jway888 wrote:There isn't any green circle on your chart
Precisely.
Note the word 'all' in the chart explanation text
now longer time span, you can see a few green circle indicating a failure.
since we don't know what will happen before 11:30am EST, does that simply means the stats is showing 62/65 accuracy ratio base on this morning hourly black bar study (within a year)
First of all, the first hour is from 9:30 to 10:00. This is actually the most important hour of the day as lots of trading strategy is based on this hour. The range in this hour called the open range.
2ndly, the chart says the next bar is red (10:00 to 11:00) but this is not every time and I'm not counting on it. The most important thing is all the gains after black bar are likely erased. So I don't understand why you say 11:30 am, looks to me you only read "the next bar is red" which is not the point.
Thanks for clarifying, this is gold. Learning new stuff every single day. muchos gracias King Cobra
SPX.. morphing into an ascending triangle… or double top.. complex minor H&S.. interesting tho.. is the confluence of trend lines.. right at FOMC speech time.. fwiw..
SPY breaks-the-box today; this will either be a bull-trap or a bull-run target 214.50ish (blue)
Have to run with the bulls until price proves otherwise
Last edited by Al_Dente on Fri Feb 06, 2015 1:23 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Just noticed this. Not sure if it means anything but as FG pointed out a few in December popped up prior to a decent drop (although the algo trades in odd blocks seem to have more significance).
grandeG wrote:Just noticed this. Not sure if it means anything but as FG pointed out a few in December popped up prior to a decent drop (although the algo trades in odd blocks seem to have more significance).