In the markets, what goes down must go up
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Have been reading some comparisons to 1987 ...
In '87, price dropped 100 points from ~2800 on a Friday which led to an add'l 500 point drop (20%) the following Monday...
Last Friday futures dropped 1200 points from ~35000 so today expect a 20% price drop of 7000 points...
Often a reversal happens when price and indicators diverge
Is it time to abandon the negative patterns?
Should we reject the red H&S pattern and uncompleted BZ retrace level?
Price did break up from the down channel and has retested that area.
...is it too early to embrace the aqua measured move projection?
Stochastic and MACD moving averages disagree again.
... but the fast MACD moving average is hinting at turning up again...
Updated views of 7 monitor trade station array:
(Click here for complete build specs, costs etc.)
Monitors 1 thru 6 are Samsung 27" LED curved screens set to 1920 x 1080 resolutions.
Monitor 7 is a HP 32" LED flat screen set to 1080 x 1920 resolution with Portrait (flipped) orientation.
Here's how the charts on monitors 6 & 7 compare - they all have the same
templates applied but have slightly different time frames and different chart widths.
Here's my latest 7 monitor layout
Stochastic 1-2 Punch pattern...often precedes a price-action reversal :
Price makes a lower low while stochastic makes a higher low (price to indicator divergence)
Also note the MACD moving averages are trending upwards as the pattern developes.
The pattern often happens across multiple time frames and is a great entry signal.
The type of order makes a big difference to your bottom line ...
I like using BUY STOP brackets with Targets and Trailing Stops
that are automatically placed IF & WHEN an order gets filled...
IF price goes my way ---
1st manage the Stop level once the stop has achieved break-even
then raise the Target level if it's warranted
Using longer term charts to spot potential entries...
Divergence could be seen on the higher time frame 256 tick chart
so begin to look for a good entry area on the lower time frame chart:
Don't sweat the amounts that might get left on the table ...they are could'a should'a teases.
This chart set illustrates a decent buy stop entry order and a decent exit... with gains
Nanoese ...everybody in crypto-land speaks a foreign language
Here's a few freeware utilities you may find useful...
X Mouse button control
Assign one click functions to your multi-button mouse
Gadwin Printscreen 4.7 ...and... Gadwin Printscreen 6.5
These two image capturing programs capture the images that are under the cursor with a single click:
4.7 captures the open window image, names it and saves it to a file of your choosing
6.5 captures the entire screen image, names it and saves it to a file of your choosing
All three freeware utilities can be setup to operate automatically whenever Windows starts
and need no further monitoring for their operations to perform...
I use X Mouse to assign the scroll wheel button to Gadwin 4.7 and assign a side button to Gadwin 6.5.
Multiple clicking is not required nor is opening Microsoft Paint, pasting, naming and "Saving to File"
(such as when you use the Windows Print Screen key or the Windows Snipping Tool. )
These single click functions are especially useful if you are running multiple monitors
with a lot of open windows (such as a Trade Station layout).
Gadwin 4.7 -- Just the open window that's under the cursor
Gadwin 6.5 -- the monitor screen under the cursor
Print Screen key...paste to Paint
Stochastic dipping down meeting the rising MACD Moving Averages ...
A very common pattern that forms after a bounce off a bottom -- Easy to recognize and reliably traded...
The vertical arrows mark the pattern and the entry area on these two time frames.
Good for a 20 to 30 point scalp...($100 to $150)