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Old 10-05-2009, 02:37 PM   #465

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Re: Reading Charts in Real Time
Just a thought on NQ, any opinions? ES is displaying similar behavior.

The 60 min chart thumbnail is a macro view of where we are currently.
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Old 10-05-2009, 03:12 PM   #466

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Re: Reading Charts in Real Time
Quote:
Originally Posted by forrestang »
Just a thought on NQ, any opinions? ES is displaying similar behavior.

The 60 min chart thumbnail is a macro view of where we are currently.
Hi Forrest,

I am looking at QQQQ and thinking to enter above 41.39. It's just bouncing off the trendline in the daily chart and looking to move up.


-z
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Old 10-05-2009, 04:47 PM   #467

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Re: Reading Charts in Real Time
Quote:
Originally Posted by ZenMachine »
I am looking at QQQQ and thinking to enter above 41.39. It's just bouncing off the trendline in the daily chart and looking to move up.
Price poked above 41.39 for a minute, but came back down and continued to form an ascending triangle.

Probably not the best practice, but I entered long at 41.23 without waiting for the break above 41.40, with a stop loss order below today's low (40.83).

I entered early because I thought that there were more elements suggesting an upward move from here (daily trendline, ascending triangle), and was afraid that I may not have time tomorrow morning to watch the market.

If price gets knocked down at Target 1 in the chart, I will exit the trade there, but otherwise I plan to hold this position for several days, or even longer until it reaches Target 2 or even to 43.1.

-z
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Old 10-05-2009, 06:35 PM   #468

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Re: Reading Charts in Real Time
Everything looks like it's getting ready to move. For me seems to be ready to break to the downside for some reason?

The picture isn't condensed, the point is just to provide a point of reference. I think I am liking he two pairs on he right side for the moment.

We'll see what happens. Opinions fellas?

Forrest
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Old 10-05-2009, 07:00 PM   #469

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Re: Reading Charts in Real Time
Quote:
Originally Posted by forrestang »
Everything looks like it's getting ready to move. For me seems to be ready to break to the downside for some reason?

The picture isn't condensed, the point is just to provide a point of reference. I think I am liking he two pairs on he right side for the moment.

We'll see what happens. Opinions fellas?

Forrest
Here are 4h charts of the same instruments.
Looks like it could go either way.
Based on the stock market action today I would say we are going up but NO GUARANTIES FROM THE MANAGEMENT

Gabe
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Old 10-05-2009, 07:11 PM   #470

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ININ 60min
Here is a 60min chart of ININ (Interactive Intelligence).

It broke above the down trendline from last week. I think I'm going to go long if it goes above 19.44 tomorrow.

-z
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Old 10-05-2009, 08:23 PM   #471

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Re: Reading Charts in Real Time
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Originally Posted by Gabe2004 »
Based on the stock market action today I would say we are going up but NO GUARANTIES FROM THE MANAGEMENT

Gabe
looks like you might be right
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Old 10-05-2009, 09:11 PM   #472

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Re: Reading Charts in Real Time
Hi Folks,

Lots of ranges and ranges within ranges. Here is a look at the Yen flashing a rally attempt.

Best Wishes,

Thales
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