The DAX is great for its harmonics. We've not seen a correction for a while and now we've got RSI divergence (over bought), a harmonic pattern and if we had DT that might come then that's a great reason to short. Keep an eye on this one to see how it pans out.
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list.
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Weekly target has been reached today and it was really wonderful setup. The beauty of trade was the confluence of short setups on weekly & daily charts that enabled us to wait longer for distant profit target. Second weekly target for those who want to continue holding their position will be 1102.00 if they can psychologically tolerate holding profitable trades...
Japan 225 in the long term may be a good short which could show to be VERY profitable.
Japan has been forming lower highs since 1991 which the next one I believe has just formed, as it did not break the last high. A doji has formed on the last potential lower high which shows indecision in the market after a bullish move since 08/2012. After the doji was formed...
On the daily chart I drew the fib levels, then zooming into lower time frames, you can see a shooting star forming right on the fib level, also the fib level which could cause this reverse is 0.618% a key level in the fib tool. Also on this time frame you can see the stoch showing this as over brought, also on high time frames you can see this level been used as...
LESSON: Don't be stupid and give your money away trying to guess on entries. Wait until a setup triggers. We "thought" Corn was going to roll over on a pattern we saw but no dice. If we would have "reacted" and shorted we would've had a quick loss. Using a trigger to identify the entry - RISK - and targets will keep you in the game and help you achieve your...
$NQ still has not triggered and it may run away from us...bummer. We will not initiate any new trades until next due to the holiday. This is still our watch list.
HAPPY HOLIDAY TO ALL!!!!!!!
SANTA IS punishing the bears for doubting him. The push is on and we are long from a 60 min pullback and trigger. We will trail stops. The target is the 2100
HAPPY HOLIDAYS TO ALL!!!!!!!
Using just PA. and Fibonacci extension I can display where price is heading. Once price breaks above 18000 expect targets below to be hit!
18120 TP1
18400 TP2
Price is trading above 200SMA so we are still very bullish. Any major pullbacks to key support areas should be great opportunities to go long! Keep an eye out for Crude Oil as this will be the major...
SANTA IS BACK!!! All indices are in BUY mode. We are aggressively looking for buy opportunities on the $NQ, $TF ($RJ), $ES. We would like a pullback to the shaded zone but looking at past rally's that may happen. Any buy triggers on shorter time frames will be bought. For the emini S&P we will be targeting the 2100 area for the first area to peel some profits.
Been keeping an eye on Wall Street as its reached an all time high with price rejecting it. After a bearish engulfing on the weekly we can now see a rally down back to the 16,000. With Fib C in place on a previous demand & supply area where the market has produced engulfing candles in the past this is an important area of confluence if you zoom in for P.A on the...
The sisters ($TF and $NQ) didn't play along and we busted through 2 levels of support. Is this the top for the year? Hard to tell since we can run through the highs in a couple days. Looking at the weekly and monthly chart we would say there is more upside to come. So enjoy the pullback. We will look to short (very small size) on bounces and triggers. ...
