Hi all, my new laptop with windows is fully setup now. I think. Getting use to it. Thing is as soon as you get used to something it changes! Such is the world.
Argustuft, I have included Spain this week. I doubt that my rot will be of much interest to you. I watch day candles with a view to multi-day trend trades. You 5 min candles on day trades. Good to have you aboard. Please post some of your trades, even after the fact. I would be interested.
ASX @ 5449 (change on week +28) The Russia/Ukraine business resulted in a small but tradable dip, if you were quick enough. (I did my $)It is back steady on EMA10 up-trend. MACD flat near zero, RSI flat also ~60. It has had trouble breaking through res at this level. Held up by good ann such as balance of payments, housing starts etc.
FTSE@6736. Hi all, my new laptop with windows is fully setup now. I think. Getting use to it. Thing is as soon as you get used to something it changes! Such is the world.
Argustuft, I have included Spain this week. I doubt that my rot will be of much interest to you. I watch day candles with a view to multi-day trend trades. You 5 min candles on day trades. Good to have you aboard. Please post some of your trades, even after the fact. I would be interested.
ASX @ 5449 (change on week +28) The Russia/Ukraine business resulted in a small but tradable dip, if you were quick enough. (I did my $)It is back steady on EMA10 up-trend. MACD flat near zero, RSI flat also ~60. It has had trouble breaking through res at this level. Held up by good ann such as balance of payments, housing starts etc.
FTSE@6736. (change on week -74) Similar Russia dip and recovery BUT has slid since. This is looking a SHORT. Closed on EMA 30 after trading lower. Small red candles last 4 days seen it slide through the EMA lines. MACD crossed down. RSI falling. 49 from 62. It was almost 70 2 weeks ago. There has been heavy res 6800/6850 and unable to break.
Germany DAX@9393. (change on week -263) It had the dip and bounce early in week and similar to FTSE has then slid. All indicators pointing down, even more so than FTSE. This looks a short, but it is at a level of recent support.
DOW@16446 (change on week+104) I said last week "you cannot keep this down with a brick" Little dip, long bottom candle, but keeps on way up. Above EMA10 up-trend line. MACD on up and RSI steady in low 60's. There is strong recent res at 16500. This could be tested.
China 50@6524. (change on week +50) This one walks to the beat of a different drum. Fairly flat all week. Still under EMA30, good support at this level. For me a short, but I will not trade it.
Japan@15309. (change on week +381). A lot to like here. You could just about re-read last week's post here. All indicators are up. I wrote " I will not trade this trend but it looks a long"!
Spain35 @10208. Argustuft is this the same as Spain IBEX? I know zero FA on Spain economy but here goes on the chart. I see why you are attracted to this one. It has yo-yo'ed for 4 weeks on a gentle up-trend. Currently off top yo! Bottom yo would see it back to 10000. One thing I see here that makes it "easier" to trade is that it may day range 100 often but generally has small wicks. i.e. less chance of whip-saw. So I suppose I say it looks a short!
