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Originally Posted by arco
Certainly the recent black candle on the hourly gives a bearish slant (perhaps short term to the TL). H4 Chickou is also through the plot and PA testing the Kumo.
...but would your system have warned you early enough to be 'short' last night before the sell-off; because the trading system I follow triggered 'short bias' (as in strategy) on -data point 16 October 2009- as anyone may clearly see on the trading platform (set day by day and not in hindsight, but before or at the market Open) -that remains the main agenda for me
...anyway, the bulls have ONLY 1 more chance to reverse the sell-down and that is to IMMEDIATELY (tonight or tomorrow night) rally back above todays' intraday High *1101
Kind Regards
Last edited by ananda77; 22-10-2009 at 05:19 PM.
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On lower time-frames charts I occasionally use a modified Chikou line. Here for interest I have added it to the H1 chart. It also gave an additional warning signal. (Red circle/spot).
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Originally Posted by arco
Hello Ananda I mentioned a weakening showing in the charts a few days ago, but for actual real time entry the H1 time-frame gave various warning signals starting 23 hours prior (to the long black candle). (Chart attached). The 30M chart gave warnings about 27 hrs prior. 'A' denotes the candle where bearish Kumo kicked in. (It was already bearish on the 30m as you can see on the 2nd chart)
...quite tricky to understand the Ichimoku system with the necessary switching between time frames, but yes, I clearly remember thinking a couple of days ago, how early you mentioned a weakening of trading conditions in the market
Kind Regards
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Last edited by ananda77; 24-10-2009 at 05:27 AM.
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Up to +16 overnight using signals from 15m/30m TF.
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arco: please explain a bit more
...todays' action confirmed again a highly volatile market; reason:
-strength and liquidity still in positive territory
SPX 500 Hedge -data point 23 October 2009 (US Eastern Time)-
...although Invetrics went 'long', just could not follow the beat and stayed 'slight short tilt' (but not until loosing 4 ticks)
...guess the market will stay highly volatile until either the upside is resolved as a failed test of bear market resistance line *1122 or breaks down below *1067; in any case better ride a more neutral (slight short tilt) in the hedge
Kind Regards
Last edited by ananda77; 24-10-2009 at 09:34 AM.
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For clarity, nothing I say is advice....
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Originally Posted by ananda77
arco: please explain a bit more
Kind Regards
30m chart - Chikou Span breaks plot, tests plot ((S=R) and breaks through again on Dark Cloud Cover below 1095 potential resistance area with KS/TS forming crossed straight-line. Further confirmation with 2 elements crossed over and Evening Star pattern on 15m.
hope that helps
arco
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