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Islander replied Feb 11, 2019Dow Cash M5 - comments in Cat's thread
Islander and Medici trade the European open
- Islander replied Feb 11, 2019
Dow Cash on my M5 chart shows that impressive rally from the London Open up to the confluence of levels around 25,250 where that HV (in relation to the current activity) Wide Ranged shooting star indicated some profit taking by the SM. The retrace ...
US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 11, 2019
image The high in a high volumed shooting star suggests profit taking by the SM
Islander and Medici trade the European open
- Islander replied Feb 11, 2019
GM Dow now ~the 50% retrace of the drop from last Wednesday's high with its 61.8 % some 50 pts higher. Numerous minor "levels" in these areas too, but looks like the BRN at 25,200 will be hit next...
US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 8, 2019
That UHV at 16:00 yesterday showed profitaking and now we wait to see how far this pull back goes - probably into NYSE open.......TWT. At last an increase in volatility with Dax's 5 day ADR up to 159 vs 135 in my last post
The 200 SMA ...Islander and Medici trade the European open
- Islander replied Feb 8, 2019
GM M - no surprise that the Dow shows the same activity, volume-wise, as Dax - or vice versa! Unlike Dax, where the hourly 200 sma has rolled over with price ~ 200 pts lower, Dow has held just above it still rising hrly 200 sma so how far it ...
US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 8, 2019
GM - Cat - nice call yesterday
I have an hourly price projection to the 10, 720 area cash. My 16:00 GMT hourly candle had the highest volume since January 3rd, suggesting profit taking which is confirmed by the 16:60 & :35 M5 volumes, all ...US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 7, 2019
GM M - then some hidden buying in that Ultra High Volumed WRB at 8:37 that then reversed from an area where I dont see any reason - prior action / fib etc. Dow a steady buy after that small M1 hammer at 07:59 held ~ the L4 Camarilla Pivot - they are ...
US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 7, 2019
GM Cat - as I have 11,175 as the low of Tuesday's WRB in the hourly XO candle, also a 61.8% retrace - I'm with you on that area. The hourly 200 SMA with be in that area too
RE: your comments on Dow, when Dax was really "active" with its ...US and Euro stocks mounting one more rally before crashing?
- Islander replied Feb 6, 2019
Currently Dax has found support at the Jan 25 high with the Jan 31 high a few points lower. Little reaction - so far - from the poor Factory Orders at -1.6% vs +0.3% expected. Is Dax watching Dow? which is currently holding ~its DP. As always, TWT
US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 31, 2019
Dax held ~ MS 3 in a HV WRB on M5 - suggests some profit taking. . Cash Dow ~BRN / DP potential support zone - waiting for NYSE Opn
US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 31, 2019
Down in the weeds on the M5 time frame, at the post FOMC high at the 25,100 BRN - how the Dow loves its BRNs & half #s - the PA and volumes were not - IMO - those of a major turn. The mid points of WRBs are also magnets for PA. The 24,950 has ...
US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 31, 2019
GM - nice catch guys of the 5th wave
I have found my copy of Tony Plummer's book which I last looked at 20 years ago when I spoke with him several times. Time to do some revision! That high & potential rh shoulder on the chart I posted ...US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 30, 2019
And Dax's hourly chart. Dax's current daily range is making intra-day trading difficult, so I am often trading Dow and NQ. Current Dax ADRs are 20 Days 150; 10 Days 135 and 5 Days 119. The 5 Day has stabilised at 119 pts, ~50% of what I consider ...
Islander and Medici trade the European open
- Islander replied Jan 30, 2019
My reply in another thread to a post by Medici As you said, the 15:00 GMT candle (NYSE Open) was a Wide Ranged, High Volumed bearish engulfing candle, which held at the hourly 200 SMA. The overnight rally up to last Wednesday's high was on very low ...
Islander and Medici trade the European open
- Islander replied Jan 30, 2019
GM - agreed. .When you posted I had my Captain's Cap on preparing for last night's storm. As with trading, an hour of preparation is essential to avoid damage to a boat or a trading account! Some interesting posts here yesterday
As you ...US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 29, 2019
Its always good to find a reason for an unexpected move.....this fits in nicely with Medici's CME post yesterday url
US and Euro stocks mounting one more rally before crashing?
- Islander replied Jan 28, 2019
Both Dow and NQ have found support ~their half #s ( their 50 pt sweet spots). With NQ's fall of over 100 pts in an hour - that's almost its current 5 day ADR - I've banked and watch from the sidelines
US and Euro stocks mounting one more rally before crashing?