i post this to say 'failure in oversold' signal occurred 10:40 at q=57.23---this is a long signal--it says you should be able to ride to 57.65---there is big resistance at 57.65--this is a place where you could get 3-day turn down--i will watch this level close 57.65--
'either/or" signal occured with 'failure in oversold'---this shows confirmation---but 'eithor/or' signal came a little early---@ 10:30---this should still be good---i would have entered @ q= 57.30---but i did not because this ride might be only to 57.65---i am not trading right now also--
manic you say to hit comment button to comment on posts---this is the problem---there is no comment button---i cannot see any replies to posts---i can not even post a reply to my own posts---how can i make a trading thread when i can not even comment on my own posts???
Manic: Does it work now? Under post options, you must turn reader comments to allow. Maybe this works, I just did that. ...but I have never done that before because it is an add in comments system. Man, I regret this part because I am not technically savvy.
ok--now maybe it works---
ReplyDeleteok--we went to place i told you--now we have hit the resistance i spoke of---3 bars we have hit 57.64 then 57.66 then 57.67---each time it turned back---as i type we are at 57.66 making 4th attempt---this is the big resistance caused by middle line of the cyle channel---if i had entered at 57.30---i would exit here---just to be safe--at the middle line there is no certainty any longer--
thanks kevin
ReplyDeletei have to tell ya, this comments thing doesn't make sense. when i turned on 'allow' it went to the crappy default comments. i have meetings now but will work on this weekend.
the most puzzling part is it works for other folks
ReplyDeleteok---thank you great manic--
ReplyDeleteok now we have turned back from the middle line resistance---right where i told you it was---so far we have seen 57.48----
i will not buy options today--only rarely would i do this on friday--if i wanted to trade now i would have to wait for a second failure in oversold--the second failure if it comes will be more certain and more profitable than the first---the problem is it would probably come too late in the day---
more likely than second failure---we are likely to return to the middle line=-price will grow sluggish there--
1:07 ok notice the current 5 min bar---large range bar that jumps through the middle line--this i call a 'volitile bar'---it is significant that this comes right at the middle line---this is quite positive---
ReplyDeletethis is the erratic behavior you will see around the middle line--this is its dangerous nature of uncertainty---
http://screencast.com/t/dXQKqi0UQ8rW took +.40 on 6e:)
ReplyDeleteright on kev. i enjoy your commentary. I read ES (SPX) as too dirty to read but I see bottom of 6E (euro) fwiw
ReplyDeletein 6E 137.72, stop 137.55
ReplyDelete3:05 ok now we have return to the middle line--aber no failure in oversold--anyway it is too late in the day to try to enter--
ReplyDelete3:05 middle line= 57.67 the middle line strong gravity drew us back--if gap above this at monday open then 3-days of upward movement will come---ja we will go to top of the cycle channel---da middle line will be behind us--
middle line question will be decided on monday--
i would feel higher--but this is only guessing now---i will study this on weekend--i always fear failure at the middle line--this makes me exit many trades too soon--but it is the way of safety--
herr wizard if you read this---please post charts soon--so people can see what i say more clearly--i will email sunday--i want to get 156/234 oscillator running---this also can be posted here---look at 10:35 bar 10:40 bar 11:20 bar 11:25 bar today---never will you doubt me again--
good weekend to all--
kevin
+.02, i have to do familial things. good weekend
ReplyDelete