Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hi interloper. We've got oil and nat gas inventories info coming out tomorrow and next day. I can't see how that news could be good, unless it's already factored in to the pricing. Either way , good looking pincher imo as well. We'll see how it goes. I like pinchers and like this board. Thanks
Do you think we'll see any insider trading of oil in the charts today before inventories announced tomorrow ? I wouldn't try to jump that news, but it's interesting how in hind site you can see some insider trading in the charts before events. Just thinking aloud.
Big week. Thanks for that post griff.
Futures down...Earnings misses???
Yeah it updated. lookie there.
Haha. Get ya Some LB!
Not sure bout that flat line. Some of my charts. That one I think is one don't update end of day. I usually see the change next morning. Maybe waiting on an update? Probably dumb answer/guess any way. EEM interesting chart as well. I think mostly India China Brazil and Russia.
Oh yeah. Watching that same wedge on my chart. Cotton's got so much competition. Something I need to do some fundamental investigating into. Thanks for posting sir. Keepin an eye on it here as well.
Hey , stay safe up there in north east.
I had been doing exactly that griff. Took a long position near eow though. I think another fed minutes coming. Gotta check that too , but always causes confusion just before. Thanks again for drawing attention to these ideas. Let's make some money this week.
Uhh. Didn't see that. Thanks griff. Must mean option traders are extremely bearish. That ratio can also be used as a contrarian indicator signaling to go opposite when any opinion gets to extreme levels. I'll get back after I look at my info. Thanks very much for posting chart.
Looks like a one dollar boogie that folks been talking bout. GL hyrpowr. I like your style. I need to get back my bottom pickin mojo I once had. Watching oil closely. The companies seem to bounce last week, but the commodity in question didn't. Looking for the BOOM to commence.
Moved my stop loss up just under trend line. Not liking it if interested Oil keeps dropping. Link back 4chart.
Will do thanks.
yeah, It's nuts LT . That's why trading penny's can get you ready for the real world. Sad but true. We're all being manipulated. Just gotta learn to play the game I guess. Learn to play it to your advantage .
Nice suit. Had to hunt you down BOS. Trying a 15 min renko was an idea I got from you. Love the renko style personally. Filters the noise. Just wanted to give you props. no link back- this is a random post. Renko is very nice in all time frames IMO, but the 15 min has something special. Gracias. Something lowtrade board might enjoy as well. Renko can be set for average true range moves. This means only strong moves are counted, noise is filtered. Double bottoms, tops, triangles, breakouts and breakdowns are clealy seen in a renko chart. Here's a link and a chart I made a move on today.
http://stockcharts.com/school/doku.php?st=renko&id=chart_school:chart_analysis:renko
My purchase was FCG though ,which is influenced by oil as much as Nat Gas. But this chart is epitome of 15 renko IMO.
If you throw up an FCG chart it looks like an inverted head and shoulders.
Renko also goes well with Elliot wave Analysis, which whether you know it or not, you are using. If you say you're not, you're only in denial, I'll show you how you are. Everyone should do some research on Elliot Wave Theory IMO.
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:introduction_to_elliott_wave_theory
Cool thing about combining renko with elliot wave is that you have concise targets, buys, sells, and stops. Coincidentally Lowtrade's system is very visible using these styles IMO. Something to look into if you all are interested. I just wanted to thank BOS for a small post he made that led me to these realizations, and maybe lead some of LT's students to some info that can shed light on the system. GL
What the Sheeple are having for dinner...
1st nice alert to rates. 30yr at near 4%- unheard of. These rates are helping the rich by rental property that now pays for itself and will appreciate. And the rest of us can get some relief as well if we play our cards right.
2nd - I just turned on the computer tonight and BAM! I see this
U.S. crude popped more than 2% on news Saudi Arabia's King Abdullah died. Will the leadership transition send shock-waves across global energy markets?
Then I switch the channel to find more.(switch the channel is kinda old school..it's like opening a new tab) and I find this
If crude oil falls below $30, brace for global recession
First I say holy crap , then I say oh my crap, now I'm ready to buy and sell all at the same time.
They are peddling confusion! get it? Look to the charts
Like L-Back said - "Own Them". Work hard , study, experience,and make up your own mind. Own your decisions! They will reward or punish you in the end.
Good Luck to you as well DA!
Haha. Believe me, I thought of that. Lol. I'm in heavy on small caps and saved some back for energy when and if.
I'm in the bull camp again LB. Gonna have to erase all those stupid h&s drawings from yesterday. Must not have got enough sleep the other night. Don't know what I was thinking. Lol
Sure thing jprise. ATM is learning and sharing board. Great Place IMO.
Warnings look to be blown out. Market moving higher
Pring's Special K
http://stockcharts.com/school/doku.php?st=special+k&id=chart_school:technical_indicators:pring_s_special_k
I like this indicator. Here's how I am using it.
1st Add a 10ema. Now you have 3 time frames covered in one indicator. The 0 line on right of the indicator is the longest trend. Above 0 is bullish, below bearish. The red special K line is medium term trend. Below Bearish , above bullish. You'll see lots of resistance and support happening at both of these points. The 10ema is shortest term trend. Again looking for crossovers and rejections for signals. By seeing three time frames in one simple indicator is helpful. You can filter out less probable winners and trade with the trend!! It is usable in all time frames. I like the 60 min.
In this example today I would interpret the special K as stating-
long term trend above 0 bullish: mid term beneath red line bearish: and short term above 10ema bullish. Find your time frame and try it out.
Pring's Special K
http://stockcharts.com/school/doku.php?st=special+k&id=chart_school:technical_indicators:pring_s_special_k
I like this indicator. Here's how I am using it.
1st Add a 10ema. Now you have 3 time frames covered in one indicator. The 0 line on right of the indicator is the longest trend. Above 0 is bullish, below bearish. The red special K line is medium term trend. Below Bearish , above bullish. You'll see lots of resistance and support happening at both of these points. The 10ema is shortest term trend. Again looking for crossovers and rejections for signals. By seeing three time frames in one simple indicator is helpful. You can filter out less probable winners and trade with the trend!! It is usable in all time frames. I like the 60 min.
In this example today I would interpret the special K as stating-
long term trend above 0 bullish: mid term beneath red line bearish: and short term above 10ema bullish. Find your time frame and try it out.
GM boss. Looking good. Vix dropping like a stone. I never trust the morning move though. Been burnt to many time chasing it. Let's see how this shakes out.
Thanks for the insights. on the talking heads - even a broken clock is right 2 times a day. We shall see.
I'll try it with those triple witches one day!!!
Chart Telling me may be a dollar pull back. Is the chart saying European QE will fall through tomorrow? I'm telling you , I would trust a chart before I trusted the media. The chart includes insider trading. I would think a QE program in Europe would send the dollar higher.(my simple thinking here again). But the chart is warning of a move the other way. We shall see.
Nice One. I may print that one up and hang on the wall.
They did go green. Looked worse earlier with a red candle there.
Who knows? I'm cash now, just waiting on a sign, and staying out of traps.
I was looking at my EWU chart and thinking the same thing. I don't assume anything though.
I'm in total agreement. We'll see how it goes. If I were to make a prediction - it looks like stocks bonds and commodities could all move lower together. But I definitely do not make predictions.
Anything's possible, I'm leaning towards the side of caution.