OK I think I see what you are talking about ?
Hey DOV how do you draw the lines and add words to your chart, is that in MT4 ?
Hey DOV how do you draw the lines and add words to your chart, is that in MT4 ?
CRUCIAL ... READ >>RE-READ... AND ...UNDERSTAND ...NOTE THE EXPECTED ... R&S ...
NEW GUYS AVOID NY SESSION TOMORROW ...
The Dow Jones Industrial Average closed at 8771 on 6/11/09, as the stock market went up after a better then expected initial jobless claims number, an in line retail sales number, and a positive treasury auction during the afternoon hours. The Dow Jones Futures started the day in the green and got a bump even higher as the economic data was released. The stock market averages stayed up all day and really took off as it was apparent that the 1pm treasury auction was well received. At the close, stocks sold off in a major way but stayed positive! We continue to grind toward the previous highs but there is massive selling resistance located around 8840 on the Dow, 950 on the S&P, and 1875 on the Nasdaq. Each time we attempt to climb above these levels, sellers quickly unload.
SOURCE ..http://daytradingstockblog.blogspot....ck-market.html
NEW GUYS AVOID NY SESSION TOMORROW ...
The Dow Jones Industrial Average closed at 8771 on 6/11/09, as the stock market went up after a better then expected initial jobless claims number, an in line retail sales number, and a positive treasury auction during the afternoon hours. The Dow Jones Futures started the day in the green and got a bump even higher as the economic data was released. The stock market averages stayed up all day and really took off as it was apparent that the 1pm treasury auction was well received. At the close, stocks sold off in a major way but stayed positive! We continue to grind toward the previous highs but there is massive selling resistance located around 8840 on the Dow, 950 on the S&P, and 1875 on the Nasdaq. Each time we attempt to climb above these levels, sellers quickly unload.
SOURCE ..http://daytradingstockblog.blogspot....ck-market.html
"I am convinced that He (God) does not play dice." - Albert Einstein
CRUCIAL ... READ >>RE-READ... AND...
So as you can see guys ... on the DJIA 8840 is the KING for tomorrow, by when we are approaching it ... we cash out our scalps and ride any re-tests ... cautiously though ...... hope it is clear to all ...
... Still maintain ... NEW GUYS STAY OFF NY SESSION 2MORROW ... Its a Friday and there are profit takings ....
"I am convinced that He (God) does not play dice." - Albert Einstein
...
Check out:
http://stockcharts.com/
for live ... streaming DJIA quotes 2 morrow
Also: In a NUTSHELL:
The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/12/09
Dow Jones Industrial Average Support & Resistance Levels - June 12, 2009
Resistance Levels: 8878, 9000
Support Levels: 8600, 8500, 8250
......
G'nite .....
http://stockcharts.com/
for live ... streaming DJIA quotes 2 morrow
Also: In a NUTSHELL:
The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/12/09
Dow Jones Industrial Average Support & Resistance Levels - June 12, 2009
Resistance Levels: 8878, 9000
Support Levels: 8600, 8500, 8250
......
G'nite .....
"I am convinced that He (God) does not play dice." - Albert Einstein
- #250
- Jun 12, 2009 12:44am Jun 12, 2009 12:44am
Another good one too ... we use it a lot at our IB to counter-check our own ...
...
http://www.indexq.org/
hmmmm . quiet asian mkt .....
..
Hey Ams .... from this link .... http://www.indexq.org/ .... check out the EU closed at 1.4114 during the US close.... this is the global official psycho... level ... no wonder ... the sluggishness .. seems like all the Asian players are standing on the sidelines to see if the london session to give direction ....lol ... I bet they are waiting for the Americans to call it ....:nerd: ... all by the wings ....
Not yet In as for myself .... if any guyz are scalping ... play m5 Tf ... . following Katy rules especially the TP at 1/2 ATR ... and follow the COG curve .... now seems going for shallow dip (See ... COG , green arms and gold arms too close on m5 .. ... shallow dips here ... EU dancing around m-fibo Pivot ...) :nerd: ...
...http://www.indexq.org/
hmmmm . quiet asian mkt .....
..Hey Ams .... from this link .... http://www.indexq.org/ .... check out the EU closed at 1.4114 during the US close.... this is the global official psycho... level ... no wonder ... the sluggishness .. seems like all the Asian players are standing on the sidelines to see if the london session to give direction ....lol ... I bet they are waiting for the Americans to call it ....:nerd: ... all by the wings ....
