let's see if bulls can make a double bottom here. key key time. bears pray please!
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Al_Dente wrote:PAGING BEN AND LLOYD
Here’s my (your) SPY 5min with XIV green area behind spy
She’s still on sell signal at the moment
329benlloydrenko.png
the chart seems a reversal to me. do u have higher time frame?
i asked about the upper indicator. if it is some osc with fisher transform, also try to move it a little bit higher and let's see how it looks like...tkx
SOKU
I don’t see reversal yet
I use “higher time frame” 60 min and daily renko, with different brick sizes (eg: 60 min/60 cent bricks), but rarely check them intraday.
Upper is just a simple STO
I don’t post settings on soft indicators as I CHANGE THEM ALL THE TIME, also I change them from stock to stock, and ETF to ETF.
I just need something to tell me what to do, mechanical-signal like, no dickin’ around, no over-thinking.
My benandlloyd renko does the trick, but that’s just me.
When the mkt whips around, she will too; that’s the nature of the beast
PS: my best signal by far is King Cobra
oh, that's right, renko itself filter-out lots of noise in stoch. it looks very like my stoch with inverted fisher. renko is my ongoing project. never get anything, but i think renko/range bar is the way to go.
The goal is not uniformity. It is understanding and idea exchange.
Cobra wrote:let's see if bulls can make a double bottom here. key key time. bears pray please!
anyone else see that buying surge? ES hit a new bottom and within 10 seconds the ES jumped over a handle. Double bottom likely. Them bulls are too fricking hungry. Shorts will cover above 1391 ES (last peek)
some tech notes here. (add to my confusion)
today is one of the few days in past 5 years that my longer term cycle indicator travels faster than shorter term. it means it is very choppy, with polarized effect, the longer one is fooled.
long time ago courage and i discussed about an indicator emd. it is on reversal early this morning. price action is lower but with contraction, indicators are reversing. cycles are not reliable. this is where i stand. if u think u r not totally confused, i have more to add
The goal is not uniformity. It is understanding and idea exchange.
Cobra wrote:let's see if bulls can make a double bottom here. key key time. bears pray please!
Cobra, thanks! I'm more interested in your longer term view, is this still a buyable dip.
I cannot say anything here. Maintain the Big Picture I mentioned last night.
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I don't know how they rank the chart list, don't I have more followers and votes?
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I don't know how they rank the chart list, don't I have more followers and votes?
just click it will do the work?
i have to admit i cheated. i turned proxy hunter and "clicked" 3 times for you.
looks like the click counts.
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Here’s just a GUESS on a benandlloyd renko 5min applied to AAPL
U have to adjust the brick size bcuz the stock price is so much higher
GUESS here is brick size 70cents on 5min. Did I mention “guess” ?
Somebody who knows AAPL better than me could really do some damage with this chart (eg: adjusting brick size mathematically instead of eyeball-ish) http://stockcharts.com/h-sc/ui?s=AAPL&p ... =262760942
[Caveat: the benandlloyd renko is good for intraday; does not apply to swingers or longer termers]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
nothing to say, the bias is down, could be a descending triangle in the forming, well, FOR NOW, as we all know bulls have the magic to turn over within a second.
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guess now AAPL will determine the bulls fate now. it had a break down but let's see if the break down could hold.
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Check out UCO, don't know if a break of this bottom trend line has any meaning, seems to be trading in a stair step manner, but thought it was interesting...