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TOPIC: Trendfriend.

Trendfriend. 06 May 2018 19:13 #1

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Karma given. :P Not sure what it does... :whistle:

Many thanks TF. B)

Not much chatter lately, everybody is enjoying the sunshine.
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Trendfriend. 06 May 2018 17:44 #2

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Thanks Long term....nice to hear you made some coin!... :cheer: :P great work....
i think you are talking about the trade during the week....and on friday i gave some gains back.... :side:
just part and parcel of trading!!

No secrets to Technical's Longterm....but for indices you can only trade key levels... so these trade were based of failure at the 50 day ema line feature.....thats a key level....and the market always reacts when that level gets hit....beacuse it acts as a pivot level...

dow daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...u8W6SuVocx1rltius%3D

you can see how the dow failed to break above the 50 day ema line....
it's approching that level again, 24432.....no break no higher the trendline is also at that level currently...so that level(the numbers will change a tad daily) is worth shorting imvho...

Just watch the rsi if it breaks above resistance trendline....then not trade....as it's likely to break out...

dow daily - support levels.
uk.advfn.com/p.php?pid=chartscreenshotsh...L3mVUrVfIWblzPjLHjg=

23500 area and 23350 are key and strong supports...

dow daily - volume.
uk.advfn.com/p.php?pid=chartscreenshotsh...L3mVUrVfIWblzPjLHjg=

the volume on up/blue days is not particularly strong....if this can get above the 50 day ema line with a volume break out...then bulls are back in charge.....until then i think it will make lower lows....imvho.

hope that's useful..

atb, wdik, dyor,
trendfriend
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Trendfriend. 04 May 2018 12:30 #3

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TF, Your 3 calls yesterday were fantastic ;) , I haven't posted on the other board, but I will give you some Karma, after you reply here. :P

I made 100 points on the short, but nowhere near you. :pinch:

Please can you confirm how you knew she was weak, did you look at the 5 min chart or another timeframe?

I have been trading without posting charts, as it's only you that really ever replies.

Some charts of how you knew would be fantastic. :whistle:

I realise it doesn't always work that well.

Thanks in advance.
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