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CHART Reading for serious traders

  • #381
  • Nov 5, 2007 6:08am Nov 5, 2007 6:08am
Quoting emm
Bounces like this on the g/j are good for 2 - 3 rides
Very true
  • #382
  • Nov 5, 2007 6:08am Nov 5, 2007 6:08am
great call on the level
  • #383
  • Nov 5, 2007 6:09am Nov 5, 2007 6:09am
Quoting PipChick
Very true
So i will let it do what it wants now and grab some breakfast.
  • #384
  • Nov 5, 2007 6:14am Nov 5, 2007 6:14am
the u/j and the g/j charts are very similar today.
  • #385
  • Nov 5, 2007 6:19am Nov 5, 2007 6:19am
in a fundmentals driven market such as it is at present ISM @ 10 eastern
could be big
  • #386
  • Nov 5, 2007 6:37am Nov 5, 2007 6:37am
That was pretty much a break even trade.
Would love to say a bad word!
  • #387
  • Nov 5, 2007 6:50am Nov 5, 2007 6:50am
Isnt it about time for NY chop?
  • #388
  • Nov 5, 2007 6:53am Nov 5, 2007 6:53am
Lately , with all of the US fundi's, I find that its best to trade between 4am and 8 am Est then back around 1pm for a bit.
  • #389
  • Nov 5, 2007 6:57am Nov 5, 2007 6:57am
u/j downward h/s on 4 hr and g/y inverse on 4 hr. Dow was going down and g/j was going up a bit and now dow is gaining a bit and g/j is wanting to go down. Seems like the u/j and dow are the leader today of the g/j. Best to let the u/j play out and let the NY chop complete then come back for the left overs.

EDITED above
  • #390
  • Nov 5, 2007 8:51am Nov 5, 2007 8:51am
isn't anyone around
  • #391
  • Nov 5, 2007 5:48pm Nov 5, 2007 5:48pm
Here is what i am watching on G/J 4 hour chart. The trendline in white is still in play from the 251 high some months ago. Since price made a lower high today, I am seeing some potential for further shorts possibly down to the monthly pivot area near 237.00, then possibly further down to the 50% retrace of that move at 235.25. However, if/when price closes above the trendline and then makes a new high, we could go up up up. Your comments are always appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: gj4hr.gif Size: 37 KB
  • #392
  • Nov 5, 2007 7:17pm Nov 5, 2007 7:17pm
Quoting emm
isn't anyone around
LOL.. this is a dead thread . sorry pip chick(woman)
  • #393
  • Nov 5, 2007 7:46pm Nov 5, 2007 7:46pm
Quoting Spanishfly
LOL.. this is a dead thread . sorry pip chick(woman)
Giver? or Taker?
Do you want to post a chart or are you afraid of being wrong?
  • #394
  • Nov 5, 2007 8:28pm Nov 5, 2007 8:28pm
Quoting Bemac
Giver? or Taker?
Do you want to post a chart or are you afraid of being wrong?
no sir.
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  • #395
  • Nov 5, 2007 8:44pm Nov 5, 2007 8:44pm
Needs to break above the 61% fib for me to go long.
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FF journal: Peaks and Troffs
  • #396
  • Nov 6, 2007 5:05am Nov 6, 2007 5:05am
Quoting Spanishfly
LOL.. this is a dead thread . sorry pip chick(woman)
LOL....Spanish fly. Yes, one would think the thread is dead but it isnt intended for chit chat. It is intended for people to post charts and submit analysis. I was not around yesterday as I had to tend to other things and I dont usually hang around during NY chop. I am happy that it isnt filled with a lot of complicated analysis because we try to keep it simple for the noobs. YOur analysis and comments are always welcomed.
PipChick
  • #397
  • Nov 6, 2007 5:07am Nov 6, 2007 5:07am
Quoting jdsfx
Here is what i am watching on G/J 4 hour chart. The trendline in white is still in play from the 251 high some months ago. Since price made a lower high today, I am seeing some potential for further shorts possibly down to the monthly pivot area near 237.00, then possibly further down to the 50% retrace of that move at 235.25. However, if/when price closes above the trendline and then makes a new high, we could go up up up. Your comments are always appreciated.
I like your thinking jdsfx. Very nice analysis!!!
  • #398
  • Nov 6, 2007 5:14am Nov 6, 2007 5:14am
Seems like the double bottom on the 1 hr chart is holding for now and it even appears to be an inverse h/s. (although not as perfect as I would like) We may have a new 4 hr inverse forming also. We will see what the next 4 hr candle brings to confirm that, but it looks like longs are in play for now.
  • #399
  • Nov 6, 2007 5:20am Nov 6, 2007 5:20am
alway easy to be a critic
  • #400
  • Nov 6, 2007 5:22am Nov 6, 2007 5:22am
the 4 hour is forming nicely, the dail is still strong also
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