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PURPLE GAP


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#21 iloli way

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Posted 22 October 2015 - 03:14 AM

Wednesday cash closed with new lows as expected by 1-min local bear flag.
Then, expecting Purple Gap sucking all the wind down to fill the void, that is NOT against the odds ! We''ll see.
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Swing between these two bear flag lines in future had been just so much fun and profitable for TZA day trading.
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AHs and overnight futures retraced some of the loss from day time. At least going back to BD area for backtesting again: R2K to Orange line first; S&P to Tilt Flag's lower line, before pullback more.
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Edited by iloliway, 22 October 2015 - 03:15 AM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

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#22 iloli way

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Posted 22 October 2015 - 08:26 AM

"Drugged" by some blue pills? :lol:

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PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

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#23 iloli way

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Posted 22 October 2015 - 09:31 AM

The Blue Bear Flag and Purple BD Channel in this cash 15-min chart, I can give to bulls.

Break out above RED C&H, then the bears are toast.

TNA/TZA trades should base on CASH charts; great day trading tools using 1~5 min.

Futures charts are more complete to give more reliable patterns and bigger picture that I base IT swings on.

As long as Windows don't wipe my charts out with auto updates; and Flash don't crash, all charts posted by me are live streaming with extended lines. So compare the newer charts to old ones in same timeframes will give you updates. Better yet, draw your own lines, same as mine if you will, and watch them unfold LIVE on your screen.

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PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#24 iloli way

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Posted 22 October 2015 - 09:33 AM

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PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#25 iloli way

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Posted 22 October 2015 - 09:54 AM

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PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#26 iloli way

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Posted 22 October 2015 - 10:21 AM

LOOKS DONE BACKTESTING! at least for round 1... too busy to post chart

Edited by iloliway, 22 October 2015 - 10:23 AM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#27 iloli way

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Posted 22 October 2015 - 10:33 AM

:lol: :lol:

NO! CAN'T BE THIS EASY!

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I DON'T BELIEVE IT !!!


:lol: :lol: :lol:
PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#28 relax

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Posted 22 October 2015 - 12:35 PM

what are your thoughts here, broke above, but maybe just today because breadth is so strong

#29 iloli way

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Posted 22 October 2015 - 01:11 PM

what are your thoughts here, broke above, but maybe just today because breadth is so strong

DAX cash 10514 target MET today. So a pullback in cards.

RUT just leading down ROARING! FROM MY LAST so easy BACKTEST DONE! ----of course when I said that it's time for intraday (edit: DEADCAT) bounce... :lol:

Edited by iloliway, 22 October 2015 - 01:23 PM.

PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#30 iloli way

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Posted 22 October 2015 - 05:23 PM

Now, the hourly, same basic structure as daily but it does have own details.

Right now at the brink of either BO upward (blue arrow) over the BLUE line (also C&H); then all the horizontal lines above would be targets; and each slopping lines extension would be interacting when price meets them.

Or, BD under (purple arrow) the PURPLE line (bearish channel) then the bottom horizontal 9319 would be the target.

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relax,
10511 is the first target, I put it on 10533 in last chart. Today's close 10508, so consider met. Rest remain the same. BO upward (blue arrow) over the BLUE line (also C&H); then all the horizontal lines above would be targets; and each slopping lines extension would be interacting when price meets them.

Posted Image
PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines