7 replies to this topic

[iloli way]

OK, IN ADDITION TO THE DAILY "SICKLE" PATTERN, WHICH I EXPECT ONE MORE DOWNWARD "STAB" TO COMPLETE, I FEEL NECESSARY TO SHARE THIS. I EXAMINE THE PATHS OF PRICE SINCE THE "TOP" OF 5/22, SEE WHAT THEY COULD HAVE REVEALED. SOME MARKET DYNAMICS AND DIRECTIONS WHAT NOT. (SORRY CAPS LOCK MALFUNCTION..)

FIRST CHART: WE ARE IN A LARGE "BULL FLAG" PENDING ON BREAKOUT CONFIRMATION. THIS IS IN LINE WITH THE DAILY "SICKLE" AS BOTH ARE CONTINUATION OF BULL MOVES. FAIL TO BO, OR EVEN BREAKING DOWN AS RESULTS, WOULD BE EXTREMELY BEARISH.



SECOND CHART: 5-HOUR IS BETTER FOR THE JOB. I SEE "ONLY" THREE PATHS OR PATTERNS. FROM LEFT TO RIGHT, A SICKLE, A DOUBLE-TOP BEARISH TRIANGLE (REALLY JUST A FAILED BREAKOUT OF THE SICKLE) AND THE CURRENT BEAR FLAG IN PROGRESS.

THE SPEED AND VELOCITY AFTER BREAKING EACH PATTERN IS THE "SHOW OF FORCE" BY THE BULLS AND THE BEARS. THE CURRENT BEARFLAG'S LONG AND STEEP FLAGPOLE WILL PROVE TOUGH FOR BULLS TO OVERCOME. DUE TO THE FLAGPOLE, I READ IT AS "BEAR FLAG" (MORE RESOLUTE BEAR) THAN "RISING WEDGE" (LESS RELIABLE BEAR).



SO THE BIAS, BASED ON FIRST CHART, BULLISH; SECOND CHART, BEARISH. BOTH WAITING FOR RESOLUTIONS. THROUGH THESE SPECTACLES, HOPE IT'S HELPFUL IN UNDERSTANDING CORRECTLY MY SHORTER TERM GPS BIT-MAPS.



AGAIN, HAPPY 4TH, AMERICA!
(ALMOST MISTAKEN PICTURE ON TUBES AS CELEBRATING 4TH IN CAIRO TOO... )

PS, POSTED THIS IN S.W. EARLIER TODAY, WITH FUT "ON FIRE" NOW, MIGHT AS WELL HERE TOO

[iloli way]

Staying with the original plan since 6/25, that is to short every in-coming line-rejection, here the next one Blue and above that "Triple Bang!" Yellow line(now at 1653), then take profit when every next target line reached and retaken by bulls. If not retaken by bulls just keep riding it down. Swing those lines with short only position, until final 'SICKLE completion target' 1531 or 1477 reached.



First chart daily bull flag BO is 1628ish at this moment. Ready to collide with the Blue line any time now.

Time to see some fireworks in our western burning sky, so HOT the heat streak this year! (don't mean the Heat's Streak)

Edited by I Lo Li 愛樂利, 04 July 2013 - 10:19 PM.

[iloli way]

Stop is precise too. There are no lack of lines in LOL.

[iloli way]

No lack of lines? indeed. One way or another, Blue BANG! firework hit it.

Yo Yo FA has no idea what had hit'em.

[iloli way]

Desperation bounce on the last line, before bearflag BD, is well deserved..

[iloli way]

You are welcome.

[dougie]

nice charting

[iloli way]

The LOL Systems not just charting "nice"ly, but most of all, trading Accordingly. They are roadmaps to swing trade between lines. Reason I post here is to demonstrate HOW LOL WORKS in REALTIME. I post in REALTIME, LIVE, within minutes of chart's been captured.(check the charting time and posting time, don't take my word for it) My line(s) are posted AHEAD of price ever getting there. It's TRADE ON FORECASTING, not HINDSIGHT. Only good GPS gets you where you want to be.