Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Niko
-
Content Count
800 -
Joined
-
Last visited
Everything posted by Niko
-
My levels for the day. Price is in a TR between 14 and 28, the longer term view is that price still in a downtrend from yesterday. 14 is a daily level, so lots of traders must be watching it and it might be of importance. If 14 is broken, then my levels are: 10 Not drawn 98 78 71 If 14 holds and prices reverse then the levels to watch would be: 23 38 48 60
-
My levels for today in the TIF thread were 23 and 38, did not have the 34,31,28 levels that appear on the chart in yellow as those correspond to a premarket TR. My analysis for today's action: 1. The market opened within the pre-market TR between 28 and 31. After testing supply at 34, sellers managed to take prices below the MP of this TR where S was found rapidly at 29, at this point buyers showed strength, and managed to move the market swiftly towards R at 38. 2. At first, it looked as is R would not hold, but just after R was crossed sellers started pressing prices and the upswings started to contract. At 41 the buyers finally lost control and prices started descending towards S at 38. 3. The first sign of weakness was the way in which 38 was crossed, without interference from buyers until 35. 4. Then a failure of buyers to take prices above 38 gave the final weakness confirmation before sellers managed to take decisive action (smoother downswings). From there, sellers kept control of the market, crossing through the premarket TR without much difficulty, except some minor resting spells. 5. When S was reached at 23, buyers started coming in, making longer upswings and finally a DB around 10:00. From there they took control, and rapidly managed to take prices up in long and smooth upswings. Once again the premarket TR provided some congestion on the way up but it was easily overcome. 6. After reaching R, buyers did not manage to break above the opening high, and once again, after a Lower high around 10:20 sellers started selling with decision making longer down waves. Between 10:27 and 10:45 the TR provided S, but at 10:45 this S was broken and prices fell with a small RET to R at 28 from where sellers launched themselves towards S at 23. 7. By 11:00 prices were resting around S at 23.
-
After a cross below yest level of S at 38 the market kept falling until S was found around 25. In the daily chart the market is at the channel low and nearing a S at 514. The closest S/R level is 23 if it holds, then R could be found at: 38 48 60 69 If 23 does not hold and the market keeps trending lowers then S could be found at: 14 98 78 Bellow 98 is getting harder to spot S, I am using Feb and Jan TRs, any ideas would be appreciated.
-
I was thinking about posting an update when I found yours G... These are my thoughts Oil is still on a trading range between 83 and 87 right now is around the MP in 85,7. There is no much to do but to wait until it reaches the upper or the lower end of the range. As for trend, and from a bigger perspective we are still in the channel that started in the last days of September. A break below 83.81 would take us to 82 and then 80 and 79. In case buyers manage to break R at 87.6 then 88.5 and then 90.3 would be the next targets.
-
My analisys for the day: This were the levels posted in the TIF thread. 1. After the open the market stayed in a small TR with a top at the 76 R level, after a first attempt, buyers did not manage to hold their advance, and sellers rapidly set a LH, but were not strong enough to take prices to S. 2. Once again Buyers attempted to take prices above R, bur were held on 76 by sellers who managed to take prices smoothly below the opening TR. 3. After reaching S at 68 price kept on falling but found buyers at 64, from there prices went nowhere between 9:55 and 10:12 in an 8 point TR. By 10 16 after managing to stay in the bottom of the TR and forming a small hinge, sellers finally showed their willingness to commit and managed to take prices down with decision. This made 64 the new R level when prices pulled back at 10:19. 4. S at 60 was taken out fast, and became R on the second attempt by buyers to take prices up again.(Did not have it on my pre-market analysis). After a second attempt a LH was formed and from then on prices fell fast. 5. At 54 prices found S again, formed a hinge that was broken to the downside with good volume, but sellers couldn't move bellow 50. By 11:00 the TL that started in 73 was broken and prices had started to rise.
-
After setting a HL yesterday buyers did not manage to break above 584, if this was short selling then perhaps today we will not get much of a following, if not we will see. My levels for the day. (at 7 AM prices are around 576): Bellow price: 569 557 MP area -559 Yest low 553 Mon Low - 554 Top of a minor TR in July 25-26 547 Top of Jun 11 to 14 TR Above Price: 584-587-589 various congestion points. 597 607
-
Db, Perhaps one of the charts did not show up, there were some levels below price that I got from the a longer TF:
-
My recount of the day, 1. After the open prices reached the S level at 54, there buyers managed to keep sellers above 53 and finally set a DB. 2. As prices reached 60 some supply came into the market, but is was not enough to stop buyers from taking prices even higher. 3. At first it appeared as if 68 would not provide enough R , but after reaching 72 sellers managed to take the prices down to 68 again, there buyers started coming in again. 4. By the end of this trading range their strength had shifted again to the buyers side, as the upwaves became stronger. 5. Sellers held the market at R at 76, and after a Triple Top, sellers took control of the market. 6. Seller’s strength faded at S at 68, where buyers rapidly erased sellers decline and managed to break above R at 76. 7. But then a LH signaled that buyers lacked the strength to take prices even higher, this gave sellers the chance to mode to the MP of the 68-76 area where buyers managed to take the market up to R again. 8. There a LH signaled buyers weakness, that then developed into a down move, that. 9. After a new attempt at R, finally made it to S. 10. At 68, sellers ran out of steam after a strong and swift downwave, giving buyers the chance to set a HL and from then, although not without effort a rise towards R. 11. By this time 76 was no longer holding as R and prices crossed swiftly. 12. By 11:00 prices managed to reach the 84 level.
-
Db, I don't get the question, are you asking why did I use the july levels, or why are those the specific numbers I am focusing on?
-
Yesterday analysis. Sorry for the delay. 1. During the open the S level at 91 was tested, there buyers held the decline and managed to take the price all the way to 97 where sellers provided R (a pre-open high) 2. After various attempts, 97 was finally the end of the ride for buyers after 4 tops 3. Prices declined with smother waves towards 91 and although it held prices twice, the new rally did not manage to go much higher than the MP. 4. Then after a LL, the new RET did not manage to get above the MP of the last downswing. 5. Prices reached S, where buyers came in making a HL, pushing prices near the MP, but there buyers lost their steam. 6. Sellers managed to take prices to S again, but they did not have the strength to break, then after a hard fight (zigzagginess), they were stopped by sellers around the 87 congestion area. 7. This time sellers did not have any interference from buyers and managed to cross S without trouble. It was an easy ride until 80 where some minor S was easily taken out, and prices went all the way to 76 were S was once again awaiting.
-
We are again in a clear downtrend, and have to make use of july levels to define SR as no meaningful congestion is at hand during the last months. At 63, we are near the bottom of Nov 9. During the morning there has been some support at , 60, but is yet to be tested during the following minutes, if 60 does not hold these are my levels of interest: 54 47 38 If a HL manages to survive here then I would be looking for: 68 76 84 07
-
Buyers made a HL at the MP of Nov 9 TR and are currently pushing prices above the last downswing (625 to 556) MP at 91. If buyers manage to make a HH above 97, then possibly will find R at : 607 616 625 If sellers take control and bring prices below 91 again then: 584 576 569 556 (Last week low)
-
We are still in the channel that started in October 6, after finding S at the May - July TR MP around 78 buyers have had a great deal of difficulty taking prices up. There is an area Db pointed out in the chat last week, that is the 93 level (purple dashed line), that is the last low before breaking the May-July TR. That is where prices are now. We are still in the channel so there is no oversold alert, we could see buyers reaching for the upper end of the channel in the following days. There is really not much EOD R between 93 and 43, that will be out of the channel in a few days. Levels of interest: Above price: 643 690 737 Below price: 578 514
-
My levels for tomorrow. 26 07 89 67 43 26 Don´t know if I can make it to the chat, I will try to post more of a pre-market analysis if I have time tomorrow morning.
-
My comments for the day, they are still mainly descriptive, but I am getting more and more information out of PA, I expect the value added will increase in the following weeks. 1. Prices opened around the 16 S level, after 2 attempts sellers gave up. Buyers managed to advance price without much trouble, but found sellers at 22, who with some effort managed to take prices down. 2. Prices reached 16 again after falling from 19 with decision, after a small pause the plunge continued until buyers started pressing prices up with a DB at 11. 3. 16 is again a level of interest, this time it was easily penetrated to the upside and immediately became a S level. Prices then managed to keep rising, this time under increased pressure from sellers, who finally managed to take prices down at 23. 4. After a small congestion at 20, prices fell towards 16, where buyers were waiting with enough orders to create a V reversal. This time though, sellers came in earlier at 21 and started pressing sellers, making a LH and a LL 5. Finally at 10:05, sellers managed to cross 16 with no pressure from buyers, finding S at the 12-14 area where prices had reversed at 9:36. After a small RET prices kept on falling until reaching the 07 S area. 6. At 07, a DB was established and this propelled price to the upside, although it is worth to notice that selling pressure was not giving up easily in the up waves and that sellers finally managed to set a LH at the 12-14 area that now became an area of R. 7. Prices broke through S at 7 and managed to get to the S area at 00 (I did not have that area in my interest levels) 8. At 00 a DB was formed and prices managed to get back to 07 that now provided R. 9. After reaching 07, prices moved higher 2 more points where a DT was formed, then a LH confirmed buyer’s weakness before a rapid plunge occurred around 10:40. 10. After overshooting the 00 S area by 3 points, buyers came in and took prices up, once again under sellers pressure. 11. This time the sellers at the 07 R area rejected buyers, but they ran out of conviction at 02 around the congestion area between 10:24 and 10:32. 12. Buyers managed to break above 07, but the TR from 9. Provided too much R to be absorbed. This took prices down after defining a LH 13. Buyers entered early this time at 00 and took prices up with more conviction.
