ultimate comboi won't go into specifics, yet. let it come to you in about 3 days or less. but, each line is a resistance point. first line is worry. second line is panic. thrid line is freak out and consider closing.
overall, the tip of each specific line , acts as an infinite line on your chart as if it is acting like a updated arrow of where the direction is going in the near future . (play around a bit, for example, if all tips of the arrows , point down, direction is down. if all three tips of the line point upwards, direction is upwards; wideness; right angles;who's on top; and much more)
i'm not accounting the other factors.
most important is, the red line . the red line is the direct direction of the right now.
the blue line is most important. the farther away from the red line, the stronger the direction.
the middle line (can by any color throughout range/switch-ups/reversals, can act as the first main real resistance of where price needs to push through with confidence in order to break trend and shoot for the third line (which most times can be the blue line in heavy trends)
Ultimate
Do it like GreeceStudy the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i mean everybody! i remember my father telling me that the biggest sign he saw that the bubble was about to pop was when his mother in law (late 99) came and told him that she wanted to play the stock market as well! When he asked her why she replied: because the other granny across the street is making money... That was the sing! who the hell was left to buy????
Then the bubble popped together with the .com bubble but people were not selling in the contrary in 2003 they start borrowing and selling their houses,farms whatever they had and played all in! because in their mind and in the media that was the bottom! The ultimate buy the dip!!!then we had the golden age of modern Greece! Various outstanding sports events wins! like the Euro 2004, beating the US Basketball Team, and the cherry on top hosting the Olympic Games of 2004, oh boy euphoria was back in the game and this time for good! We were borrowing more and more money to live a life we could not support! our debt got bigger and bigger but when the 08 housing market popped it was time for us to pay our debts!
You know what happened next! check the graph here (www.capital.gr) but only till 2012 because then we had to recapitalize our banks 4 times so the graph is not representative of the whole market. From a political perspective the 2 biggest political parties left and right had to form a government together in order go through this tough period. Our debt was restructured and taxation went sky high! especially for the middle class who paid the majority of the bill!
How are things now? well we sold almost all our assets to foreign investors/countries for peanuts! we got used after 10 years to a -50% income and prices are something like 100%-200% higher than 2000...
US30, going to dropHi traders,
As we look at US30 it broke the uptrend, and will prob rise to 30800 after that there will be a huge sell off.
So when it hits 30800, it will go a bit higher and when it drops go in an trade for sell.
Thats how I think US30 will go.
SemftTrading
Bitcoin: Ultimate Oscillator with custom parameters This trading system idea looks to be very useful for swing trading bitcoin on the dailies (1D candles).
It uses custom parameters with Larry Williams' Ultimate Oscillator:
6/30/150
If the oscillator is receding through 69 then go short or close long positions.
If the oscillator advances through 46 (or lower), open a long position.
Caveat: past performance will not necessarily translate into future performance. Do your own research and testing to confirm for yourself.
Bitcoin price next move!!Looking at the start of the Parabolic run, it has manifested in 3 "waves" consisting of a parabolic move, consolidation at a new high and parabola. Within that consolidation; (represented as the parallel lines, which also represent the range of the consolidation. Do you see it? ), bitcoin oulls back to the 21ema in the first, deeper in the 2nd and will probably pullback as deep as the green 55ema to fill cme gap and after but gets bought back fast. Like and share!