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Coondawg71

Arbitrary Price Pivot; SPX500; New Quarter baselineThis chart is a bit late, as I was just reviewing an old script I posted a few years back called Arbitrary Price Pivots. The theme behind this post is the Arbitrary Price Pivot indicator used here is based on the new Quarterly level for SP500. This version of APP colors the price bars based on its relative position versus the time selected (3M, equals three months, ala Quarterly time frame). So the view of this chart is attempting to showcase the movement of SP500 on a Quarterly time frame in conjunction with the rotation of contracts each Quarter. The indicator in the lower panel uses the Advancing Issues and Declining issues of the NYSE as a momentum reading. We obviously have begun this latest Quarter with a bearish bias thus far.
FX:SPX500
by cooney_s
SPX500 price rejection at prior Week MedianHere, I offer a look at using the prior time frame Median as a means of bullish or bearish sentiment/trend. The indicator plots PRIOR Daily, Weekly and Monthly Medians. Currently, this week, we have Bearish Cross of the short term Daily Median below the prior Week Median give us an obvious bearish formation. Conversely, possible value in longer term view for Bulls. Price has been rejected from the prior Weekly Median as we see an ascending wedge being formed. Point of exhaustion/explosion to play out very soon.
FX:SPX500
by cooney_s
4
Royal Bank of NZ changes TWI; Trade Weighted Index Today!!! www.rbnz.govt.nz Just want the TV community to be aware of this fundamental change to the Kiwi across the board. cid:image003.jpg@01CEAD68.470EA830 15 December 2015 Updated weights for Trade-Weighted Index The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015. The TWI is a measure of the value of the New Zealand dollar relative to the currencies of New Zealand’s major trading partners. There are 17 currencies included in the TWI and each currency is weighted using the country’s bilateral trade with New Zealand. The TWI weights for the next 12 months are: Currency Symbol Old weight New weight Australian dollar AUD 0.2198 0.2199 Chinese yuan CNY 0.2009 0.1801 United States dollar USD 0.1234 0.1448 Euro zone euro EUR 0.1087 0.1097 Japanese yen JPY 0.0631 0.0646 United Kingdom pound GBP 0.0434 0.0470 Singapore dollar SGD 0.0434 0.0391 South Korean won KRW 0.0397 0.0390 Malaysian ringgit MYR 0.0328 0.0287 Thai baht THB 0.0258 0.0276 Taiwanese dollar TWD 0.0174 0.0180 Indian rupee INR 0.0149 0.0175 Indonesian rupiah IDR 0.0180 0.0162 Canadian dollar CAD 0.0147 0.0147 Hong Kong dollar HKD 0.0133 0.0130 Vietnamese dong VND 0.0104 0.0106 Philippines peso PHP 0.0103 0.0095 Scaling factor 76.4400 76.6018 Technical information about the TWI is available here. www.rbnz.govt.nz Media Contact: Angus Barclay External Communications Adviser, Ph 04 471 3698 or 027 337 1102 Email: angus.barclay@rbnz.govt.nz
by cooney_s
USDJPY; Volume ProfileThis could be the wrong way to use these tools. This is my first opportunity to put them to use. Feedback is welcomed. Two Volume Profiles at work. One Fixed Range from October 16,2014 through December 7, 2014. I then drew a Fib on the 70% Value Area to determine the 50% Fib balance point. Dark blue line from far left of screen is the Fixed Range POC. Sky Blue is the 50 Fib. Volume Profile on the far right is the Visual Range Volume Profile, its respective POC is the dash green line stating 117.75 is the POC for that range. Current price is slightly below. We see the Fixed Range Fib on the Value Area has some merit as price bounced hard off the 50 Fib on December 16, 2014. Price alos struggled to break upward through the High mark of the 1.00 Fib line @ 120.29. Continued bearish behavior brings the 115.57 figure into play as a realistic near term target. Conversely, we have a 50 Fib at the 118.35 price level for this same span based on the Visual Range Value Area.
by cooney_s
2
XAUUSD; GOLD, US Dollar , hourly chartHere I present to the TV community a great tool brought to us by Ricardo Santos, a fantastic coder whose work I greatly appreciate. He has recently shared with TV the Murrey Math Lines/Channel indicator. This is a manner in which i have implemented using the tool in a MTF fashion in conjunction with Fib Time extensions. Plenty of chart notations to see. I like to overlap a short period MMLC and a long period MML. Two of my favorite to put on an hourly chart would be 24 and 144 periods. The MMLC allows us to highlight the extreme overbought and oversold zones which in MML relate to possible turning points in trend. When in MTF mode we can easily see areas that overlap increasing our chances of high probability trades when both period show the same signal. Use the Median crossing of MMLC to indicate overall trend and take advantage of price discovery via divergence.