-
We just broke below S and entered a new congestion zone between 07 and 25, given the fact that the market managed to mark a new low yesterday and that the EOD channel still intact i think this congestion is just a resting area before the plunging continues, but then again I could be wrong. My levels for the day: In case price manage to open above the current TR MP at 16 the next pauses would be expected at: 25 30 37 45-49 If prices break below 16 the next levels of interest are: 07 589 567 543
-
My analysis for the day: 1. The day start at the 45 S level where buyers lose control right at the open, after a small Retracement prices begin to plunge fast without much interference from the sellers, until reaching 40 where the selling paused for a couple of minutes. I did not have that level on my premarket analysis. 2. Prices reached the 37 S level where buyers entered with strength taking prices back to the 40 R area, there prices congested until 9:46 when they finally broke up to the upside and manage to get to the 45 R. Notice how the rise was very zigzaggy as opposed to the fall that was much smother. 3. After breaching 45 sellers started coming in making it harder for buyers to reach higher prices, then a drop to 45 finally killed the rally. After a congestion around 45, prices finally made a LH and started descending. Notice again how the downswings are smoother than the upswings in the previous rise (2.) 4. Prices reached R at 37 again, but this time sellers stopped the buyers advance at the LSL, and rapidly managed to set a LH. 5. After some demand showed up unsuccessfully around 33 and 31 prices finally made it to S at 30, there sellers crossed without much interference. I guess it was taken out in the previous 2 attempts. 6. Prices reached S at 24 where buyers started coming into the market and managed to stop sellers advance for 30 minutes, forming a TR between 24 and 30. 7. As buyers managed to reach 30 with difficulty, they were repelled by sellers without much of a fight, signaling again weakness. 8. After breaking 24 again sellers managed to make a LL and then prices stop at the LSH before plunging again. 9. The fall to 10 was more zigzaggy than previous falls, and after 11 buyers managed to take prices to the MP of the last downswing (26 – 10) where sellers once again entered to provide R.
-
My thoughts for the day. Yesterday prices did not move decisively (elections), after finally breaking the morning TR did not manage to break the top of the 43-90 TR. If 643 is broken, with all the times prices have been at that level in recent weeks and found buyers, one would expect a strong BO. If that happens 578 is our first pause level, and if that does not hold 514 is our next S. If prices manage to stay above 643, then 690 will provide R again, if it is finally broken 723 and 762 are the next expected areas of R.
-
All of the levels from yesterday still relevant. I have drawn a new box between 30 and 45 to take into account the congestion from Oct 31st. After breaking 81 sellers provided R at 91 below last week high of 94. From there an erratic fall has followed. At the time of this post prices have bounced from the S at 49, but the immediate trend still down within the longer TR. If prices keep on falling below 49 they will possibly find buyers at: 45 37 30 If prices make a HL and start rising above 57, the next levels of interest are: 67-69 77 81 91 This week high
-
Here are my thoughts for the day: All of the levels from last week still relevant. I have marked a Small TR that I think can be relevant this week. (Yellow) Price is making HHs and HLs, signaling and uptrend within the larger TR. If prices keep rising above 73 they will probably pause around: 77 81 94 Last week high If prices reverse again below 73 they will find buyers at: 67-69 57 49
-
Well, just back from a local holiday. Here are my thoughts for the day: All the levels from last post still valid, price is in a TR with S at 643 and R at 690. Yesterday buyers merely managed to move the price above the MP of Friday fall on decreasing volume, which does not imply strength. But the fact that buyers are managing to stay above the Jun-Sep rally MP is a signal they are not giving up either. Only time will tell. If 690 is broken, then 737 and 762 are the next levels of interest to the upside. If 643 is broken 578 and 514 are the next levels of interest to the downside.
-
Some thoughts: - We are at the MP of the march- may TR at 690. - DL was broken this week. - SL still holds - Price rose yesterday on small volume, what can be interpreted more as weak sellers than as strong buyers. Possibilities: Break of 90 level and SL: Next R at 737 REV at 90: Next S at 43 Only time will tell
-
G, I guess your efforts are paying off .
-
Bloc, Instead of just pasting the link in the message, add and the image will show up in the body of the message.
-
Prices finally consolidated around 81 premarket (At 7:41 prices were at 86). We are at the edge of a SL that comes from the first week of October, and establishing NSHs. My levels of interest: 718 706 695 Week high 681 669 657 If prices manage to break the SL and stay above 81, next level should be 95 and then 06, if the SL holds and prices reverse below 81, first pause is expected at 67-68 followed by 57.