Saturday, January 10, 2009

ES Chart with commentaries - Jan 9th '09

Here is a commented ES chart to better understand our chart reading technique.

Wednesday, January 7, 2009

EURUSD Chart with commentaries (2)

EURUSD Jan 7th '09: mid-day chart reading

(Posted 12:15PM UK)

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.

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)