NQ Journal - 2015

[romik]

Should rise from here for a bit

I sense not. Check out 4hour chart. Big drop a likely possibility.

 

[jimmiebarton]

Guess we sit here for next 20 mins. Or until the early news leak

 

[jimmiebarton]

s 4360.25 sl 4375

FED: We're worried about Greece

 

[Buy1Sell2]

My calculation still shows the stop to be 4323.00 so will stick with it for now. If stopped, I can always get back in.
--edit-- actually it shows the stop to now be 4293.00, but I do not move stops away from the trade or remove them. I can just get back in if I so desire

 

[Buy1Sell2]

What direction is your wedge headed on the 5 min Romy?

 

[romik]

Up. But against the bearishness of bigger time frames. Pennant, I am not keen on those.

 

[Buy1Sell2]

Up. But against the bearishness of bigger time frames. Pennant, I am not keen on those.

Do you place any emphasis on the double touch of the 4335 area with a 3rd initial touch of that general area Sun night at 4344

 

[romik]

I did on 1st and 2nd occasion, but not now. There is a very bearish MACD cross under centreline on 240m, not good.

 

[Buy1Sell2]

Do you assign any import to the second RSI peak being higher than the first one when overlaid with the 2 peaks on Histogram on 4 hour?

 

[romik]

Do you assign any import to the second RSI peak being higher than the first one when overlaid with the 2 peaks on Histogram on 4 hour?

On my chart 2nd peak is lower, perhaps post a chart.

To me, yesterday's drop didn't materialise due to clear intervention from China and that glitch, which I don't buy at all due to coincidental timing. Obviously if governments keep intervening it only reduces outcome of bearish patterns.