hungrybear
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Ftse stopped at precisely 76% retrace again. If it breaks up through that point I'm confident it'll take the high - if not, could be the B for Bonsai.
Bonsai,
I see you are getting a bit "fustrated" on Tactical Trader.
Anyway, I guess most people are on there to get TH's views.
I have been watching that 1hr sma.
The index went above it at open and has risen 30pts.
I see now, the index is just dipping below it at 300 ish.
Is this a sell signal for you?
I see you are getting a bit "fustrated" on Tactical Trader.
Anyway, I guess most people are on there to get TH's views.
I have been watching that 1hr sma.
The index went above it at open and has risen 30pts.
I see now, the index is just dipping below it at 300 ish.
Is this a sell signal for you?
Pete Hannan
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We've taken a dip below the SMA and recovered Bonsai. I take it you want to see it come off 4306, or fall a little further through the SMA before shorting?
I'm working on the basis that the US futures may flatten a little before 1:30, lowering Europe (FTSE included). I'm expecting a flicker on the FTSE about 12 and so would ideally like to position myself short after that.
I'm working on the basis that the US futures may flatten a little before 1:30, lowering Europe (FTSE included). I'm expecting a flicker on the FTSE about 12 and so would ideally like to position myself short after that.
hungrybear
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Dr Lecter,
Great show last night. Amazing chart too, what what does it all mean. I'm sure there's some wonderful info in there, but I worry for myself when looking at it and thinking 'We see things not as they are but as we are'.
Seriously though, can you give us a bit of background on what the letters mean and your commentary - TIA.
Great show last night. Amazing chart too, what what does it all mean. I'm sure there's some wonderful info in there, but I worry for myself when looking at it and thinking 'We see things not as they are but as we are'.
Seriously though, can you give us a bit of background on what the letters mean and your commentary - TIA.
barjon
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having flolicked in the fields the bulls are beginning to make
their way back to the barn to watch the latest screening of
Quiet Flows the Dow in case the programme's been changed
to Armageddon
just waiting for a signal that they are safely tucked up for the
day - they might yet have another play
their way back to the barn to watch the latest screening of
Quiet Flows the Dow in case the programme's been changed
to Armageddon
just waiting for a signal that they are safely tucked up for the
day - they might yet have another play
Market Profile
This a brief and rough guide to the concept.
MP provides a method of analysing market action to show the frequency distribution of price action. (a bit like a bell curve, but is usually plotted against a vertical price scale).
The concept proposes that where the action is centred, represents what people see as 'VALUE'.
It is often taken as read that any action which is +/- 1 standard deviation from the centre represents the 'bid' or 'offer'.
So if you want to sell, you want to sell at the offer and if you want to buy, you want to buy at the bid. Because statistically, these prices are some way above or below what others see as 'VALUE'.
Therefore, you will be selling when the market is 'overpriced' and buying when it is 'underpriced'.
It follows that the price will return to or overshoot the VALUE that
has been established and you will profit as a result.
The concept can be used in any time frame.
This a brief and rough guide to the concept.
MP provides a method of analysing market action to show the frequency distribution of price action. (a bit like a bell curve, but is usually plotted against a vertical price scale).
The concept proposes that where the action is centred, represents what people see as 'VALUE'.
It is often taken as read that any action which is +/- 1 standard deviation from the centre represents the 'bid' or 'offer'.
So if you want to sell, you want to sell at the offer and if you want to buy, you want to buy at the bid. Because statistically, these prices are some way above or below what others see as 'VALUE'.
Therefore, you will be selling when the market is 'overpriced' and buying when it is 'underpriced'.
It follows that the price will return to or overshoot the VALUE that
has been established and you will profit as a result.
The concept can be used in any time frame.
