Tomorrow's Chart Today-Part 2

Discussion in 'Journals' started by interdim, Jun 12, 2016.

  1. interdim

    interdim

    ES_7_11_16...Note how 0430,0500,0530 occurred on these charts, with 0530 indicating
    the final bottom which just so happen to hit the bottom Bollinger Band, perfect place to
    go long. If you know how to read ADX/-DMI/+DMI it was indicating a change in trend as
    well.
     
    #111     Jul 11, 2016
  2. interdim

    interdim

    Crude-7_11_16...Note how on 0001, 0100, 0130, and as late at 0230 on these charts were
    indicating a change. ADX/-DMI/+DMi indicated a trend change as well and a nice sell off occurred. Always trade with targets, never think it will just flow smoothly from one signal to
    the next. The market is about sequences and symmetry.
     
    #112     Jul 11, 2016
  3. interdim

    interdim

    On Crude...after the overnight sell off we went into a congestion phase after 0400. We had 0630, 0700 on Sym Peaks and Valleys. Q Peaks and Valleys come later at 0800 & 0830. So we complete symmetry with them, which is no surprise. -DMI/+DMI crossed over at 0700 and it takes off to the upside.
     
    #113     Jul 11, 2016
  4. interdim

    interdim

    It will be interesting in Crude to see if we get a reversal confirmation off of the 0800/0830 Q Peaks & Valleys. At this time I don't see any changes in the ES. Always have to watch the intraday openings closely.
     
    #114     Jul 11, 2016
  5. interdim

    interdim

    A reversal sell in Crude will not be confirmed at 0830, but that doesn't mean you won't get a reaction from it back down only to set up another buy. ES in a gridlock now.
     
    #115     Jul 11, 2016
  6. interdim

    interdim

    No overall change in trend at this time for Crude or ES since their early morning reversals. Crude may be signaling or close to a reversal buy on the 5 Minute data
     
    #116     Jul 11, 2016
  7. interdim

    interdim

    You have a 1030 Sym Valley on the ES at 1030. This is worth watching because it will likely
    determine if we continue on to the upside or not. If they sell it off into 1030 then it could
    be a reversal buy.
     
    #117     Jul 11, 2016
  8. interdim

    interdim

    You did get a reversal sell instead of buy on the 5 Min Crude, but it looks like
    it is setting up to be a buy at 1030 on the 30 Min. The market is overlapping our
    0800/0830 on Crude. I had a support level at 45.19, so we are in the ball park.
    At this point I would have to say the trend is still up on both Crude and ES.
     
    #118     Jul 11, 2016
  9. interdim

    interdim

    1030 was a good opportunity to go long both in the ES and Crude. At least it would be a low risk trade.
     
    #119     Jul 11, 2016
  10. interdim

    interdim

    Crude 1130 Q Valley is challenging the 1030 Low. Q's are about completing symmetry
    and that is exactly what is happening. Crude is at a critical juncture. They could not
    get above the 3x2 on the 30 Minute, so for any continuance for a trend to the upside
    to occur a reversal is needed from 1130. ES still in it's up trend but being slowed down
    by Bollinger Band sellers.
     
    #120     Jul 11, 2016