Trading Strategies Using Technical Analysis
- Thread starter SwingKing
- Start date
- Tags trading strategies
Visualize, it was predicted. It is headed to circa 5628 before it reverses.
This is why I do not give any attention to the fundamentals. We should see a correction to circa 5373.
Our economy here in the USA is the shambles. but DJIA has had a bull candle 19 of the last 24 months.
They say when crude oil decreases the USD/CAD increases, because the CAD gets stronger. Both have been very bearish lately.
This is why I do not give any attention to the fundamentals. We should see a correction to circa 5373.
Our economy here in the USA is the shambles. but DJIA has had a bull candle 19 of the last 24 months.
They say when crude oil decreases the USD/CAD increases, because the CAD gets stronger. Both have been very bearish lately.
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I posted a similar chart in another thread, only it was at the beginning of the day, before the move. I told them to watch for a sharp reversal of this market.
Very simply, the 4-hour stochastics was very OB, and price action was approaching the bottom of the 4-hour cloud, which is strong R. This reversal should be headed back to the 4-hour kijun at 5377. From that point, you will notice the market go sideways for awhile, as it builds up for what should be a move to the weekly tenken at 5687. As this journey progresses, the thing to keep the eyes peeled for is the condition of the monthly chart. It is still very OB, so implications are when it reverses, it could be very sharp (Today's move was only a correction within a correction. Longer term , because of what the monthly indicating, the market could move to 4900 and even much lower. As a matter a fact once we get a weekly below the weekly cloud (currently 5048), that will be when you notice another strong leg on the DOWN. There is nothing imminent
In the mean time, we should see the sideways action I mentioned, and then another move UP towards the weekly tenken. At this point the only thing that concerns is a possible consolidative base that would form under the 4-hour cloud.
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Hi rrmhatre, I think me and Mr. Rajesh we are booking a cab to go to pune so we will be coming back by the cab so sorry it wont be possible for me to come back with you and we are also looking for people who are willing to take a cab with us early morning on 27th and back the same evening. Let us know if anyone else is willing to join us. Looking forward to a quick reply.
Hi Raunak,
Do you trade based on ADX, DI+ & DI-?
It seems it has created short signal on Nifty Daily chart
DI+ & DI- are crossing each other today.
practically, how trade should be initiated in ADX?
Do we take trade as soon as crossover happen or get this checked with other parameters to confirm the trade?
Do you trade based on ADX, DI+ & DI-?
It seems it has created short signal on Nifty Daily chart
DI+ & DI- are crossing each other today.
practically, how trade should be initiated in ADX?
Do we take trade as soon as crossover happen or get this checked with other parameters to confirm the trade?
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