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Hourly Bear Flags EVERYWHERE!

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#11 iloli way

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Posted 26 June 2016 - 05:23 PM

agree iloli- think it should retrace a bit more - almost to the break and then heave again....bear style.

 

'Retrace to the break' is not happening at least before the Sunday open. 

 

Yet gap down to set up more effective Monday CBs hero acts do sound like a workable plot. Good luck on that dare devil endeavors tho...

 

xii1bSh6.png


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#12 iloli way

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Posted 26 June 2016 - 05:52 PM

past 18 hrs, hrly they ''all" look like this, (gold bull flag)...

 

Nasdaq%2B100%2528Hourly%2529201606240909

 

 

 

Back to my first post: nas sunday is already lower than friday's low at  -32, thinking a double bottom build up is underway... man, one of those sundays worth working earlier than usual

 

Nasdaq%2B100%2528Hourly%2529201606261543


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#13 salam

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Posted 26 June 2016 - 06:34 PM

My covered longs got stopped out at 2021.4. Pound still struggling. I've added a short at 2020 and nibbled 6 points already. I'll cover long 2009 area witu a limit order and 6 point stop. Double bottom...rally to attend to retake 2060 and then fail. Sleep time!
I'm not sure what my future holds... But I know who holds it.

#14 iloli way

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Posted 26 June 2016 - 10:51 PM

LOL short from 2040 where when Blue Bearflag BD...

 

S%2526P%2B500%25285%2BMinutes%2529201606


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#15 iloli way

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Posted 26 June 2016 - 11:19 PM

(typo: last post "Blue Red Bearflag")...will take cue from the 5hr chart when price gets over BOTH larger Red Channel AND Purple extension line to cover; if happens during sleep time, a 2020 stop will trigger for 20.

 

See this new 5hr chart, compare with last posted 5hr, the dashed purple line is the old channel line.

 

When I changed origin points to the latest two lows, and extended it, voila, Friday's low sits right on the line! -- validate a good support?

 

So Sunday SO FAR is encouraging for the comeback bets; but I'd not read too much into it now, should be Monday.

 

S%2526P%2B500%25285%2BHours%252920160626


Edited by iloli way, 26 June 2016 - 11:21 PM.

PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#16 iloli way

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Posted 26 June 2016 - 11:55 PM

As per this chart, ES goes to1800~50 at least.

 

20160626_USD4.jpg


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#17 iloli way

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Posted 27 June 2016 - 04:09 AM

Now before sleep i placed stop 2020. It had traded above it for less than 30 mins an hour ago, but I was awake and stayed in.

 

S%2526P%2B500%25281%2BMinute%25292016062

 

 

 

One last 5hr chart to see where all the lines are now, and Hourly is turning down on own local up-hooking bear flag formed since sunday open.

 

If you don't see my posting this week, I may not able to, on vacation guys!  I have revealed more than enough on how to trade with LOL, same laws/methods whether I posting anymore. Welcome to utilize past posts and apply for good tradings any time.

 

S%2526P%2B500%25285%2BHours%252920160627S%2526P%2B500%2528Hourly%252920160627014


Edited by iloli way, 27 June 2016 - 04:11 AM.

PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#18 salam

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Posted 27 June 2016 - 04:10 PM

Time to redraw those lines! Break of 2009 was a great short entry.

Close below 2026 confirms to me the bear is back. No ATHs....

I've covered at the just now at 1991 locking in over 110 points. Stop 5 points below.

Expecting a morning bounce to short into and close longs...2110-20 max.

This is brutal :-)

Edited by salam, 27 June 2016 - 04:12 PM.

I'm not sure what my future holds... But I know who holds it.

#19 blackcloud

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Posted 27 June 2016 - 04:24 PM

...2110-20 max...Hey salam, did I read that correctly??



#20 salam

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Posted 27 June 2016 - 05:25 PM

Oops 2020 possibly 2025:-)
I'm not sure what my future holds... But I know who holds it.





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