YM chart: YM chart shows negative divergence between OBV/AD indicators and the price. The price is going higher, but OBV/AD indicators are not....
But again, the overall market has to cooperate. I'll look at the YM/ES/NQ AD indicators tonight. YM/ES/NQ could have no divergence or have...
Look at the OBV indicator on the weekly chart (remove daily noises), I can clearly see there is a divergence exist between OBV and the price. Can...
Here is a look at the accumulation and distribution. On 30 minutes 30 days chart. The OBV indicator offered some info about if there is a...
I am not quite sure if today has the highest volume though, I didn't see it from the chart. A friend of mine told me about the volume. ::mad:...
ES fib retracement. It is acting like ER2.
Here is another look at the ER2 fib retracement. I used a solid candle (or finish) and 622 (the closing price) as the starting point. It clearly...
Yep, I think ER2 has the biggest violatility and velocity on these active indexes. Violatility leads to move early and faster. Some of my friends...
No problem, big swing though :p Will included in the chart :D
Yes, they are looking tired to move higher without taking a break. I think both ES and ER2 are trading around its 61% fib retracement levels....
What do you guys think about ER2? The volume is at all time high today and failed to break 666.3. Isn't this a market top? From what I learnt,...
I trade a lot, lol. so far today I made 67 trades. I could make much less trade based on the fib lines and support/resistence, but I couldn't...
I think it is called Mitten ghost long or short in Woodie's term :-) Mitten is Woodie's cat name. The formation is like the cat's paw.
Reverse the trade to short. http://tinypic.com/view/?pic=fjnb5h
Went long at 664.
Cat's Paw on Woodie's CCI? http://tinypic.com/view/?pic=fjn7tg
It works. 663.70 bingo. Test the other side, short over 663.7.
Test this strategy now, bought at 662.80 and see if I can scalp for one point. Overall downtrend is still down though, must do fast scalp.
One could make many trades around 663.70. Buy at 663.30 or lower (now) and sell at 663.80, or short above it and cover below it.
This one: http://tinypic.com/view/?pic=fjn4eb
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