5 replies to this topic

[Tokyo]

S&P500 (cash) 15 mins chart
the cloud bottom (1445.39) is the strong support at the moment. This bottom will raise toward 1447.02 in 2 hours time which may become the resistance by then




Dow Jones (cash) 15 mins chart
the cloud bottom (12651) was broken. as you can see, the blue cloud bottom (12656.9) will become the resistance.




Nasdaq100 (cash) 1 hour chart
it is still inside the cloud and its bottom (1778.37) is acting the support
if and when it penetrates below that level, then the blue cloud bottom (1786.77) will become the resistance

[traderpaul]

Can you tell me what are those red and blue bands? Thanks.

[Tokyo]

Can you tell me what are those red and blue bands? Thanks.

Hello

Senkou Span A = Leading Span A = (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods ahead

Senkou Span B = Leading Span B = (Highest High + Lowest Low) / 2, for the past 52 periods, plotted 26 periods ahead


In order to make the chart easy to understand,
when Senkou Span A is ABOVE Span B, I coloured the cloud in Blue
when Senkou Span A is BELOW Span B, I coloured the cloud in Red

When the cloud is blue, the price tends to go higher (buy)
when the cloud is red, the price tends to go lower (sell)

however there are some occasions that the prices and the cloud colours go against each other which I call as ''the revese indicator''
it takes long time to understand how to use this chart into your trading. I myself started to use this only since last November. I am still trying to understand what time frame is the best for each instruments

[traderpaul]

Can you tell me what are those red and blue bands? Thanks.

Hello

Senkou Span A = Leading Span A = (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods ahead

Senkou Span B = Leading Span B = (Highest High + Lowest Low) / 2, for the past 52 periods, plotted 26 periods ahead


In order to make the chart easy to understand,
when Senkou Span A is ABOVE Span B, I coloured the cloud in Blue
when Senkou Span A is BELOW Span B, I coloured the cloud in Red

When the cloud is blue, the price tends to go higher (buy)
when the cloud is red, the price tends to go lower (sell)

however there are some occasions that the prices and the cloud colours go against each other which I call as ''the revese indicator''
it takes long time to understand how to use this chart into your trading. I myself started to use this only since last November. I am still trying to understand what time frame is the best for each instruments

For those who is interested this is the link.....http://www.investope...l/04/072104.asp

[Tokyo]

For those who is interested this is the link.....http://www.investope...l/04/072104.asp

I disagree with their explanations of tenkan, kijun, chiko, span A and B.


http://www.prosticks...85f6a1e12622bdd

[Tokyo]

S&P500 is still below 1447.02 while Dow went above 12656.9 but failed to stay above so far.

see how the charts look like

S&P500


Dow Jones


Nas100