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boru
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Everything posted by boru
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5 min chart price appears to have found S at 2625 and is making HH's and HL's.my levels to watch are 2625 and 2607 to the downside and 2643,2654 and 2678 if we continue up. The NQ is in a precaious position. A break of 2625 could mean a contination of the downtrend on the daily chart.
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an example of going to a smaller bar interval after a downside breakout for entry. The RET is clearly visible on the 15 sec chart while the first chart (1 min) had no such RET.
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price continues to move up however there is a band of R at 2694-2707 to work through. Support may be found at 2688,82,76,and 70.
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price is currently trading in a TR ( 15 min) 23.75-26 to 31. if price breaks out to upside there is R at 38-40 and to the downside a break of support could see a drop to 07.
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80-82 must hold to keep small uptrend intact. Larger downtrend is still in effect. There is a small TR at 82-90. If price breaks above 90 i'm watching 2607,2625 and 2656. If price breaks below 2580 (which is the mp of a large TR on daily chart) my levels below would be 76,70,61,50 and 39. Looks like air below 80 and most of these levels had reactions on or near them on 11/14.
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After the open price has moved mostly higher trading through R at 2540 then using 40 as support. Price is showing good buying pressure early breaking through 2551 and approaching 60 levels i'm watching 85,70-75,58-60 above and 40,26 and 14 below.
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15 min chart , the levels are noted.Below the TR at 2527 Its getting impossible for me to see any levels.with my data. May have to switch to something with more historical data.
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1.premarket, buyers are supporting prices at 2570 2. At 8;30 a.m.price rallies to R at 75-76 and we appear to be in a TR 3.9:55 a.m. price breaks support and drops down into a new TR at 65-70 4. 10:17 price gaps down breaking support at 65 and trended steadily downward to 50 a mix of TR and trend.
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After the runup in the am yesterday price retraced all its gains trading back very near its open at 60. Price then traded higher overnight to R at 2585. and has drifting downward since 4:30 am.broke its TL at 7:00 am and LSH at 78.75. My levels for today 2585,2594 and 2607 above and 2570,2560-2556 below.
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The first chart has my premarket s/r lines the second chart I readjusted some of the lines as s/r shfted. A few things to consider, this chart was marked up after trading hours so I had the benefit of hindsight and time,I was watching this in RT and most of my notes were from 9;30 to 11;00. I am in the process of drafting a trading plan entering on RET's after HH's and LL's.This is a work in progress any comments and corrections would be welcomed. 1.I was watching 60 and 56 for support 2. price dropped through 60 premarket and appeared to be holding at 56.Price rallied off 56 but buyers couldn't even get price back to 60. The market opens with a push below 56 to 53 where support comes in and pushes market higher 3. Price breaks the LSH and forms RET. Buying pressure pushes price to HH. 4.Another HH and RET and price makes HH. 5.Price hits 72 I had 67-70 as a zone of R another RET and push to HH's 6. R at 77 price was sitting at the top. RET 7.looked like price was moving up but I think the buyers needed a break price trades down to S at 68 8.buyers step in and take price up to 79 9.HH at 79 looking for a RET 10. Small drop price can't get back to the highs drops again PA getting a little choppier. 11. Buyers take price higher but can't reach the highs LH. 12 sellers push price to LL.looking to shoert a rally? 13.Price moves lower but sellers lack conviction price doesn't reach the lows at 10;08. 14. LH shorting oppt? 15 slightly LL. I was so intent looking for HH's LL's I only now recognized the TR. buying pressure takes price up to the top of range 16. HH. quit for the day
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some tif for today comments appreciatted
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Has anyone else had a problem lately with their replay on oec? for some reason mine just refuses to chart the bar interval I want, looks like a tick chart.
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Thanks Tomer well articulated much clearer and easier to follow than my chart.
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first post to cws looking forward to advice nq4.jpg
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some observations from this morning
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based on a 10 min chart we are in an uptrend that is hitting R at 76.50. There seems to be layers of R above from 76-87 to work through, based on the 60 min we are still in a large TR. price need s take out 76.50 next R looks like 81.25. to the downside support at 66 then 63.75
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some levels to consider
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my observations, the longer term trend is down. Looking at the 60 min I see a tr forming between 2704-2694 and 2606. A break above 2704 could ignite some buying otherwise it is a large tr and there may be some tradeable swings inside
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trial
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trial
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very true ..............
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would anyone know if the acquisition of oec by gain capital is good or bad for our accounts?
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I would also look forward to a tape reading thread thanks
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hey jumper I had the same experience in chat lately. Used to be some very good traders in there.As far as the ads I think James sold TL and the new owners are trying to raise some revenue I'm guessing
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Has TL Been Sold or Just New Admin?
boru replied to brownsfan019's topic in Announcements and Support
James thanks for all you've done, TL has been great place for new traders to learn from some of the best. Boru