Search results

Downtrend from the 2007 high:

different look at ES

Is this a H&S top? I'm not very good with chart patterns and don't base any of my trades off them, but just thought I'd point this out. Opinions?

Yes, ES is balancing and waiting for a catalyst. The Fed spike last week fooled me as I thought it might be breaking out to form value at a higher area. But it did not hold, and retraced back into "the box".

For monthly I'm using Mav's levels that he shares as I haven't yet decided how to best figure it. For weekly I've debated a lot between the first 90 mins of the week and the first 2 hrs of the week. For now though I've settled on the 9:30-11:30 range on Monday morning as weekly OR.

Hi MF I'm wondering where you get your ES levels, you mention 1321.25 as resistance.... but mainly the 1294.25 as major support that will cause a hard drop if broken. You also mention 1294 in Mav's thread. Where do you get that? Thanks...

Ok, Tuesday's FTSE action was not a big move. Tried to go up but couldn't hold it and ended up closing near it's lows with an inverted hammer candle. So the short still looks good, right? Thanks again.

All in fun of course... ;)

During all the up move this month a very common theme was market attempts to move lower in the morning and is rejected, and reverses and goes higher rest of the day. I mean tries to take out lows of prior days and fails. I kept thinking to myself I need to see this pattern reverse before I...

So it's this sequence: Crash -> Big Bull -> Biggest Crash Ever. Just to confirm is the first crash is the one you think could take out the 2009 lows? Then after that is the bull rally that may be the best ever. Then the biggest crash ever? Or is this first crash the H&S from the FTSE...

That looks like an emotion line which I think can give earlier signal than traditional tl. Not sure I'm interpreting it correctly but I believe Friday would be a breakdown because it closed below the line.

Thanks for all the info, Xspurt. The cycles stuff is interesting and I had investigated Hurst at one point but it was too far over my head to really get anywhere with. The few cycles articles I have read are by those who believe in the alternating 15-20 yr bull/bear cycles and they suggest...

Great thread MF. I've always appreciated your charts and your enthusiasm for trading. At first I didn't really see much use for ACD, this a few months ago. But now after some help being steered in the right direction by successful trader, I have come back to ACD and I am very encouraged by...

What do you think of the longer term secular market cycles? Wish I could find a chart but over the last 100 or so years the market has moved in long term bull/bear cycles of "approximately" 17 years or so. When the secular bear market of the 70's ended in 1982 we had a secular bull market...

ES breaks below the A down, comes back and tests it to the tick, then heads lower again. Nice.

Looks like it tried to give a continuation signal on Monday but couldn't hold it. Tried to give a reversal signal today but again couldn't hold it. So it's a stalemate. :) Kinda hard to get too bearish when stuff like this is getting mainstream attention: :D...

Can't resist asking.... how's the 1k Oanda account doing these days? ;)

So when you talk about the CR signal taking out a high/low... the high/low of what? Do you mean Friday's high/low? I'm not putting money on any of this, just following along and trying to understand the thought process. Just curious, what will you do if the market keeps going up? How...

I actually tried this idea a year or so ago using a few different MA's and found it wasn't practical, however I was not using it on charts < 5 min. It seemed too frenetic on the lower timeframes so I never investigated those. Though I will mention there is a trader I have exchanged emails...

Watched part of a documentary show last night about young guys who are labelled as sex offenders for having consensual sex with their teenage girlfriends when they were in high school. I mean stuff like he was 17 and she was 15. Really sad. For them it's almost impossible to get any kind of...