Hi Mitta - Don't want anyone accusing me of copying
so DCG - no go for long trade - 3rd bar looks like low supply test of our selling climax 1st bar - (is that another one on the end there) and price does go up but 4th bar is no demand followed by hidden up thrust. No long, though I may have been tempted on the 3rd bar (risky) but I'd have to exit on the 4th.
DJS - no go for long, I'm wanting it to clear the volume bar on the drop down (1st bar) - but the fifth bar is a no demand/up thrust (into the bottom of the 1st bar) and then 8th bar is another no demand/hidden upthrust - 1,2,3 go short if I was watching. Though probably only the intraday because I think it might be a bit oversold and I might be pushing it.
HVN - July 18th we have a no supply/test (except what are we testing?) followed by price going up on slightly more volume - normally very nice for a long trade if its testing a high volume bar below us (ie background strength) but no go for a long for me there (even though it would have worked out very temporarily) because we have no background strength behind us and lots of weakness ie we are in a downtrend - I would be very tempted to go short on the high volume hidden upthrust on the 22nd that tags the gap above us.
MYR - Again I'd be looking for price to clear the high volume bar on the 14th or at least the 15th and then come back and test on light volume to go long - so no long. There is though a tempting long on the 21st where we get a low supply narrow bar testing the volume on the 19th so maybe a day trade the next day - but the real bad boys volume wise are still above - but if I saw the test on the 21st happen ABOVE the bar on 14th I'd be looking for my entry just above the test bar so I'm getting filled as the strength is being confirmed.
Now I've made you go look at all those charts again haven't I.
This is a trick question right - no longs? Or is it just me with no gold star?
