Saturday, January 10, 2009
Wednesday, January 7, 2009
Saturday, January 3, 2009
Quick review of ESH09 commented chart below.
It was probably not the best idea to publish a commented chart on Jan 1st simply because not only markets had been closed for about 36 hours, but there are also portfolio adjustments on the new year and volumes are still relatively low.
The result hence is that the ~910 target was hit way too quickly.
We have noticed in the past few months that volatility works as a "time compressor". For those who wish to keep the trading frequency and style relatively unchanged, time frames should be multiplied by 2 or 3. I however recommend to adapt within reason and go with the flow. Trading is faster but the reading technique remains largely the same.
The result hence is that the ~910 target was hit way too quickly.
We have noticed in the past few months that volatility works as a "time compressor". For those who wish to keep the trading frequency and style relatively unchanged, time frames should be multiplied by 2 or 3. I however recommend to adapt within reason and go with the flow. Trading is faster but the reading technique remains largely the same.
Friday, January 2, 2009
Another volume chart with commentary.
Here is another market reading experiment using our trading technique. We anticipate a support to be found soon (from current level to high 880s) with a following bounce to maybe ~910. Let's check it out later today... with due consideration that volumes could still be quite low today.
(posted 3:20AM Eastern)
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