98 replies to this topic

[iloli way]

Same R2k Orange TLs and blue IH&S BO (target 1238.12) :

 

Edited by iloli way, 19 October 2016 - 12:41 PM.

[iloli way]

SPX cash, 5 points from reaching the 5-min chart pivot line 2149.90 :

 

 

I bet that you have drawn this simple support line :  NO BO of 2149.9 yet and the lower gap is only half filled... and the day is still young... sigh~~

 

[iloli way]

ES with thick Red Wedge: when 2nd target 2100.25 reached then this thread's mission will be accomplished automatically, said Ms. Price Friday's close. Thank you mam.

 

 

Lets check what our old friend Red Wedge is doing, part of my routine not abandoning the old friend (what I pointed out for ONEGOAL about his line that the BO took out his line could be proven eventually a FO and it did). From that point of view, all these actions after BD are still only a fighting to get back into the wedge !! 

 

Lookout for this New Blue Dashed-line Bearish Wedge. Its upper TL projecting to where? you're right, 2150, the projected target of Red Bullish Channel meets the Orange downward TL as said yesterday. Meaningful? you bet it shows.

 

 

Posted Yesterday, 06:52 AM

 

For those prefer a fix number... Now the Orange Upper TL will hit approx 2150.

 

 

 

Trading is about making money, every time you are on a losing streak you must seriously criticize your own system instead of snow jobbing it. Timing is every thing. Then how do we time? Patience is timing, patient to what, where, when? Waiting for price to hit lines is disciplinary patience. I warned few days ago "avoid whipsaw/jump-gun while price still traveling in between the two TLs". LINES are there for us to take rewarding actions of our patience. That's REAL TIME trading.   

[iloli way]

On same practice, now lets check our last Red Bullish Channel discovered 10/17 :  this new local DT (day trading) blue channel in dashed line is, "bearish upthrust" what Semi would call it, what I call "bearish channel".

 

Projecting its upper TL also will converge Orange TL at approx 2150 (what! another 2150). So Bulls will need to jump the creek of Orange TL later there, or would get a rejection there due to the bearishness of this blue channel's genre. The stench is embedded here/now already - what LOL smells. 

 

Edited by iloli way, 20 October 2016 - 04:45 PM.

[iloli way]

 

SPX cash, 5 points from reaching the 5-min chart pivot line 2149.90 :

 

 

I bet that you have drawn this simple support line :  NO BO of 2149.9 yet and the lower gap is only half filled... and the day is still young... sigh~~

 

 

 

Friday back filled some more of that gap, not completely filled tho. Looks like gung-ho price is ready to assault that (2149.9 cash) line again ! Blue local bull flag's setting up a BO, while closed right on red support line:

 

Edited by iloli way, 24 October 2016 - 01:27 AM.

[iloli way]

See each chart's own bull moves ST setup at Friday's close : same alert as said ES 2150; R2K fut IH&S neckline; and RUT cash "Sickle Red Flag" with "FISHY line. 

 

Actually futures already up this moment BO all lines prices closed on Friday. Latest forecasts stand.

 

Edited by iloli way, 24 October 2016 - 01:46 AM.

[iloli way]

 

 

SPX cash, 5 points from reaching the 5-min chart pivot line 2149.90 :

 

 

I bet that you have drawn this simple support line :  NO BO of 2149.9 yet and the lower gap is only half filled... and the day is still young... sigh~~

 

 

 

Friday back filled some more of that gap, not completely filled tho. Looks like gung-ho price is ready to assault that (2149.9 cash) line again ! Blue local bull flag's setting up a BO, while closed right on red support line:

 

 

 

Same stuff continues as lined 5 days ago, in different colors upscale to 15 min chart : 2149.9 BO finally, now trying to fill upper gap @ 2163 as said 5 days ago too. Leaving one more gap below in the dust.

 

[iloli way]

Now upscale this same cash chart to Daily, you'll see its Orange upper TL will come together at 2163 !  Beyond that means a real BO of this Orange Bull Flag in disguise, well you got the idea - as said about ES 2150 'rejection there' or 'jump the creek' BO.

 

 

 

[iloli way]

ES: So today's high 2149, is it good enough as "approx 2150" ?  

 

From trading between 2130-2150 point-wise of view, you bet it's enough; but from TA POV one more nail is needed.

 

 

Posted 19 October 2016 - 06:52 AM

 

Overnight 1am this morning another off of the upper TL candle covered 8+ territory. Tha's a clear buy, target is the Orange upper TL of "Disguised Bull Flag". As said, all shorts had taken profits since red TL BO, now long side trading between Red and Orange upper TLs has begun.

 

For those prefer a fix number, also said 2 days ago: "the upper (red) TL will hit approx 2130". Now the Orange Upper TL will hit approx 2150.

 

What's the last nail ?  The light blue dashed line to converge with the Orange TL at 2150 ! (we can hit and reject and crash or BO over it - just BE THERE!) 

 

If overnight/tomorrow we get rejection there, new formation Orange Triangle Wedge will then solidify. Its lower TL should play catch-knife next from there. The easiest and most predictable market (started Sept 8) all posted here in advance before facts, top 5 of list at least.  

 

 

Same chart but emphasizes 'old friend' Red Wedge and Light Blue Rising Wedge : rising wedge projected apex is far and high enough to touch Red Wedge's upper TL and beyond, just saying.

 

Edited by iloli way, 24 October 2016 - 07:28 PM.

[iloli way]

So one more attempt overnight (2am my time) made a new high at 2149.50 !

 

"All agreed to round it up to 2150 ?" 

 

"Yes sir ! Reject !!"

 

See the Light Blue Rising Wedge two TLs? right on 2130 and 2150 now ! so here we go again. LOL!

 

I still prefer rejection happens at 2150.5 than 2149.5, even a quick spike up to 2155 Red Wedge TL than reject. This just don't taste as good. But boyz didn't want to fool around on razor thin edge it seems; that tells me a ton of stops are still up there. For now we take what's given and trade between two Light Blue Dashed Lines and two Orange TLs. Day's low not in yet.

 

I want to be right more than fearless.