it's not surprising that sp500 gives bearish signal, as it arrived at it's turning point on my h8 chart - it is exactly at POC (point-of-change) from a larger previous swing. right now it looks like a tiny upthrust pattern. price also follows up along the resistance of DGL level 1. however stop here would have to be quite far: above the MX (maximum extension area) , let's say at least 1.3300. However, given the recent rotation above the res. made of MQ (quarterly mean - gray line), MYR1 (yearly mean res.1 - dashed red line) daily 275 ema (white line: thick) and daily 365ema (white line very thick) - I have some doubts, because it gave numerous bearish pin bars, yet the res. level became a support. It could be that the uptrend persists. We are in a trading zone - meaning, we should be taking short as well as long signals.
Two Daily charts also looks slightly bearish, but what disagrees is: again rotation above 365ema (purple) and also forks as well as DGL disagree. The best area of thinking short is the upper green circle I've marked, or at least the lower one. We're still in an area of PPZ - marked dark gray, so bears will be no surprise.
Another chart with Fib.Channel - gives an excellent area to short - but wait until this day is over and let's see how the bar looks like.
It's just the manner in which price smoothly went above some resistance points... it could be just a correction.
What happened to Corn today? And Soybeans? !!!
Oh, if I only had the money to trade either Corn or Soybeans. Some very nice signals in these markets...
Gold stop and reverse @1,632.00 SL1,663.60.
50% retr, DGL R3, PPZ and lower channel retest, Bands res. Pin Bar entry.
Another chart shows reaction from long awaited area, 150ema, 200sma is very close, and again Pin Bar. Too good to be true?
If the market does what I hope for, I would have to assume Gold could be confirming it's downtrend.
AUDUSD change short order @1.2950 SL:1.3083.
Another great Pin Bar off 200sma and 62% retrace.
Euro took my trailing stop out and went strongly down. It's a b..ch, you know.
On the positive side: half of another USDCAD long is still on and half of GBPJPY is still on.
Gold short @1,647 SL@1,679. Bearish sign at 200sma
USDCAD long @1.0090 [email protected], bounce trade 365ema, on chart also nice bullish signs @ 365ema, but I will not add, since recently Cad has been very undecided. If it breaks up, I will look of INR4 (inside narrowest range in 4 days) to add. So far, just waiting if I can move SL=BE
EUR [email protected] SL:1.3083 order from jan13th, bounce off yearly mean reversion support.
Gold half closed @1,6690 (-220pips). short signal seems to fail.
CAD SL moved @1.0100/0095. reversed pin - i have a short order.
EUR SL half moved @1,3010. initially rejected zone and moved down, but now it seems to be rejecting shorts, hence my SL moved closer on half.
USDCAD short order @1.0100 SL:1.0175. After bullish signal it gave immediately bearish signal out of Pitchfork. Looks like it wants to leave upper pitchfork.
I used Shiff Median here.
Also, rejection off quarterly mean.
USDCAD short order @1.0100 SL:1.0175. After bullish signal it gave immediately bearish signal out of Pitchfork. Looks like it wants to leave upper pitchfork.
I used Shiff Median here.
Also, rejection off quarterly mean.
Original CAD long from jan18th closed @BE+6
CAD short as post above -45pips
Gold -270pips (orig. SL 320)
EUR short from jan 13th closed @-90 pips (orig. SL 133pips)
AUDJPY [email protected] if filled, SL:82.95. Yearly Mean level - Pin on Alpari charts but Outside Bar on Oanda charts, I place entry below OB, because I was too late for Pin Bar.
