my 30m chart, I just have a 90m open instead with exactly the same moving averages. I also have an hourly tf open as that one is important, then an H4, not an H3 as 90m gives me everything I want to know for intraday, and I'll check up on the Daily each day.

I'm a belt and braces kinda bloke!

I should add, I need plenty of screens, so I have 8, one of which I use only for the trade ticket, and they are quite big screens as well.

Would I recommend this multi-tf approach? Probably not, at least not initially, but I would say that once you understand how the tfs complement rather than contradict each other, it is a great asset.
  • #702
  • Feb 27, 2019 6:09am Feb 27, 2019 6:09am
Quoting cat
{quote} haha...easy, because I never use the 150 or the 300. Because of the moving averages I use, I space my tfs x3, so if my smallest is 20 seconds, the next one up will be 1m, then 3m & so on. I always use a 30m tf with a 100 and 200sma, so to avoid adding another MA onto my 30m chart, I just have a 90m open instead with exactly the same moving averages. I also have an hourly tf open as that one is important, then an H4, not an H3 as 90m gives me everything I want to know for intraday, and I'll check up on the Daily each day. I'm a belt and braces...
Thank you for detailed answer that clarifies things.

Well done with your multiple tf and monitors approach

I used to have three monitors, but found the cognitive load too much, so I'm down to two. And I use a Maci mini, so that the study is silent. Can't stand the hum of a computer fan

Your answer made me think of the attached paper from a physics journal, where multiple moving averages are used instead of multiple timeframes. The other end of the scale from belt and braces, I suppose
Attached File(s)
File Type: pdf VaAB99.pdf   341 KB | 594 downloads
  • #703
  • Feb 27, 2019 6:10am Feb 27, 2019 6:10am
The Dax is looking very similar to yesterday, a solid down move, followed by a solid rally back up again, but if this is going lower later or tomorrow, then this move will not reach yesterday's highs, In fact, a nice had & shoulder pattern is building, so I would expect the price to falter around 530-550 if it can get there, if not before.
  • #704
  • Feb 27, 2019 6:15am Feb 27, 2019 6:15am
Quoting medici
{quote} Thank you for detailed answer that clarifies things. Well done with your multiple tf and monitors approach I used to have three monitors, but found the cognitive load too much, so I'm down to two. And I use a Maci mini, so that the study is silent. Can't stand the hum of a computer fan Your answer made me think of the attached paper from a physics journal, where multiple moving averages are used instead of multiple timeframes. The other end of the scale from belt and braces, I suppose {image}
Thanks for that wonderful bed time reading!

Multiple tfs, yes, I think most people assume it'll be like watching a dozen clocks simultaneously all showing different times and trying to decipher which one is correct. I do remember at school after an IQ test or something similar being told that I would make an excellent air traffic controller, so maybe I was born for staring at screens!
  • #705
  • Feb 27, 2019 6:19am Feb 27, 2019 6:19am
If the Dow does break up through 26000 with any momentum this afternoon, I think the 26050-26070 area could come into play as resistance. It's the H1 50sma level, the 61.8 retrace off yesterdays high and a resistance /support pivot area from Thursday last week and Monday this week.
  • #706
  • Feb 27, 2019 6:33am Feb 27, 2019 6:33am
Quoting tomase
If the Dow does break up through 26000 with any momentum this afternoon, I think the 26050-26070 area could come into play as resistance. It's the H1 50sma level, the 61.8 retrace off yesterdays high and a resistance /support pivot area from Thursday last week and Monday this week.
I've had exactly the same thought - Camarilla H3 at 26070.
  • #707
  • Feb 27, 2019 6:36am Feb 27, 2019 6:36am
Quoting cat
{quote} Thanks for that wonderful bed time reading!
You are welcome. Enjoy! I think of what you do as the belt and braces version of what that article describes

Quote
Multiple tfs, yes, I think most people assume it'll be like watching a dozen clocks simultaneously all showing different times and trying to decipher which one is correct. I do remember at school after an IQ test or something similar being told that I would make an excellent air traffic controller, so maybe I was born for staring at screens!

