ER2 charts

futures live trades

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Gert Frobe
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Postby Gert Frobe » Fri Mar 09, 2007 4:40 pm

humble1, thank you for the great posting you have done here at kreslik! your post are one of my must reads everyday.

airball
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humble1
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Postby humble1 » Fri Mar 09, 2007 4:56 pm

Gert Frobe wrote:humble1, thank you for the great posting you have done here at kreslik! your post are one of my must reads everyday.

airball
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you are welcome.........

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TheRumpledOne
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Re: here is a good example of price action and reversals

Postby TheRumpledOne » Fri Mar 09, 2007 4:57 pm

humble1 wrote:this works in any time frame. the key is to identify the reversal points and to deal with them. no prediciting.

http://blog.afraidtotrade.com/the-sweet ... e-targets/

below is a diagram of the trend change setup, it was drawn decades ago, yet the method is the most dynamic of anything I have ever seen. Lots of work, and never seen anyone code it yet. That doesn't mean it can't be coded, just I haven't seen it.

Image

if I am correct, the market is working on confirming breakout of the base and is now at point K just above the sweet spot in the data for the 3000 tick chart. we will see.


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humble1
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Postby humble1 » Fri Mar 09, 2007 5:59 pm

yes I have. not sure how to set it up.

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Postby bh_trade » Fri Mar 09, 2007 6:33 pm

Yes, Humble1, you are a very talented chartist. BTW, watch for stops <790.60 as it now represents a h&s neckline/double bottom on the intraday charts

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Postby humble1 » Fri Mar 09, 2007 7:40 pm

bh_trade wrote:Yes, Humble1, you are a very talented chartist. BTW, watch for stops <790.60 as it now represents a h&s neckline/double bottom on the intraday charts


yes, I saw that. this needs to get movin or the bulls will bail and send it for another test of the lows. it may want ot close the morning gap on the 60 minute chart. mostly just range bound for now. churn and burn is the name of the game.

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afternoon chart

Postby humble1 » Fri Mar 09, 2007 7:46 pm

not too bad for the bulls, but a lower high right here and run through the low of the day again will send the bulls into a frenzy imo.

Image

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Postby bh_trade » Fri Mar 09, 2007 9:06 pm

Of course, could fail to test the lows again and short cover rather violently in the final 30. Wow

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flag target gets hit overnight

Postby humble1 » Mon Mar 12, 2007 12:18 pm

just means it got hit and the trading range between 790 and 795 is still in tact until it breaks, when it does breakout look for s swift move either way.

Image

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watch the weekly chart as well

Postby humble1 » Mon Mar 12, 2007 1:41 pm

I am using the 20 ema as a filter for the trend. There is a real conflict going on here between this chart and the lower time frames.

Image

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