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I believe that if same pattern is present in most indices, then it is like playing rugby 1 vs 10 if you decide to go against the flow based on a logical progression, you'll get slammed more often than not. Analysing EOD data in major indices is very important in zooming into opportunities like...

Didn't materialise yesterday, today down 200 (~3%), same pattern was present in DOW, S&P, NAS, FTSE, etc

Is this a retracement or a major correction? Looking at the weekly histogram I would say it could well be a correction that a lot of people have been going on about by trying to predict a top. I will have a look at world markets EOD later on to see whether any key support levels have been...

Although I mainly trade DAX I look at all major world indices EOD data to establish correlated TA patterns, sometimes the times of increased volatility can be 'predicted' if same signal is present across the globe. I was expecting a directional volatility to kick in yesterday, it happened today...

February 19 - February 23 +46.00 Net -11.00 http://www.elitetrader.com/vb/attachment.php?s=&postid=1365980 +16.00 http://www.elitetrader.com/vb/attachment.php?s=&postid=1367222 +22.00 http://www.elitetrader.com/vb/attachment.php?s=&postid=1368585 +13.00 (Thu + Fri morning)...

Does anybody actually try to successfully estimate volatility range before event taking place? I find it odd that there have been no replies so far. So many people complain about their inability to trade narrow range, though nothing's been posted so far on trying to assert periods before...

Tuesday 27 Feb 2007 +105.00 Personal notes: 1. Global correlation of a short signal increased the odds of today's sell-off, obviously yesterday's last trade was helped by pre-volatility analyses.

I think it is a good idea to look at global market correlation, the down move in DAX that came this morning is either reflected or linked to the US & Asian markets. I think we will all do a bit better to assert pre-volatility times when most major indices are looked at simultaneously. As when...

Monday 26 Feb 2007 -13.00 Personal notes: 1. Wrong entry, should have been long (took weakish signal before market open, should have been after market open due to weakness in pre); 2. I don't know what that was all about; 3. Technically perfect entry, holding short into tomorrow.

Banking on a continuation of retracement

are you getting paid for this? :)

hello, I also use mainly a price, but not on its own, to me a price has to be compared against an average price for a certain period. I think observation of price only becomes usable mostly by scalpers or people using fundamental analyses. But neither are my style, so I can not comment any more...

Do you think it's a good idea to hold a long position over the weekend? Great news if you get a gap up, what about gap down? I trade DAX & I think it is ready for a minor sell-off today, we will see.

Why would someone want to call a top here I don't understand, it's a Russian roulette, just look at the chart, we are talking charting basics.

1. There are signs depicted in price/indicator patterns. Also I do not agree that fast pace is low risk, it can 'shoot you in the ass' just as quick as it can provide gain, but I will not get into something I was crap at, I was an appalling scalper, truly awful. It's just my observation. 2...

when the top is truly in, you will know, everybody will know that market has topped as it will break through all major daily support levels much faster and fiercely than on the way up. Then sell pullbacks towards weekly support levels. Why guess?

The reason I do not use volume analyses is because I believe it has little to do with correct analyses of near term direction of price. If you are a scalper & do need momentum, then I understand the necessity, otherwise in my opinion price & indicators show where price might be going, so you get...

What is the point of predicting a top if you can simply ride the decline that's going to build a lot of momentum when it does happen. Just because charts show something to you, that doesn't mean that the actual top is in. You have to observe institutionals behaviour, they mark tops & bottoms, we...

Why don't you open an account with a UK financial betting firm, some do open accounts for US citizens and are all licensed and regulated, not like Forex. Like yourself I attempted scalping and was totally crap at it, I lost a lot of dough, a lot more than you have. It sucks big time, but instead...

Couldn't trade in the afternoon, had a limit buy order with stop below day's low which got filled while I was away. +6.00 points Week total: +46.00