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Another cloud breakout here from /ES at 1097

Got in /GC at 1223.70 Currently 1229.30 +5.6 and holding

As I pointed out in the previous /ES charts.... CS broke the trendline on the /ES hourly for a long position. Entry 1090 Currently 1097

I don't know your style of trading but I typically only trade 1-3 lots per day. So for me the ideal play would be to watch the hourly for long/short signals and then time it with the 5 minute. I have a journal you can check out. I'll send it to you.

Overall the daily is bear but price may have some support here in the middle of this channel. Looking at the hourly, we're in a bull run with a weak sell/short. Watching to see if CS can break resistance for a long play. If it proves to be resistant, I'll look to short below the middle...

/ES - looking at the same buy at at 1091 again which should give me a bull TS/KS cross for entry. Looking to the 1 minute for current price direction. Bears are holding it down for the time being.

EUR/JPY - saw a TS/KS bear cross for the sell at 112.70 (+70 pips) /ES - saw a TS/KS bear cross and a price cloud cross at 1097 (+6 points) /GC - still not ready for a play yet.

It's not that complicated when you consider a lot of traders use MACD, RSI, Accum/Dist, OBV, Stoch, TRIX, ADX, PPO, etc. However, some traders just use a bar chart with trendlines and support/resistance. Everyone is different and as long as your strategy is consistent and you're making...

I just started a blog and this was my post last night. Everything is moving along except /GC didn't break the cloud so I didn't hop in. Daily is still bullish so I'm watching. Will update with a play on that soon. My hands are full at the moment. Posted on June 14, 2010 by ichibomb /ES...

Yes, I had a monthly average of 22% gained for 6 months swing trading stocks $2-$10 after studying Ichimoku for nearly a year. I'm paper trading futures to test my methodology and I haven't had a losing trade yet (5 trades total) My win ratio in stocks was 3:1 and I hope to improve that here...

LOL I love this thread. :bows down:

SPX Index question from another forum "Question: Looking at a daily chart of the sp-500, the flat part of the cloud to the right would be considered resistance?...approx 1130, and another one at 1144?" My response: "at 1130.29, the top of the cloud, yes. but as a trader, that's not...

Hi Fireplace, yes I see that it ES made some more moves. As I mentioned I didn't see a sell signal but I didn't want to hold overnight or through the weekend. Hourly is still bullish. 5 minute is a neutral hold at the moment.

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Ignorance is bliss. Like learning a new language, it may seem confusing and difficult at first. You may get it over time though, bud. Keep it up, Joe! Even though I didn't get the sell signal, I took profits because I don't like holding overnight, obvious troll. Get a clue buddy and...

Ha! right on bud. Hope you have a good weekend, sir.

Very nice What about this one TE

Squidward - You're assuming I study candlestick patterns, which I don't :cool:

In this thread, I'll mostly be posting Ichimoku TA for /ES and /GC What we're working with here are 4 formulas consisting of: TS blue line - (highest high+lowest low)/2 for the past 9 periods KS red line - (highest high+lowest low)/2 for the past 26 periods SSA - green cloud line - (TS +...