30 replies to this topic

[iloli way]

Sep 1 2015, 08:09 AM
Now, as long as price remains above the Lower line of the Orange Wedge, keep trading between the two thick red lines.

Sep 10 2015, 08:49 AM
Best trades, buy or sell, are still keep trading between the two thick red lines.
, meaning buy the lower line bounce, sell the upper line reject.

Do not forsake the Two Red Lines implying a bearish flag, whether it's structural or processional, bearish non the less.

That's the trade since Sep 1 for me, nothing unexpected there.

As of right now, the bounce off "floor" has potential, but to confirm a buy or cover is premature.

30 mins to close.

[opinionated]

So glad to see you back!! Very much enjoy your work... Geez they sure goosed the close... Best O

[iloli way]

Thanks, funny.

Yellow box is the move within 60 mins after my last post; sure like some one was poked in between some bodyparts!

That could be a small local bear flag, unless a BO upward; but that's small, compare to the three 5-hour charts which I'll update a while later.

[iloli way]

EOD....

ES: still holding on own floor and bounced from it; and it also holding the key of RUT futures' floor BD or FD.




RUT Futures: thanks to S&P, the "floor" was bounced from a FD (fake down), but the Orange ceiling is also pressing ever lower as time goes by, so not much prime cut left between two thick red lines.




RUT Cash: as said "blue bear flag BD, but red bull flag did not".



Now if I keep repeating myself, it would be on the borderline of unsavory... where I get that from?

[salam]

EOD....

ES: still holding on own floor and bounced from it; and it also holding the key of RUT futures' floor BD or FD.




RUT Futures: thanks to S&P, the "floor" was bounced from a FD (fake down), but the Orange ceiling is also pressing ever lower as time goes by, so not much prime cut left between two thick red lines.




RUT Cash: as said "blue bear flag BD, but red bull flag did not".



Now if I keep repeating myself, it would be on the borderline of unsavory... where I get that from?

Superb charts! Thank you for sharing

Best

salam

[salam]

SP futures scraping the bottom again:-)

[iloli way]

Woke up by a "KRACK !!!" noise middle of night, it was the "small local bear flag" they "goosed up" right b4 close yesterday end up triggering the long awaited FLOOR CRASHING THRU!

Lets see if handyman can fix it after daybreak...

[salam]

[quote name='iloliway' date='Sep 22 2015, 10:08 AM' post='731520']
Woke up by a "KRACK !!!" noise middle of night, it was the "small local bear flag" they "goosed up" right b4 close yesterday end up triggering the long awaited FLOOR CRASHING THRU!

Lets see if handyman can fix it after daybreak...




I will be adding short to any pops up by the handy man....lets see how the set up plays

[iloli way]

I'll show later in one small but important chart why handyman can't fix it so far this morning.

This MONTH OLD BEAR FLAG BREAKDOWN IS MAJOR!
(why I started this thread deep at night 1AM on Monday, what? if I were not serious?)

Sell the BD, add short to pops, all in the law book of LOL.

More so, keep profit running of that Orange Rejection Short issued last Wed Sep 16.

See the RUTten Orange Horizontal Line at the Flag Pole Base? That's the Target.

Had warned everyone yesterday: "As of right now, the bounce off "floor" has potential, but to confirm a buy or cover is premature.
30 mins to close."


I enjoy sharing my line trading system, without obligation. No need of any other indicators,..., just stare at the price long enough, it'll start talking to you. And understand it, put to tests, continue learning and adjust, trade it with good results, all is the best reward.

[iloli way]

When I woke up 1AM today and saw the crack of floor, I wasn't quite awake. But I immediately could recognize how legitimate they use this 1~5 minutes price pattern to disguise the seriousness of this take-down operation - to BD the Larger Bear Flag overnight.

By taking just one look, with my half-opened eye, of this chart I posted near the close yesterday. How tiny 1 minute (later switched to 5-min) sticks were used as pawns rolled over downward smoothly and stealthily to break its local small bear flag, then BACKTESTED WITH A KISS - that legitimized the BD, sealed the deal !

That's why I could go back to sleep tight, not worry about position until 'daybreak'.

chart taken 1:54AM:


chart taken 6:35AM, 5 mins after open: already nailed out another local bear flag, so the handyman's hand is tied.


chart taken 8:02AM: local bear flag had BD, that's why can't be fixed until the course is run.


chart taken just now, arrow is waiting for backtest kiss again, if we get one, good setup to add or prof-taking for DT.


Good trading!

Edited by iloliway, 22 September 2015 - 10:56 AM.