QRR said 2200, 0500, and HRR 0430. Now we only have to assess will they reverse the market off of the 0900 and then at 1330, all est times. HRR doesn't come into play until 1630/1700. simple to follow this way. But as one's understanding grows then you can add other elements or charts.
Today was obviously a good day...however there is more work to do. The question is how will the market respond to the different 'signals' between QRR and HRR? For example tomorrow QRR is showing a trending market after 8am and that doesn't change until 1700. But HRR is showing some form of reversal mid-day. My question is will the HRR signal align itself in such a way to keep the trend aspect of QRR intact? There is one aspect about this business of trading that you must always adhere to and that is protect yourself at all times. This cannot be stressed enough and you must do so in wise manner. More about that at another time.
Before departing for a long holiday weekend I wanted to post the QRR and HRR charts again. Also I wanted to include charts that reveal High and Low Prices. Here is a brief explanation of them. The length of the moves of QRR are indicated by the breadth, not the amplitude. Also the strength of High Prices and Low Prices in their charts, are indicated by their breadth, not amplitude. HRR, the weakest link of the data, you can just follow along with the polynomial. This is for the next 2 days (August 31st and September 1st) of 30 minute data.
Here are my 2 favorite charts, QRR and MRR. Both have unique features. More about their features at a later time but both charts are saying the same thing. I expect the Euro to continue to trend up until September 14th before any kind of significant correction.
After reassessing the Euro, it's quite possible the High is in for now. Gold's High is coming very soon, very likely this week. I've decided to just utilize the QRR charts from here on. More data and more charts are not a solution, they will ultimately conflict and confuse one another.
Wheat in this chart is getting a bounce from the data point from August 29/30. Using Polynomials can be a great tool for organizing such random, chaotic data, but you have to be careful about their use. So in this case will the market go up now until September 18th before heading south again?
US 30 Year Bonds...This is a tough call. Will they race them back up until 6th, or stretch it out until the 11th of September, then sell them off? Or will they continue down and try to overlap the the original buy signal in July? I think they will be take them back up, but like anything in this business you always have to protect yourself.
QRR charts are great for showing you entire moves...In using the polynomial they should be read from Valley to Valley from Price High to Price Low or Price Low to Price High. But you should always be aware of data points at or near 0. The data point peaks of the QRR charts many times will indicate volatility surges or reversals. Look at the peaks of 8/3, 8/8, and 8/11 on the most recently posted Bond chart. However the entire move from High to Low or Low to High are encompassed from Valley to Valley. This keeps everything fairly simple and straightforward.