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Niko
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Everything posted by Niko
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NQ before the open: Breaking out of the hinge in the hourly. Next R at 86. Uptrend in the 5 min
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Yest. Action.
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Uptrend holding, sellers could not confirm the LH in the hourly and found S above 62.
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Sellers finally won control of the market, lets see if they can hold it.
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It all depends on your plan, what looks like a REV for someone looking a 1 min chart, does not really mean much for the 5 min chart player. Two alternative (hindsight of course) views of your chart 1. 1 Min Surfing 2. 5 Min "Buy and Hold" There are other thousand ways to play this market, just wanted to point out that it depends on what you have researched and tested.
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Do We Really Need Strategy to Max. Our Profit?
Niko replied to wmck6167's topic in Trading Psychology
If you are good at trading dividends are the last of your worries. Good luck making 5% yearly on div yields. I guess that is a good strategy. -
Buyers finally gave up!
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Buyers still pushing upwards.
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Finding S at previous day MP
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Uptrend still valid, trying to exit the hinge but R is around the corner at 97.5. This could be an interesting day.
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Thanks, I will give it a look.
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I am applying W principles to a local stock that is the market´s favorite. as expected W does not disappoint. After a strong rally from the later part of 2011 (after a huge public offering) the market rallied to almost 70 and then stalled in what looks like distribution above the MP of the upswing until Feb this year were a DT marked the lack of following on the buyers side. Now we are in a downtrend and after having some minor S at the top of the 2011-2012 TR we are approaching that TR MP, perhaps some S will be provided at 42, perhaps not.... We´ll see.
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Great to hear from you G. The problem is that nobody remembers the tech bubble, just talking about it means that we are too old :haha: Take care.
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After sellers found S at 92 buyers are back inside the up trending TC, next level of R is 96.
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Daily oil observations...
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Well, looks like buyers were waiting at 92, that was the last level of S before the hinge was broken in april... And the intraday view:
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Db, regarding this: Interesting, I would have not taken that long at that level though , at least not based in EOD data because of the break of the previous swing low at 740. What am I missing, is it a Selling Climax or is a test that happened during a fakeout? See posts 1559 and 1562 in the AMT thread.
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SL broken, we are in bears territory. Beware the MP of the last upswing.
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Lets see if bulls show up before the TC is broken.
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Premarket context: Uptrend still holds, but we can see some chop during the following days if buyers don´t come into the market.
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Well, the market kept on falling after the open. Only took 1 trade.
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Some context from the CL EOD.
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If you are asking that for real. Stop trading before you lose your shirt.
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Today´s action. The chop still gets me.