Simplicity in TA

[ammo]

reduced to a weekly you can see a smaller hns similar to the one after the 07/08 turn

 

[ammo]

reduced to a daily you can see an inverse hns building charachterizing accumulatiom,a lot of these don't plat out but they do give a clue as to accum/distribution if we rise there a few tl for res

 

[ammo]

if you add in market profile ,there is a wider nip (more traded at that price)up at 1284-88 where you would find more sellers than the narrower 59-62,it hit that nip and pulled back to the 44 nip .also the res tl it broke and came back to acting as support

 

[ammo]

that was a parabolic move, they have to pull back somewhere,if it doesnt hold the 44 area there are a few spots below for short targets,if you have your supp.res homework in front of you ,it's somewhat easier

 

[Xspurt]

Quote from Xspurt:

Sounds like you need to learn a lot more TA. Without getting into advanced tools, here's some of my more obvious thinking...

1) I was expecting this drop and reversal as per my earlier notes

2) so I get a QUALITY pull back lower which tells me to expect a good reversal up

3) it pulls into the 50% support area of the up wave

4) I get a small body on low volume

5) followed by a potent Engulfer that swallows the prior two candles

6) and breaks the down trend line

7) on big volume

8) and gives a star candle signal

9) when I am expecting the weekly to re-gas and take us up as per my previous notes

10) and combining all of these makes it a bit of a screamer signal long

When I listed the simple TA reasons for the reversal I forgot to also mention the screaming fundamentals supporting the move. The relief that the Eur was getting all kinds of inter bank and government support had a domino effect round the timezones that culminated in one way traffic. The force behind that was going to carry on for some time.

So you had the additional comfort that governments were pushing the buttons and were able to piggy back on that gas level.

 

[FreakofNature]

so xspurt where is this move retrading to and how high can it go

 

[Xspurt]

Quote from FreakofNature:

so xspurt where is this move retrading to and how high can it go

It's a secret unless you read the thread. You don't have to go very far back

 

[Xspurt]

Quote from PoliticallyCorr:

Dear H.R. : Since this is bragging about the past, on a Sunday, let me show you how proper bragging is done:
......
From: eudaemon7@hotmail.com
To: xxxxxx@gmail.com
Subject: RE: yyyyyy
Date: Wed, 23 Nov 2011 10:42:45 +0000

still 2 days early for longs...


Date: Sun, 20 Nov 2011 15:29:41 -0600
Subject: yyyyyy
From: xxxxxx@gmail.com
To: eudaemon7@hotmail.com

Hey man!
......

This email was sent to one reputable member of ET, and only one. Why?.

1-Because I could.
2-Because he is a real trader.
3-Because I have never caught him in a lie or a misrepresentation.
4-Because he could use the info if he chose to.
5-Because he helped me in the past with some options confusions that I had, and I wanted to do something nice in the eve of Thanksgiving.
6-Because if I'd give you directions, you'd never get lost, and you'd arrive at least 5 minutes early. (or 2 days in this particular Thanksgiving case).
7-Because the police often questions me, just because they find me interesting.

Mr. H. R. : How about you post some charts about the future path of the price instead of hindsight charts?. As you well know, many, many reasons can be attributed to a hindsight chart, when in realtime none really existed.

How about that for a brag?.

Why do all ET threads eventually attract new multiple aliases full of bravado who refuse to read from the beginning and then demand the op post what he has already posted umpteen times?

Or is it just the same looper on all threads? If there was a post history it would show the truth but then we don't want that, do we? Keep ducking and diving

What's the point on making claims no one can verify except a real trader who needs your help?? Post 'em here to show how it's done and keep posting until people see you don't need to keep changing your identity because you have nothing to give.

Btw, I have you on the short list as the poss child porn guy as you behave in a similar way. And I also note you have a problem with execution meaning you have lots of time to behave in the way you do.

 

[Xspurt]

Quote from PoliticallyCorr:

Thanks for confirming my suspicions. You are, as usual, off the mark. A week late and several dollars short.

Time for Church perhaps?.

Oh come on, you behave like a sanctimonious coward who crawls into a new identity in no time. Here's you chance to show a reformed character and post your calls and how to do it.

It would kill off my idea that you might be the child porn guy. I'd like to say I'm kidding, but I'm not. Perhaps you're the killer trader who is too good for ET lol.

I'd welcome you're positive contribution and even your challenges if you were in one place for more than ten minutes.

 

[JoshDance]

Quote from ammo:

on multiple time frames,here's a yearly that gave you bottoms in 02 and 03 and tops in 09 and10 ,its also building a massive hns

Looks like a similar pattern in 1975 which then shot upwards.