35854 replies to this topic

[grantmu]

still no volumes, nothing is driving this thing.

[delta66]

H&S on 5 min  playing out.

target  +-47150

very good call if you were referring T40F(IG)

[grantmu]

inclined to agree re today being sideways hence scalping

still bullish on (futures) breaking much higher over a 3 month time span

also still on the bull

[delta66]

inclined to agree re today being sideways hence scalping

still bullish on (futures) breaking much higher over a 3 month time span

[grantmu]

To be released today - 2:30pm

thanks

[grantmu]

called this way to early but stuck to game plan on this scalp..disciplined trade can be painful @times!

I may be wrong but I think this is just momentum left over from the bull run, this will be range bound trade for the day. the only thing moving is billiton and anglo and the volumes are very low, to me that is indecision and possible mind changing going on. 

[TheBus]

will NFP be released today as tomorrow is holiday in US

 

To be released today - 2:30pm

[delta66]

called this way to early but stuck to game plan on this scalp..disciplined trade can be painful @times!

[grantmu]

will NFP be released today as tomorrow is holiday in US

[delta66]

and out...46955/105p scalp

[delta66]

in 46850(futures) on engulfing candle scalp trade

Edited by delta66, 03 July 2014 - 10:33 AM.

[farouk]

H&S on 5 min  playing out.

target  +-47150

[grantmu]

BIL is on a run today taking ANG with it

[farouk]

If Alsi breaks 47000 then i regard the corrective wave as over.

Just my opinion.

Edited by farouk, 03 July 2014 - 10:21 AM.

[grantmu]

Last post - Looking for minor (iv) agrees. Behaviour of minor (ii) suggests to me that the corrective action will be shorter duration than that (ii) wave.

I was probably getting the wrong end of the wave stick, and I was out of the loop for 2 days, Sometimes have to do real work and not just trade, so i could not find the reference chart the discussion was on. 

 

thanks for the info 

 

G

[Vertebrae]

With all this talk of waves (very appreciated), my old way of looking at the market is ringing alarm bells that we are going to turn. In some form or another we are supposed to be connected to the FTSE, although we seem to be able to ignore most of the directions of the parent, the parent seems to be turning into a downward cycle. Will we be able to ignore these and keep going up. I also see plenty of doji dotted around on the 10 and 30 min charts, usually a sign of some mind changing going on.

 

Also the fact that on days we move more than 200 points seem to be pitched up at a very step angle, we are currently quite a distance from the median line (ma10) and the general rule is if you move to far from this line the market will come back to that line, in a sideways consolidation or a drop. Looking back in history most of the time when we are this far from the middle of the channel it comes back with a drop and not sideways. As far as I can find the drop is about 1000 points, having said that after the drop it is in the past business as usual and continue on the bull.

 

Are we not getting all caught up in the waves thing and ignoring the fact that after every rally there is a correction. To me we are due a correction back to the median or a sideways to hold at the this level. and just to add to the problem I don't think that kind of correction (1000 P ) would constitute a wave end point. so the wavers could be right and there is more coming. 

 

I just get the impression we are due for a bounce from the last 6 days of bull.

 

any comments

 

G 

 

Last post - Looking for minor (iv) agrees. Behaviour of minor (ii) suggests to me that the corrective action will be shorter duration than that (ii) wave.

[Vertebrae]

Looking for minor (iv)....

 

[warnerbroers]

Targets update

 

Top40 (F) (Weekly) proc.jpg

thanks v

[Vertebrae]

Targets update

 

 

 

 

[Vertebrae]

Looking for the top (end of Primary III)

by price target

Deciphered for earthlings...