Simplicity in TA
- Thread starter Xspurt
- Start date
As I said, I don't have time to do a lot of analysis on this but you can see the zig-zag ABC unfolding that I mapped out earlier,
so those earlier posts included this current action.
The push up Wave A stopped at the time and resistance I suggested and what unfolded was as expected - a short down leg Wave B to be followed with Wave C up.
Intraday this was really easy to trade and especially so if you were expecting the moves and waiting on the players to show their intent. Then all you have to do is piggy back on the big guys.
If we get clobbered with an FTT knowing how to zoom out like this and capture the big trades will be essential for survival.
Also if you time your stock buys and sells to run with the main index you can really make a killing. Simple?
so those earlier posts included this current action.
The push up Wave A stopped at the time and resistance I suggested and what unfolded was as expected - a short down leg Wave B to be followed with Wave C up.
Intraday this was really easy to trade and especially so if you were expecting the moves and waiting on the players to show their intent. Then all you have to do is piggy back on the big guys.
If we get clobbered with an FTT knowing how to zoom out like this and capture the big trades will be essential for survival.
Also if you time your stock buys and sells to run with the main index you can really make a killing. Simple?
This could be the top here. 1220-1230. Time and S/R lining up
We'll find out by the end of the day if there's enough up here to crack it. Hourly flashing a "maybe".
Goooooo. Red for the day should crack this thing wide open
Did you short it?. Can you show a map of your tactics?. Nice analysis.
Yup. Starter @ 37.55 on BGZ and added @ 38.03 on the signal. Waiting to see how it closes today and i'll probably plug a few more in.
PM me your email address. I'll email you the chart I've got set up for this.
Thanks! I really appreciate it bud.
Sure: strontiumruthenate@yahoo dot com
Sounds good thanks. I'll have it out by this afternoon.
So far so good. Futures way off on the jobs number. Seems horrible.
Real question....
How does one analyse this?
Example, the quarterly may be bullish, monthly bearish, weekly bullish, daily bearish, and other shorter time frames either trending up or down depending on time frame.
How does one come to some sort of opinion when trading in these circumstances? I've never been able to understand how looking at different time frames doesn't end up in confusion.
Would it be wiser just to look at the immediate trading time series you are trading and take that signal? Thx.