Euro hit 50% level, where it bounced from. Short will come if/when we see that level is broken. Then, and only then - sell short to .618 Video with explanations: www.youtube.com
Support has broken - Bearish. Targets by arrows. Watch video for details: www.youtube.com
We are back. Fundamentally we don't have too much to say about the markets as professional traders started to return to their trading desks after sluggish markets during last couple of weeks of December 2015. Back to the charts of Emini S&P500 which shows daily top on Dec 29th, 2015 which has been confirmed today Monday 4th Jan. by reaching the first target...
it's no secret im pretty bearish on the mrket
Hello Traders! Suggest you, take a look at the index S&P500, starting from 4 march 1957 year to current day, in terms of the Elliotte Waves, Market Profile, Volume, Cluster&Delta analysis! We hope that our modest work, will help many traders in the World to find the way of truth in future market prices! (We are sure, that you can predict better, than this...
ES has room to go higher before turning around to the downside
The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a...
This is easier seen on the 5min chart. The S&P 500 has put in an Inverse Head & Shoulders Pattern. This is a reversal pattern. Look to buy the Neckline or the Breakout (shown on chart). Look for Targets around Gap fill.
The S&P 500 is continuing with its Downtrend on the 1hr chart. Looking to keep Selling Rallies until we Violate the last swing high. We can Target the lows for Target #1 and then 1.27% Fib Ext for Target #2
When I recently mentioned that I largely didn't use a chart when scalping /ES, I got a bunch of queer looks out of people. "I just use TICK," I explain. "You know, TICK?" (NYSE Cumulative TICK). More puzzled looks. There's a lengthy Investopedia definition of the thing, so I won't bore you with those details; I'll just explain how I use it. (Note: I use the...
We are still looking for pullbacks on the $NQ. For that matter you look to the $ES and the $RJ for the same. However, we like the $NQ and will look for the Trigger Zone to get long. The market is in dire need of the pullback and hopefully will give us the opportunity. We WILL NOTE chase at the thee levels. Be patient...the players that be are hell bent on...
We will be looking for a long entry on the E-mini S&P in the trigger zone. We could get a nice move off the trigger zone. However, we will keep a tight leash on this. Earnings have been dismal at best which may place pressure back on the the market. Remember: NO TRIGGER - NO TRADE!
Looking at the es and time with fibonacci on a x axis, price seems to have a reaction at the 27.2 - 61.8 - 78.6 fib ratios. Using the October 2014 low to May 2015 high as anchors for the x axis, from observation the 27.2 - 61.8- 78.6 have made alternating highs and lows. From October 2014 to May 2015 the 27.2 was a low, 61.8 a high and the 78.6 a low. From the...
October 2014 - October 2015 coppied and pasted on to years 1965-1966 correction rally and correction. Here is a possible fractal where current price could be following or rhyme with years 1965-1966. Both periods had an initial correction (october 2014) both periods had a powerful rally out of the correction lows that made a similar % move and time move from lows...
Commercial net interest was stronger at the current yr 2015 lows than at the yr 2011 lows and yr 2007 lows before the yr 2007 ath. Both yrs 2007 and 2011 the commercial long signal resulted with the ES making a new all time high. I don´t know if price will follow this signal again. However price history can rhyme which could thrust the ES to new all time highs...
While I no longer scalp much due to the time commitment scalping generally takes (particularly in instruments most effectively traded during the NY session), I used to scalp a great deal when I was in spot forex. The simplest scalping technique I have come across and used exclusively was the "fingertrap method." Although I am not sure who is the originator of...