FX:XAUUSD
by cooney_s
Bitcoin USD; BTCUSD forming a base? or selling off furtherBitcoin Daily candles are forming a base for the remainder of the year is my gut reading. Price remaining within the range of $397 to the topside and $346 on the bottomside will formulate strong foundation for bullish behavior after the New year. I believe the basing will consume the time through December 25/ end of year. I see an extremely strong point of energy marked on that day which could signify the beginning of the bulls buying. Conversely, a break and close of $346 by December 25 could be the beginning of a large sell off to $161.oo
BITSTAMP:BTCUSD
by cooney_s
6
Euro Yen Looking for a base to go Long; EURJPYThis pair has finally escaped the downward pressure from the price action created in January of this year. Price has surpassed the 7.0 deviation which is a very strong point for change in trend as is 14. This chart may be a little intimidating but it is offered us some great information. The energy that was released by escaping this element of time from the downward pressure has been realized in the price bar from yesterday and I imagine it can resume again come next week. Short term traders may put some pressure on this pair in the near future sending it down to 135.71 which would be a nice entry for bulls. Price action in this current wave of energy is very young. Current price is attempting to close above the 90 period LSMA which is a nice sign for bulls, but the 7 period has yet to confirm by closing above this level. So it will be much safer when the 7 period and 30 period LSMA's have closed above the 90. That would surely be a green light for bulls. Conversely if the 7 crosses and closes below the 30 in next weeks price action and we have Daily closing below 135.71, I would seriously entertain a bearish sentiment.
by cooney_s
Crude WTI; CL1! making a turn?Question is which way. Daily price action this week has found itself extended past a Fib level of 2.618, yet bouncing off the 3.14 (Pi) level AND past a very strong point of magnetic force, both pitchforks 2.618 deviations have already crossed and it appears price is trying to respond by changing its trend. So it is trapped and basically waiting for direction. With it being sold off so heavy, it could make a run back up to the 84.09 level where we would reassess the situation. Closing above the 84.09 price level opens the door to a dramatic rise back into the $89.27 price, then the $90 handle, specifically 91.46 then 95.64. Next point of magnetic force occurs Nov. 3, first trading day of November.
NYMEX:CL1!
by cooney_s
3
Kiwi Dollar; NZDUSD point of decision The Kiwi Dollar is struggling with the 2.618 fib retrace drawn from July's price action ( .7857). This is a very strong level which will decide if this pair will continue much further to the bearish side reaching the fib level of 5.0 or will attemp a retrace back into the area of 0.8184 or even further of .8370. Watch the Least Square Moving Averages which are set to 7 days, 30 days and 90 days. The current 7 day value is trapped between the 30 and 90 periods indicating compression, especially near this price level. With the 30 period still well below the 90 period, selling any bullish closing daily candles within a full amount of daily trading range would be my bias. Two areas highlighted with ellipses indicate projected launching points for the next strong move occurring in the area of Nov. 7. Price closing outside the orange upward sloping pitchfork deviation of 7.0 is usually a strong sign to sell in this particular scenario.
by cooney_s
1
Gold; XAUUSD compressingI see the price action of Gold continuing to compressing through the remainder of 2014. I am testing a method of so called magnetic points by creating a grid. According to this chart as gold remains under 1247 there are several points of interest to monitor. Price appears to complete compression by December 15/16 where we could see a strong move to either side. One other point of interest is a possible retest of the October low mark of $1,190 which according to the chart could take place in the time frame of November 5/6.
FX:XAUUSD
by cooney_s
5
GER30 DAX: Rolls Over, Bearish Target 7913 Trigger for a Short would be a break of last candle low circa 8780. Initial wave of selling has concluded; Double Smoothed Stochastic fast value already broke 50 line week of August 18, typical bullish reaction ensued, slow value completed crossing of 50 week of September 22, this completed the first wave of selling a strong market. Price has broken and closed below a major trend line. Some weekly bars of bullish nature may be in the near future, closing value of any bullish Daily or Weekly candles would be an opportunity for short trades. Bullish candles could possibly retest a High value of 9941 which would be a major divergence from the underlying trend for this market. Keep an eye on the CCI values. Last two CCI values have shown the weakness of this market is turning weaker. Current value of -122 supports current selling and usually is the beginning of good selling trend. Bearish target for CCI value would be -200. White boxes are drawn out through the end of 2014. Potential bearish targets 7913,7218 ((beginning of this past bullish wave)). An extreme bearish target being 7218 would be 19-20% drop, but that is what the chart is telling me. This is obviously a Long Term viewpoint that will need review after each weekly close. Price could remain in a bullish triangle compressing price up to the 9941 level through the next several months through to summer before exhaustion has finally arrived or another round of bullish breakout.
FX:GER30Short
by cooney_s