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6 years 2 weeks ago #16627
by Trendfriend
Replied by Trendfriend on topic DOW
Yeah i was talking about the rising trendline the one you drew right at the top...
yeah!...i'm as good Remo...but only in hindsight!
anyway...zooming out still on the 5 min chart....this has been in this triangle all of this week...
my chart will be very different to yours as its market hours only...
dow - 5 min.
uk.advfn.com/p.php?pid=chartscreenshotsh...SpdRMb3dQt5x6b/ZiLE=
the direction of breakout from the triangle should see a strong move in that direction...
the numbers change every 5 mins...
good luck....your a lot braver than me...
atb
trendfriend
yeah!...i'm as good Remo...but only in hindsight!
anyway...zooming out still on the 5 min chart....this has been in this triangle all of this week...
my chart will be very different to yours as its market hours only...
dow - 5 min.
uk.advfn.com/p.php?pid=chartscreenshotsh...SpdRMb3dQt5x6b/ZiLE=
the direction of breakout from the triangle should see a strong move in that direction...
the numbers change every 5 mins...
good luck....your a lot braver than me...
atb
trendfriend
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6 years 2 weeks ago #16626
by Libero
Cheers TF,
scalping was the order of the day, but even 5 minutes can last a life time sometimes!
If today's low goes (it could go tomorrow - friday remember? - no one likes to hold), then I'd expect crazy moves to 18000 or thereabout, but not before a lot of shorts get burnt.
quick question: which line do you mean when you said "the rising trend line"? the top one of the three?
Also, do note that right now, it's struggling to break through the bottom of the three fork-like trendlines.
Lastly, regarding your chart, how I'd love to short that move, but I can't - I just can't. That one I'll leave to Remo!
(and of course you're a very good trader!
)
scalping was the order of the day, but even 5 minutes can last a life time sometimes!
If today's low goes (it could go tomorrow - friday remember? - no one likes to hold), then I'd expect crazy moves to 18000 or thereabout, but not before a lot of shorts get burnt.
quick question: which line do you mean when you said "the rising trend line"? the top one of the three?
Also, do note that right now, it's struggling to break through the bottom of the three fork-like trendlines.
Lastly, regarding your chart, how I'd love to short that move, but I can't - I just can't. That one I'll leave to Remo!
(and of course you're a very good trader!
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6 years 2 weeks ago #16625
by Trendfriend
Replied by Trendfriend on topic DOW
its been hitting that t/line and coming down....so for scalping that was the line to short off....in hindsight off course.... 
in hindsight i'm a very good trader btw
this is what i think form a 5 min chart on advfn....
uk.advfn.com/p.php?pid=chartscreenshotsh...LXFhjINY0UAIp6vidhI=
i'm usually totally wrong....so lets see...
i do think this will close down imvho...if the low for today goes...
if it does rally the rising t/line on your chart should be target...
atb, wdik, dyor,
trendfriend
in hindsight i'm a very good trader btw
this is what i think form a 5 min chart on advfn....
uk.advfn.com/p.php?pid=chartscreenshotsh...LXFhjINY0UAIp6vidhI=
i'm usually totally wrong....so lets see...
i do think this will close down imvho...if the low for today goes...
if it does rally the rising t/line on your chart should be target...
atb, wdik, dyor,
trendfriend
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6 years 2 weeks ago #16624
by Libero
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6 years 2 weeks ago #16623
by Trendfriend
Replied by Trendfriend on topic DOW
The 5 min chart you posted below....can you try to draw a trend line across the tops please.....
Seems like a rising trend line.....
Only if you have min....
I have a look later myself...
Atb
Trendfriend.
Seems like a rising trend line.....
Only if you have min....
I have a look later myself...
Atb
Trendfriend.
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6 years 2 weeks ago - 6 years 2 weeks ago #16622
by Libero
This is really tough to trade / scalp....
All that's happening during today's session is, frankly, semi-informed gambling.
I'm trying to ride up / ride down tiny moves (what I call fish n' chip money), but it still difficult.
the mish-mash of trendlines *seem* at least for now, hold in some way or another - until they get blasted through in either direction.
be safe people.
p.s. why are these damned black lines appearing? IG need to get their act together.
new chart attached....
This is really tough to trade / scalp....
All that's happening during today's session is, frankly, semi-informed gambling.
I'm trying to ride up / ride down tiny moves (what I call fish n' chip money), but it still difficult.
the mish-mash of trendlines *seem* at least for now, hold in some way or another - until they get blasted through in either direction.
be safe people.
p.s. why are these damned black lines appearing? IG need to get their act together.
new chart attached....
Last edit: 6 years 2 weeks ago by Libero.
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