3674 replies to this topic

[strydomk]

My system is saying short but it just doesn't feel right.

[BlythZ]

good news and bad news is good for US market!!  so normally up either way..

 

However I want to see how they react to Chinas bad news..

 

More likely open positive..go higher...than boom bang...the 5pm wave to take it down and then recovery later on...just my call!

 

currency reaction is more important!

Seems like the ZAR is strengthening and this will favour shorts. EMAs all close together, narrow Bollinger Bands the break will be an impulsive one

[HDB]

Is good news now bad news? What do you make of the Jobless numbers? 

good news and bad news is good for US market!!  so normally up either way..

 

However I want to see how they react to Chinas bad news..

 

More likely open positive..go higher...than boom bang...the 5pm wave to take it down and then recovery later on...just my call!

 

currency reaction is more important!

[BlythZ]

Is good news now bad news? What do you make of the Jobless numbers? 

[Dallas]

On the D.MVT 30min chart round obout 9:00 the

 

Red line was at 50.37

Green line was at 9.06

 

before she turned up.... confirming again that it is worth looking into...?

[BlythZ]

Seems like there is a tiny inverse H&S forming on the 5 min neck line around 46,330 which might take us to 46,380 if it plays out. This is on the Futures

[BlythZ]

Difficult to call, all EMA together, market trading sideways for now...

That's true, that is why i decided to hold on to the long and MACD also looks like she is going to head higher soon

[Playa]

Difficult to call, all EMA together, market trading sideways for now...

[BlythZ]

Long again 46,330 Futures

[mx125]

good stuff..scalping 50p several times a session adds up..stay nimble

Scalping works. It ads up. The only problem is when it goes the wrong way I tend to hold on to long before I take my loss.

[delta66]

good stuff..scalping 50p several times a session adds up..stay nimble

[BlythZ]

GBP getting hammered, i am short 46,329 Futures 

Took 20 pips * 4 = 80 pips looks like she wants to form a bigger inverse H & S with neck line around 46,384 Futures, will take the next signal for a trade

[HDB]

and a break below 46291 creates another slightly bigger one

 

target then to about pivot!!

[mx125]

Hay I'm getting there. Also saw it and went short 46374

I took 50p and ran.

[delta66]

small h&S on 5 min....

break below 46356 confirms

 

target about +-46200

well spotted..excellent live call

[HDB]

neck line gone...

quick and fast!!

[mx125]

Hay I'm getting there. Also saw it and went short 46374

[HDB]

small h&S on 5 min....

break below 46356 confirms

 

target about +-46200

neck line gone...

Edited by HDB, 21 August 2014 - 11:28 AM.

[BlythZ]

small h&S on 5 min....

break below 46356 confirms

 

target about +-46200

I saw that too when it formed the head, hopefully it plays out. Are you playing this H&S?

[HDB]

small h&S on 5 min....

break below 46356 confirms

 

target about +-46200