thanks guys for the tza tip i really like this chart, offer my
charts. points i take from these are that
on 120m- although wedge is breaking, symmetry of previous
pullbacks is not yet broken
on daily- note .62 retrace and .5 retrace of larger move are the
same and same as measured move out of wedge. note on daily i have
marked ABC down just as 2 legs roughly equal, may not be completed
to downside.
hi cubby i use ninja and the data feed from IB - interactive
brokers- who are my broker. i think i pay $10 bucks a month to IB
for the data - refunded if i do XX number of trades, sorry cannot
remember the deal but it is not many trades as i rarely pay the
$10
no other charges, unless you want other markets, europe.
australia etc, works well
so i just noticed while stalking my charts that although we are
possibly short the energy types, xle system etc. OIH would
make a very strong case for a bounce and maybe quite a good one IF
it opened down and stopped around the 40.40- 40.50 mark.
the last few weeks watching the "news driven market. "
the first book i ever read about TA left me with two
memorable quotes- first was that the "market leads the economic
news , maybe by 3 to 6 months" and that the first rule of TA
(according to that book) was to "ignore the news" as the TA
patterns will trump the news anyway.
so now i am watching the market react to news items
daily.....but really apart from short term reactions maybe it is
just doing what the patterns would tell us it was going to do
anyway.
i think the fiscal cliff was always never going to be resolved
until the last minute just because politicians need a headline that
makes them look like heroes.... "i saved americans from devastation
at the last minute" and i also think that the market is going down
hard sometime soon whether or not the fiscal cliff is resolved, and
i think the patterns for this are in place. it is has also been a
bit of a pattern the last few years that market tops have come in
on so called "Good News" items.
i also find it interesting that markets have rallied most of
last year on the basis of awful economic reports and now as the
rally looks to be fading the economic news is generally
improving.
so maybe that book i read was right, and maybe as steve and matt
have been saying too we just need to look at the analysis and
ignore the rest and maybe that might be easier to say when i am not
living in the U.S. and directly affected by the fiscal
rubbish........ but anyway there is my 2 cents worth. all the best
for a new year to all.
daily spx chart showing very similar pattern to the congestion
above the june low. current pattern is on shorter timeframe but
otherwise similar, check position of macd and also 60 stoch and
macd histo close again to positive as well as MA's crossing.
so if this pattern breaks to upside as it did before in early
august possibly there is another 100 points in it.
personally i still think it is down from here, but got to
consider other options,
up this morning to find my stop was grabbed by a tick or two,
how often does that happen? and i still think this is a short but i
am wary of matt's "week or so of chop " comment , so i may just sit
and watch for a bit.
on a 5m spx the pullback to 1410 looks like a-b-c to me.
added to that looking at a 60m chart of spx or ndx BB are
tighter than for a while and high is divergent on macd and stoch's
have room to move down. 60m vix chart looks to me like it has some
upside at least in the shorter term. i see aapl is down well
pre-market which will only help drag index lower , especially ndx,
so i thinking at least some short term lower prices here.
short ndx from yesterday 2686, and watching .
matt earlier this year you had a stat, i think it was if market
closed first quarter higher than jan close there was a high prob
for year to end higher,,,,,, or something like that. when you get a
moment could you repeat it please.
hi matt, i have never calculated ema's before but i like a math
challenge so i had a play and i get 58.97 for tues ema, so no help
so far but will think about it for a bit.
The community is delayed by three days for non registered users.
sumr
Posted by morgan8 on 9th of Jul 2014 at 07:44 am
not sure if was steve or matt from a few weeks back, maybe actually getting there, would like a bit of volume
thanks guys for the tza
Posted by morgan8 on 7th of Jul 2014 at 11:25 pm
thanks guys for the tza tip i really like this chart, offer my charts. points i take from these are that
on 120m- although wedge is breaking, symmetry of previous pullbacks is not yet broken
on daily- note .62 retrace and .5 retrace of larger move are the same and same as measured move out of wedge. note on daily i have marked ABC down just as 2 legs roughly equal, may not be completed to downside.
steve - newsletter tonight - offer to help/tutorials
Posted by morgan8 on 20th of Jun 2014 at 04:56 am
steve just listened to tonights newsletter and your little piece about the trading set ups. thank you.
PEOPLE - take advantage of this offer if you have not already. i did recently and wished i had gotten around to it a year or two back. GOLD
ninja
Open Call: Brokers supporting Ninja Trader, time 4 a change
Posted by morgan8 on 25th of Oct 2013 at 10:55 am
hi cubby i use ninja and the data feed from IB - interactive brokers- who are my broker. i think i pay $10 bucks a month to IB for the data - refunded if i do XX number of trades, sorry cannot remember the deal but it is not many trades as i rarely pay the $10
no other charges, unless you want other markets, europe. australia etc, works well
ninja bptma
Posted by morgan8 on 23rd of Sep 2013 at 07:46 am
hey matt, i downloaded this about 4 hours ago and am having so much fun, thank you very much
yep great news , thank
BPT MA Deluxe coming for Ninja Trader
Posted by morgan8 on 14th of Jul 2013 at 11:51 pm
yep great news , thank you, looking forward to that
http://stockcharts.com/search/index.html?section=cs&q=pivot+points&sa=Search
Daily Pivots in Newsletters
Posted by morgan8 on 23rd of Jun 2013 at 04:42 am
http://stockcharts.com/search/index.html?section=cs&q=pivot+points&sa=Search
oih daily
Posted by morgan8 on 5th of Apr 2013 at 08:52 am
so i just noticed while stalking my charts that although we are possibly short the energy types, xle system etc. OIH would make a very strong case for a bounce and maybe quite a good one IF it opened down and stopped around the 40.40- 40.50 mark.
