Caseynotes

ICYMI. Very good recent IG video with Ron Williams of RWA and Jeremy Naylor on technical analysis and market cycles. Interesting bitcoin chart near the end. 20 min

Euro longs not giving up just yet but USD heading for positive territory.

Interesting piece on divergence not least for the convoluted English translation. Discusses relationship between divergence, buyer/seller, and overbought/oversold. Includes an explanation of hidden and classic divergence and Class A, B and C divergence as well as rules for use and when not to use. https://www.leaprate.com/experts/ruslan-saakov/divergence-convergence-description-types-methods-rules/

Advanced Fibonacci techniques and strategies using Fib fan and Fib time zone. http://www.newtraderu.com/2017/09/15/advanced-fibonacci-strategies/

Very good piece on false breaks from David Jones. https://masterinvestor.co.uk/magazine/#dflip-66920/56/

Dow seems happy with it's wedge break. Daily chart.

Oilfxpro you really are laughable with your multiple logins and your inability to argue your corner without shifting the goalposts when your bs is called out. So predicable, so boring.

That's right, keep shifting the argument around, move the goalposts whenever you get called out and your debating points shown up as being nonsense, it's what you always do. Next will come the abuse and name calling, so predictable.

He talked specifically about short-term (prop) traders and differentiated between them and portfolio traders, he has worked with many of both groups. He talked about the correlation between volume and price movement and how and where to find it and see it. Indices increments are called ticks whereas fx increments are called pips. You didn't really listen at all did you, too much of a hurry to get on with the trolling.

Not surprisingly you have got this wrong. He did talk about volume and relative volume and it's application to indices. He then talked about the fx market and tick volume (he was asked specifically about it). He knew exactly what he was talking about. I long ago learnt you don't debate but just randomly troll.

In my subjective opinion he knows more about trading than you ever will and given that you have never traded successfully in over 10 years of trying I will take his opinion over yours any day.

Podcast with trading psychologist Brett Steenbarger with a lot of referencing to the current markets. Recorded a few days ago. (note; some strong language) https://twoblokestrading.com/102-mr-trading-psychology-must-listen-dr-brett-steenbarger-interview/

Dow looks like wanting to push higher but wait for the break.

Dow and nikkei looking higher and dax is a maybe while asx lingers around support. NFP day today so might be a bit dull til then.

Dow daily putting in a pin bar up off triangle bottom.

Dow pushes down hard and drags everyone down with it;

Dow and nikkei looking to bounce up off support while dax flies the flag having finally beaten that weekly resistance level. ASX ploughs through weekly resistance but has monthly just ahead.

Dax goes it alone and breaks up past the weekly chart resistance level 12610 and heads for the 61.8% retracement of the down move at 12870.

US open pushing down on dow and dax.

ASX was out of step as says in the ASX thread, the dow took a dive in the US session while dax had a dull day and remains loitering about the resistance level.

Dax and nikkei back up to the weekly chart resistance while dow takes another look at the trendline.

Dow daily running up to down trendline resistance but note this push up is from mid triangle and a higher low so maybe positioning for a break to the upside. While dax pressing on stubborn resistance. Dow daily, Dax daily and 1 hour.

Heading back up to test resistance.

Dax, break out of either 1 hour resistance at 12466 or 1 hour support at 12417 should lead to further gains though multiple support at 12375 may cap the downside.

Dow lead the charge down yesterday and now looking to confirm support as nikkei looks to lead a charge back up.