When trading: "Empty your mind, be formless. Shapeless, like water."
- #542
- Mar 28, 2016 10:43am Mar 28, 2016 10:43am
Edit: I hope I did not break any rules with this post!
Could not find his video. I will take a look again in a bit. My take on the YM July Futures below.
The reasoning behind my bullish bias is medium to short term as structure has been taken out in favour of the bulls ( Red lines)
The high still to be taken out to maintain a long term bullish bias
if red box level is violated it will confirm long term bearish bias
This is the 1 hour chart for trend and then waiting for a swing point reversal or reversal pattern on 15 min.
I am expecting a little deeper correction to around the 17300's before looking for a long. But I will take an earlier signal by tomorrow EOP.
Could not find his video. I will take a look again in a bit. My take on the YM July Futures below.
The reasoning behind my bullish bias is medium to short term as structure has been taken out in favour of the bulls ( Red lines)
The high still to be taken out to maintain a long term bullish bias
if red box level is violated it will confirm long term bearish bias
This is the 1 hour chart for trend and then waiting for a swing point reversal or reversal pattern on 15 min.
I am expecting a little deeper correction to around the 17300's before looking for a long. But I will take an earlier signal by tomorrow EOP.
- #543
- Mar 28, 2016 11:31am Mar 28, 2016 11:31am
My bad, just re-read my post. Correction: "dip in volatility"... LOL
Also, note the lower high, bear channel reforming and uptrend being broken.
Inserted Video
Also, note the lower high, bear channel reforming and uptrend being broken.
When trading: "Empty your mind, be formless. Shapeless, like water."
- #545
- Mar 28, 2016 12:25pm Mar 28, 2016 12:25pm
Gold is forming a very nice bear channel. Lower lows, lower highs. Take a look at what it did while it was hitting higher highs and higher lows.
EJ is trading within a nice S/R level. A break either way could come with momentum. I'd prefer to see a break to the dowside due to support being farther away than resistance.
EJ is trading within a nice S/R level. A break either way could come with momentum. I'd prefer to see a break to the dowside due to support being farther away than resistance.
When trading: "Empty your mind, be formless. Shapeless, like water."
- #546
- Mar 28, 2016 12:35pm Mar 28, 2016 12:35pm
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
Gold is forming a very nice bear channel. Lower lows, lower highs. Take a look at what it did while it was hitting higher highs and higher lows. {image} EJ is trading within a nice S/R level. A break either way could come with momentum. I'd prefer to see a break to the dowside due to support being farther away than resistance. {image}
donīt follow me,you will loose your moneyy
- #548
- Mar 28, 2016 1:06pm Mar 28, 2016 1:06pm
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
- #549
- Mar 28, 2016 1:50pm Mar 28, 2016 1:50pm
I'm trying not to trade lower TF's but we might have something forming here.
Either a morning star, kangaroo tail, we will see...
Either a morning star, kangaroo tail, we will see...
When trading: "Empty your mind, be formless. Shapeless, like water."
- #551
- Mar 29, 2016 1:40am Mar 29, 2016 1:40am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #552
- Mar 29, 2016 1:44am Mar 29, 2016 1:44am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #557
- Mar 29, 2016 6:15am Mar 29, 2016 6:15am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
Gold could be rising
donīt follow me,you will loose your moneyy
