My sense of what's going on is that SMA200@1h is sloping down a bit too much for sollid buying from this level. I guess SMA100 needs another visit, and from there the rocket will take off and fly through SMA400@1h = SMA100@4h. But I've been wrong ...

US and Euro stocks mounting one more rally before crashing?

Exactly what I'm thinking

US and Euro stocks mounting one more rally before crashing?

For me it's SMA50 on the 1 minute.

US and Euro stocks mounting one more rally before crashing?

Indeed. I prefer to trade tre mornings, and today was an easy long for the open. When it comes to the drying paint, I tend to focus my attention around the turn of the half hours, which is when things a likley to happen. Such as now, a fw minutes ...

US and Euro stocks mounting one more rally before crashing?

Yes, this could go down to SMA100 on the hourly, about 150 points down, before the day is over.

US and Euro stocks mounting one more rally before crashing?

Agreed. My take on it is that the bulls are going to hammer the upside of this channel until it breaks. Below a 5 minute chart with an 80 period 0.25% envelope.

US and Euro stocks mounting one more rally before crashing?

GM - this morning, buying is happening off SMA200 on the hourly. Below a 5 minute chart with SMA2400.

US and Euro stocks mounting one more rally before crashing?

Yes, very nice guy But in my book his trade was conunter-trend - SMAs 20, 50, and 100 on the hourly pointing up, so just a move down to SMA20 to pick up demand.

US and Euro stocks mounting one more rally before crashing?

Thank you. I had to go out so I tightened my stop, and got stopped out for 202. I've had worse days, and it's one day at a time. See you tomorrow

US and Euro stocks mounting one more rally before crashing?

Well done I'm still holding on to my long.

US and Euro stocks mounting one more rally before crashing?

Monday.s impressive performance confirmed the end of the correction of the rally that started on Boxing Day. Looking at the daily, it seems like SMA200 was the target for the correction, and the starting point for next wave of buying. On the hourly, ...

US and Euro stocks mounting one more rally before crashing?

I'd suggest you need both, and generally I would use a BB half the period of the percentage envelope. Such as in the chart below - a 5 minute chart of Friday's action in the Dow - with a 0.25% 80 period envelope and 40 period Bollinger bands. ...

Swing Trades DAX/DOW/NQ/GOLD

I used to trade range candles with T3MA lines, and your post made me bring them up again and play with the Dow after NFP.. T3 MA lines show a very different level on Minute charts then T3 MA lines on Renko charts. Different calculation. Thats why I ...

Swing Trades DAX/DOW/NQ/GOLD

Thank you fot sharing that I used to trade range candles with T3MA lines, and your post made me bring them up again and play with the Dow after NFP.. And I love channels for both entries and exits. Such as the bottom in the Dow 2.07. The ...

Swing Trades DAX/DOW/NQ/GOLD

And it's not necessarily a single candle either, such as the move down in the Dow just recently - from 11.49 to the close of the 11.55 1m candle. I think the key to this is "long move without retracement", and what counts as long move is the ...

Swing Trades DAX/DOW/NQ/GOLD

Thank you. Makes sense. For this afternoon/eve I'm thinking back to where it started, i.e. 25600 area. And the 4pm candle had higher volume than any candle yesterday. Mostly due to people protecting stops above Camarilla L5, where the battle now ...

US and Euro stocks mounting one more rally before crashing?

What Islander calls a "wide ranged high volume candle". Siuch as the 2pm candle down....and then even higher volume in the 3pm reversal candle....after which it was time to jump on board Note also that these two candles were of the ...

US and Euro stocks mounting one more rally before crashing?

The Dow is 2% from its SMA200@1h - often a stop and reverse level

US and Euro stocks mounting one more rally before crashing?

As expected, the junkies have started their Draghi spunk fest. Likely to last until 12.45, at least.

US and Euro stocks mounting one more rally before crashing?