Not yet In as for myself .... if any guyz are scalping ... play m5 Tf ... . following Katy rules especially the TP at 1/2 ATR ... and follow the COG curve .... now seems going for shallow dip (See ... COG , green arms and gold arms too close on m5 .. ... shallow dips here ... EU dancing around m-fibo Pivot ...) :nerd: ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #253
- Jun 12, 2009 1:17am Jun 12, 2009 1:17am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Morning popee, (I live in london)!!
thanks for all the analysis, and links. Dow SR and confirmed double top on the daily chart is confusing. At present dow is in a positive territory. But people inside banks know what's going to happen. Advantages of modern technology and globalisations. Banks have branches and collegues everywhere :-)
As scalpers we don't care where it's heading but have to know the main trend. Sometimes market buy only to sell later. We might see prices going up for a while. If daily breaks 50-100 pips barrier either way then...
Spot on ams ....
.... I think guys .... banks will push for a re-test of 8840 first .... then close in on guyz unawares as they take profit .....
.... it's a FRIDAY for crying out loud ... ... lol Ams.... with regard to DJIA ... pls post what you find ....
... too bad am not used to these US index .... concentrate much on the NSE 20 down here .... Ours am told by colleagues is projected upwards .... ... same could possibly go for the DJIA .... :nerd: ... "I am convinced that He (God) does not play dice." - Albert Einstein
- #255
- Jun 12, 2009 1:56am Jun 12, 2009 1:56am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
yup, hope for the best. Markets seems like steaming out... dow gone negative for the moment...watch the index from last few weeks, it's going up and down..markets are consolidating.
Now you have cast and eye on dow, and put forward your hand I am sure dow will become your friend in a few days...
ams
Now you have cast and eye on dow, and put forward your hand I am sure dow will become your friend in a few days...
ams
Spot on ams ....
I think guys .... banks will push for a re-test of 8840 first .... then close in on guyz unawares as they take profit .....
Ams.... with regard to DJIA ... pls post what you find ....
- #256
- Jun 12, 2009 2:00am Jun 12, 2009 2:00am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hang on a minute....
I am missing someting right in front of my eye....
on daily chat look at cci and rsi...and try to see divergence between last top and now....it hasn't gone up much has it?
Now another mystery to be solved and crying out loud for shorting cable and eu....
will wait and watch today...seems we are heading north.
ams
NSE 20 set to go north too .... So .. I guess the projections should work ... .. as anticipated .... I was looking at DJIA candle for 11-06-09 ... no spike to the downside ... lol ..
Here is a screen shot of Katy's performance .... FXDD demo for my charting ... With MB I use 0.2 minis .....
for my scalps .... 
Few picks but not doing bad .... so far so good ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #258
- Edited 2:19am Jun 12, 2009 2:13am | Edited 2:19am
Ams... as you can see ... I rarely trade against the trend ( all buys) ... I learnt this back in 2005 ... the hard way ...
Yesterday .. ... things moved so fast NY session ( I had missed out on London session) .. .. didn't get time to place trades on FXDD as you can see ... I was all live ... but referencing Katy for Signals .....
Yesterday .. ... things moved so fast NY session ( I had missed out on London session) .. .. didn't get time to place trades on FXDD as you can see ... I was all live ... but referencing Katy for Signals .....
"I am convinced that He (God) does not play dice." - Albert Einstein
- #259
- Edited 2:35am Jun 12, 2009 2:25am | Edited 2:35am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
yup, there is always a next train, it's always good to trade with the trend, most of us have learned the hard way and those who haven't market gods will teach them nobody has escaped it..not even the bankers themselves :-)
time go up a little...will have clear direction in another 30 minutes
cable 1.6418..imp level
time go up a little...will have clear direction in another 30 minutes
cable 1.6418..imp level
Ams... as you can see ... I rarely trade against the trend ( all buys) ... I learnt this back in 2005 ... the hard way ...
Yesterday .. ... things moved so fast NY session ( I had missed out on London session) .. .. didn't get time to place trades on FXDD as you can see ... I was all live ... but referencing Katy for Signals .....
Seeing the london session .... dipping the babies ..... m5 gave nice run for a quick scalp ....
All pls note : the Supports projected still hold.... If any one is trading now ... follow Katy ... scalp .. but once the m-fibo supports are hit ... pls STAY OUT .... a rapid flip back up could possibly close in on you ...
...
So, ....
All pls note : the Supports projected still hold.... If any one is trading now ... follow Katy ... scalp .. but once the m-fibo supports are hit ... pls STAY OUT .... a rapid flip back up could possibly close in on you ...
...So, ....
"I am convinced that He (God) does not play dice." - Albert Einstein