yep looks like nice call
ES 30 Update
Posted by morgan8 on 15th of Jan 2013 at 10:20 am
yep looks like nice call steve , hope it sticks
thank you i will keep
$NYMO divergence
Posted by morgan8 on 11th of Jan 2013 at 09:03 am
thank you i will keep an eye on 15.22 also if it triggers
hi steve,zwyss
$NYMO divergence
Posted by morgan8 on 11th of Jan 2013 at 08:42 am
and although i am not trying to drag you into a whole tutorial here and now steve i just thought i would throw my chart in for a comment
i picked out AGO from the newsletter today. and then drilled down from the daily chart provided to a 10 minute view that looked ok to me.
so my trigger is now a break of the line at 15.01- 15.02 with stop just under 14.78
is this about how you would approach it .
thanks zac
Money Flow
Posted by morgan8 on 3rd of Jan 2013 at 08:11 am
you read my mind i was just about to ask for that, thought it would be interesting to see
TA and news
Posted by morgan8 on 30th of Dec 2012 at 11:47 pm
the last few weeks watching the "news driven market. " the first book i ever read about TA left me with two memorable quotes- first was that the "market leads the economic news , maybe by 3 to 6 months" and that the first rule of TA (according to that book) was to "ignore the news" as the TA patterns will trump the news anyway.
so now i am watching the market react to news items daily.....but really apart from short term reactions maybe it is just doing what the patterns would tell us it was going to do anyway.
i think the fiscal cliff was always never going to be resolved until the last minute just because politicians need a headline that makes them look like heroes.... "i saved americans from devastation at the last minute" and i also think that the market is going down hard sometime soon whether or not the fiscal cliff is resolved, and i think the patterns for this are in place. it is has also been a bit of a pattern the last few years that market tops have come in on so called "Good News" items.
i also find it interesting that markets have rallied most of last year on the basis of awful economic reports and now as the rally looks to be fading the economic news is generally improving.
so maybe that book i read was right, and maybe as steve and matt have been saying too we just need to look at the analysis and ignore the rest and maybe that might be easier to say when i am not living in the U.S. and directly affected by the fiscal rubbish........ but anyway there is my 2 cents worth. all the best for a new year to all.
spx daily
Posted by morgan8 on 17th of Dec 2012 at 07:41 am
daily spx chart showing very similar pattern to the congestion above the june low. current pattern is on shorter timeframe but otherwise similar, check position of macd and also 60 stoch and macd histo close again to positive as well as MA's crossing.
so if this pattern breaks to upside as it did before in early august possibly there is another 100 points in it.
personally i still think it is down from here, but got to consider other options,
ndx short 2686
Posted by morgan8 on 4th of Dec 2012 at 07:50 pm
stopped out 2672.5
up this morning to find my stop was grabbed by a tick or two, how often does that happen? and i still think this is a short but i am wary of matt's "week or so of chop " comment , so i may just sit and watch for a bit.
on a 5m spx the pullback to 1410 looks like a-b-c to me.
agreed kalinm
SPX Daily Views
Posted by morgan8 on 4th of Dec 2012 at 09:27 am
added to that looking at a 60m chart of spx or ndx BB are tighter than for a while and high is divergent on macd and stoch's have room to move down. 60m vix chart looks to me like it has some upside at least in the shorter term. i see aapl is down well pre-market which will only help drag index lower , especially ndx, so i thinking at least some short term lower prices here.
short ndx from yesterday 2686, and watching .
matt earlier this year you had a stat, i think it was if market closed first quarter higher than jan close there was a high prob for year to end higher,,,,,, or something like that. when you get a moment could you repeat it please.
thanks zach always timely
Money Flow
Posted by morgan8 on 30th of Nov 2012 at 02:23 am
thanks zach always timely
hi matt, i have never
Question - need your help with something
Posted by morgan8 on 28th of Nov 2012 at 11:09 pm
hi matt, i have never calculated ema's before but i like a math challenge so i had a play and i get 58.97 for tues ema, so no help so far but will think about it for a bit.
yes thank you very much
ERX/XLE swing system
Posted by morgan8 on 22nd of Nov 2012 at 10:20 pm
yes thank you very much matt and i hope you guys all had a good thanksgiving.
i have been having a bit of a look at this and the figures are ridiculous, especially wins/losses. tremendous added value over what you already offer.
and there it goes -
SPX Intraday Views
Posted by morgan8 on 19th of Nov 2012 at 11:19 am
and there it goes - my stop that i