Hi Harapa, thanks so much for posting this its fantastic, it gives one an image which tells what is happening on many time frames at any moment in time.
I looked at a 233 Triangle MA on my NinjaTrader 60 min SPY and it doesn't look like the dashed yellow line in the middle of the 2&3 SD bands on your chart. I can't explain the discrepancy. On your chart the TMA appears to be anticipating the inflection points and begins to turn before the SPY does. AFAIK this is impossible. The median MA looks too good to be true, are you sure it doesn't repaint? What charting package was it created on
Last edited by Royal Flush on Mon Dec 03, 2012 8:36 am, edited 1 time in total.
never seen P-bar in NG before so don´t know how reliable this one is, but based on weekly/monthly candle I think more weakness ahead...what´s your take boss?
Not sure if your chart is the Natural gas Dec 12 futures contract or not, but that contract does not seem to be trading??
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Educational only and not trading advice (EO&NTA) Good trading to all
1. 50 dma = 1421 (which coincides with the April 2 peak): I expect this area to be reclaimed by the bulls since the assumed wave (Y) would be too small compared to the wave (W)
2. November 6 peak =1433, this is a potential reversal area as it also coincides with the upper Bollinger Band.
3. 1451 = 1 x 1 extension for the assumed wave (Y)
Chart shows the big fight going on between the bears (who hope last week's move was a good-bye kiss) and the bulls who want the index back in the green channel. So far it looks as though the bulls have a slight edge, but the game ain't finished. Kind of exciting
never seen P-bar in NG before so don´t know how reliable this one is, but based on weekly/monthly candle I think more weakness ahead...what´s your take boss?
Not sure if your chart is the Natural gas Dec 12 futures contract or not, but that contract does not seem to be trading??
Yeah thanks DTES, sorry my bad I forgot we are already in december wow time flies so fast
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Dax looks like don´t wanna stop the party yet, so likely gap up in US session
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Royal Flush wrote:The median MA looks too good to be true, are you sure it doesn't repaint? What charting package was it created on
It was created in MetaTrader. Idk if it is repainting, worst I can't see the code for the indicator. I removed my original post till I figure out what it is. If you don't mind please remove my chart and post in your reply. Thanks.
Last edited by Harapa on Mon Dec 03, 2012 9:03 am, edited 1 time in total.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
KeiZai wrote:BB what do u think about NG ? Looks like wedgie to me
monthly
NG1.png
never seen P-bar in NG before so don´t know how reliable this one is, but based on weekly/monthly candle I think more weakness ahead...what´s your take boss?
NG2.png
EDIT : seems to me it´s FLAT
NG3.png
NG and UNG short term is a sell, no turning insight. here lets look at both of them
NG long term is in the process of base building
1.JPG
swing set up is selling still
2.JPG
UNG watch for support right around mid zerol line of CCI144 on long term
3.JPG
short term swing basis sell to continue, no end in sight.
4.JPG
BB, just wanted to chime in that when KeiZai says "NG" he's speaking of Natural Gas futures (/NG)