Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q
Hi
Just a little post. Yesterday we had very nice patterns and breakouts in the S&P Mini 500. Made some screenshots during the session and will post them, so you can see the value of them. Some are on the 5 min chart and some are on the 30 min chart. When the volume is low I prefer to see the 5 min chart. That is specially for Globex times during pre and after market hours. When the pit is open, then I prefer to move to higher time frames as the volume and the vola starts to increase.
Here the 5 min chart during the Globex session. You see the beautiful wedge with the five waves. Absolute classical pattern:
http://i41.tinypic.com/2eov43c.png
http://i42.tinypic.com/20huh46.png
Later on I made a change to the 30 min chart and that was the picture. We had a double bottom and we had at the same time the three attempts to move down the market which finally failed. An other great pattern to watch.
http://i44.tinypic.com/2naspb7.png
http://i40.tinypic.com/2qbhwna.png
Here I was expecting a quick move up which was stopped and first went into sideways mode. So I checked the 15 min chart in which you clearly can see this zone:
http://i43.tinypic.com/2j14t1c.png
And then I really had to concentrate on the market, as at the moment the next green candle takes the long tailed out I went first long with a bunch of lots and added an other bunch of lots. I went out at the first best math level I calculated for me. So the screenshot was token after all that action, as in such moments only the trade counts and nothing else. Do the right thing in the trade and concentrate on that and the money will follow.
http://i41.tinypic.com/2n1euwy.png
Hope it motivates you a bit or you may at least could learn some thing for your trading. For those which search for indicators: As you see, it also works with out them.
Take care / DanPickUp