Search results

If price closed near the lows then you would have seen pattern similar to this one, bearish engulfing. OK, on its own it might have diminished meaning, but considering that current pennant has bearish continuation indications importance of an engulfing pattern increases. I only look at candle...

AustinP, TY for solid posts! Regarding your last one, I don't think they simply changed their mind at news release, "they" tried to offload shorts on a quiet leading into news release (stock trading 101), actually I don't know when news has hit the wire, I assume it was at the time when I...

News normally follows accumulation or distribution, just because we don't know, doesn't mean that others don't. If there are definite signs of A or D present then you have to assume that there is a group of people that are looking for a directional move to start or continue, going against them...

This is what I saw happening at the time, whether that would help you or not I don't know :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1803627>

Just to add, yesterday there were signs of a bounce, we never know what sort of bounce, yet there were technical indications that buyers were accumulating, if you understand how to read accumulation, then you would have at least closed part of your position. I wasn't short at that time so it was...

It sure sucked yesterday for trendfollowers, but if you are a trendfollower then you ought to know specifics of a trending p/a, yesterday wasn't a 'typical' trend day. The less time it takes for a range to expand the less likely it is to stay within a trend ImE. Also do not forget about powers...

LOL K, TY! things are improving, as I said before, at one point it just clicked. That p/a into the close was so classically engineered towards positive closure of weekly bar, if they didn't do what they have done weekly bar would have engulfed last weeks' bar, almost like green light to...

I am Long again USD/JPY gunning for weekly D. Q here, does anyone have info on correlation between USD/JPY & S&P500, there is a massive D on USD/JPY weekly chart.

Sorry for not real-time I was busy on ES Journal. Another Long off 30m chart as I mentioned yesterday, 106.90 going after the Weekly charts progressing triple D, expecting a solid range expansion. Best to all!

TY V! I took dog out to park, came back with fresh eyes, very important. As I said previously to SS, I am not that naive when it comes to critical levels. Also what histogram was doing on 30m chart was very important for us in the "don't know", I had no idea that this will lead to such a lift...

1/3 +14.75 wow!!!

Long 1330 off 5 Scaled out +4.75 Helped by 30m D, what a lift, WOW! 1345-50 target PPT PPT PPT LOL

I see a lower close as 240 has now closed totally engulfing the 3rd upside attempt (which has failed) & 4 hour chart when in full swing normally can get probably in the region of 50-70+ point oscillation in ES. And the way daily looks right now I don't see holding longs over weekend as a...

Wakey wakey, if day finishes near the lows there is a high likelihood of stock dumping come Monday ImO. You must see bullishness via technicals to buy at these levels, clearly I don't see it, so I may be wrong. All I sense, based on current daily histo pattern, is that bulls are getting worried...

TY Ammo & Vertigo! Yes indeed, I will have a look at how day will unfold later on, I got what I wanted. If it continues decline I have no regrets. Best to all!

Last 50% of 1/3 position covered +16.75 Have a nice weekend all! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1802468>

2m starting to show signs of poss recovery towards 1338

Hammer failure on 10 & 15

50% scaled out of 1/3 position +12.50 240 bar to close in 40m on my chart, as it stands it is below 20 average & engulfing the whole of 3rd attempt for upside, 3 lower peaks and declining MACD still intact. 1333.5 next obvious support

As far as I am concerned most short term charts indicate continuation of the sell so far