flewis777

flewis777

With ATR on Friday being close to a low, and with fridays candle being an inside candle, I am going to place a bracket trade 3 ticks on either side of the high and low of Fridays candle. At the same time I am anticipating the ATR to expand.

flewis777

This is part 2 of a post I did in September 2013. Nothing has changed, really. The same MACD signals produce good profits. Sugar futures are traded on the ICE exchange and any futures brokes can give you access. The margin requirement is $950. When MACD crosses positive on the daily I plan to go long.

flewis777

Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.

flewis777

The blue line on the chart are where the Stochastics crossed after being in oversold territory. However it is noteworthy that while the stochastics plunged, price held up, only falling 5-6 points. This could be a bull flag, or the stochastics could imbed in theoversold area while price continues to fall. I would wait to see if price closes above the 13 MA (shown).

flewis777

Bulls and bears want (IMO) a retrace up to 2050. Bears want to go short at a higher price and bulls want to break through the high from earlier this month. I will be glued to the 30 min and 5 min charts looking for longs.

flewis777

MHR: Magnum Hunter Resources: RSi and MACD positive divergences and MACD > 0 on rising volume make this an interesting play as the Saudi situation fuels speculation on a possible rise in oil prices.

flewis777

Biggest Forex broker in North America only took a few hours to get a loan and get back in the game after Swiss Forex mess.

flewis777

Looking at where the weekly low was when MACD crossed negative and seeing how many points later the YM finally hit bottom, we get some consistency, and an average of -588 points left before the bottom is reached. It's like a submarine that suddenly fills it's ballast tanks, weighing it down (MACD crossing neg) and trying to figure how deep it will sink.......

flewis777

Price is looking for support and will likely find it at the 200MA or one of the pivots S1 - S3. Look for heavy volume to signal possible selling climax.

flewis777

Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).

flewis777

I am watching the MACD to cross positive and to enter as close to a Support area as possible.

flewis777

Previous tests of this level were rejected. FED Reserve has said they don't want the dollar to go too high. I believe a shorting opportunity may be near.

flewis777

Climactic widening of MACD spread and steepening of angle up/down can signal significant reversal is near: When blue line turns, look for a trade !!

flewis777

3 simple rules and you are set. Try to get your entries close to the 20 SMA. If markets are not moving much try this on other markets, maybe stocks.

flewis777

Monthly chart shows Support tested and holding around 0.7750. Stochastics both 14,4,4 and 40,4,4 oversold together and rounding up.

flewis777

Positive MACD divergence, bullish engulfing bar, Renko printing a green brick 3-9 MA crossing positive.

flewis777

On weekly candle chart 3-9 SMA cross just happened. So I took a look at the Renko chart and I think price is being drawn back to the FIB clusters (blue lines). Shown here is the Daily chart.

flewis777

Huge volume price spike followed by consolidation and now a breakout (maybe :) )