We're all different I want to reduce things to the minimal amount of information needed.
  • #708
  • Feb 27, 2019 6:39am Feb 27, 2019 6:39am
Can see the DOW moving back up above the swing high of 7th November 2018 before a heavy move back down.
  • #709
  • Feb 27, 2019 6:55am Feb 27, 2019 6:55am
Quoting medici
{quote} I've had exactly the same thought - Camarilla H3 at 26070.
I think cat needs to get his Choirs of War track cued up to play at full blast around 3pm - that should clinch it!
  • #710
  • Feb 27, 2019 7:00am Feb 27, 2019 7:00am
Quoting GDR3k
Can see the DOW moving back up above the swing high of 7th November 2018 before a heavy move back down.
If one looks at the current futures contract, it looks like it visited that high day before yesterday. So the high from Monday may be the high for a while now....or it may not
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-02-27 at 12.58.08.png Size: 67 KB
  • #711
  • Feb 27, 2019 7:39am Feb 27, 2019 7:39am
Quoting tomase
{quote} I think cat needs to get his Choirs of War track cued up to play at full blast around 3pm - that should clinch it!
As long as I get to choose who to go into battle with!
Attached Image (click to enlarge)
Click to Enlarge Name: 214028-Alecto.jpg Size: 451 KB
  • #712
  • Feb 27, 2019 7:43am Feb 27, 2019 7:43am
Quoting medici
{quote} You are welcome. Enjoy! I think of what you do as the belt and braces version of what that article describes {quote} We're all different I want to reduce things to the minimal amount of information needed.


Precisely, my charts are the least cluttered you'll find on ff, a few MAs, Bollinger, MACD, and that's it. I just use a lot of them.
  • #713
  • Feb 28, 2019 2:40am Feb 28, 2019 2:40am
Where best to plot the fibs on the Dax atm? Plotting from yesterday's 521 high, so the last obvious peak, slots the 61.8% just below the H1 100sma @ 477, which could act as resistance to send the price on its next leg down if the price gets there. The 76.4% is just below today's central pivot @ 494.
  • #714
  • Feb 28, 2019 8:49am Feb 28, 2019 8:49am
Levels I'm watching closely for potential R are 130-150 on Dow and 515 on Dax.
  • #715
  • Feb 28, 2019 11:02am Feb 28, 2019 11:02am
Dow 030 level ( H1 100sma ) pushed it down as I thought it might, but the Dax is climbing higher, albeit very slowly. Dow now positioned in directionless no-man's land. Dax looks like it might be looking for a top here today, so, an educated guess would be that it is looking for the R1 area, so between about 540-560, which if it holds, will form a nice had & shoulders pattern, best seen on the hourly. Be vigilant, this could be a great sell opportunity on Dax, and with Dow atm having been thoroughly rejected on 030 ( I meant 030-050 in my last post, sorry about the misprint ) the odds look pretty good.
  • #716
  • Feb 28, 2019 11:23am Feb 28, 2019 11:23am
Quoting cat
Dow 030 level ( H1 100sma ) pushed it down as I thought it might, but the Dax is climbing higher, albeit very slowly. Dow now positioned in directionless no-man's land. Dax looks like it might be looking for a top here today, so, an educated guess would be that it is looking for the R1 area, so between about 540-560, which if it holds, will form a nice had & shoulders pattern, best seen on the hourly. Be vigilant, this could be a great sell opportunity on Dax, and with Dow atm having been thoroughly rejected on 030 ( I meant 030-050 in my last post,...
DAX looks like a daily fakey for now. Touching important level intraday right now.
Hidden in plain sight.
  • #717
  • Feb 28, 2019 11:56am Feb 28, 2019 11:56am
Quoting jakucha
{quote} DAX looks like a daily fakey for now. Touching important level intraday right now.
Yes, interesting intra-day levels, but longer term, Dax is bullish, there's no other way to see it, at least up to its Daily 200ema @ 11,650

It's the Dow though that's got me puzzled, because it is at or very close to my make your mind up time level, either it turns, or it continues to make new highs. The Dax will follow, so although it does look supremely bullish on the higher charts, if Dow falls, everything will come down.
  • #718
  • Feb 28, 2019 12:14pm Feb 28, 2019 12:14pm
Look at the current Weekly Dow candle. If tomorrow is a down day, this will be the first negative weekly candle for nine weeks, and at this critical level, you do not need me to tell you how significant this could be.
  • #719
  • Feb 28, 2019 12:53pm Feb 28, 2019 12:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: ides of march.PNG Size: 1,013 KB
  • #720
  • Mar 1, 2019 1:44am Mar 1, 2019 1:44am
Despite the Dax pushing higher during the Asian session, the Dow has not got above its 61.8% from the high of the 26th, and at the moment to me it looks like it is really going to struggle to today, which if so, will give us our first negative weekly candle for over two months, right up in this incredibly critical head & shoulder/triple top zone where it is now. No NFP today, that's next week, but Powell speaks later.

I think Dax is a short today, at least initially, and I wouldn't go near longing it at these levels so close to the Daily 200ema.
0 traders viewing now