Hopeful
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Posts posted by Hopeful
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Hi Zero
Enjoy your weekend -- it's the XJO
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Hi Jamko
I agree with Zero, sounds like a plan; will try and oblige but may need a bit of direction into the execution of the experiment.
BTW I'm intraday on the XJO
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Have only really dabbled with the EW - my repertoire really quite simple, but appreciating opportunity of sharing your thoughts and analysis on the EW - agreed with your sell signal but solely based on resistance, ma's and pattern recognition - bit range bound at the moment maybe lower from here if a break of 5177 confirmed with first support at 5160?
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I'm done for the day (I think!!) - hope the H&S delivers!
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Yes should have could have at 5173 - first leg down 5165 then reconsider - seems to be making "awonky" M on the 5 min - but your H&S still hanging in!
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Your "wonky" H&S may be a play especially if employment data disappoints; looking at sell off to 5120 then if continues maybe 5080 - otherwise continue to the upside!
ASX Index
in Indices and Macro Events
Posted
Yes, hate that. BTW what time frame do you trade? My preference is the 5 min with the 60m and 15m as reference. I normally base any decisions on price in relation to the 20ma.