Search results

YM chart: YM chart shows negative divergence between OBV/AD indicators and the price. The price is going higher, but OBV/AD indicators are not. If the market goes down, short YM. This is the daily YM chart, the AD indicator looks like more accurate than OBV...

But again, the overall market has to cooperate. I'll look at the YM/ES/NQ AD indicators tonight. YM/ES/NQ could have no divergence or have negative divergence. Maybe YM/ES/NQ are dragging ER2 not to pass 666. If YM/ES/NQ go down, ER2 won't go up.

Look at the OBV indicator on the weekly chart (remove daily noises), I can clearly see there is a divergence exist between OBV and the price. Can you see it too? The OBV is higher high, but the price is not. http://tinypic.com/view/?pic=fk0bd3

Here is a look at the accumulation and distribution. On 30 minutes 30 days chart. The OBV indicator offered some info about if there is a divergence exists between the price and OBV. The OBV level today (209281) is much higher than Nov 03 (193050) when both traded at 666. Under...

I am not quite sure if today has the highest volume though, I didn't see it from the chart. A friend of mine told me about the volume. ::mad: I will re-look at the chart and see if the accumulation or distribution is going on. The market will break this trading range - one way or another...

ES fib retracement. It is acting like ER2.

Here is another look at the ER2 fib retracement. I used a solid candle (or finish) and 622 (the closing price) as the starting point. It clearly showed 665.9 is the 61.8% retracement, which is today's high :D

Yep, I think ER2 has the biggest violatility and velocity on these active indexes. Violatility leads to move early and faster. Some of my friends are successfully using ER2 as a leading indicator for trading ES, ER2 always moves ahead of ES. Take a few days and watch it, you shall see. I used...

No problem, big swing though :p Will included in the chart :D

Yes, they are looking tired to move higher without taking a break. I think both ES and ER2 are trading around its 61% fib retracement levels. They never closed above it. If one day both indexes close above it (for ER2 that's 663.6) , this is a sign of major breakout. This is the ER2 fib...

What do you guys think about ER2? The volume is at all time high today and failed to break 666.3. Isn't this a market top? From what I learnt, you'll see market top or bottom with the highest volume. I feel ER2 is going to go much lower for the rest of the week unless some good thing...

I trade a lot, lol. so far today I made 67 trades. I could make much less trade based on the fib lines and support/resistence, but I couldn't resist to take 0.50 profits and reshort again.

I think it is called Mitten ghost long or short in Woodie's term :-) Mitten is Woodie's cat name. The formation is like the cat's paw.

Reverse the trade to short. http://tinypic.com/view/?pic=fjnb5h

Went long at 664.

Cat's Paw on Woodie's CCI? http://tinypic.com/view/?pic=fjn7tg

It works. 663.70 bingo. Test the other side, short over 663.7.

Test this strategy now, bought at 662.80 and see if I can scalp for one point. Overall downtrend is still down though, must do fast scalp.

One could make many trades around 663.70. Buy at 663.30 or lower (now) and sell at 663.80, or short above it and cover below it.

This one: http://tinypic.com/view/?pic=fjn4eb