Will not post for awhile. I am still in LC/B and BHI and CHF. Good luck on your trades.
Will update my programs for a better trading.
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Tuesday, August 30, 2011
From My Diary
Another Green Signal
How timely could that be.
Funny this Hapons, when they asked for forgiveness, they bow a hundred times from your table to the door and I have to acknowledge by bowing a hundred times too, distracting me from my trading.
:-)
How I Timed USD/CHF
August 9 was the crucial time for USD CHF short side. I was short on these since June 2011.
Last August 9, (maybe was lucky) I saw massive buying in 1 minute, 1 hour, in which it has not happen before. It means, it time to get busy. ( Like the DJIA 1 minute chart which I posted before)
When, up trend was confirmed, I was long USD CHF during the sideway period last August 15 and bought additional long positions yesterday until I have no more funds left. Oh my, what a gambler.
That is an immediate signal. All during the progress of the move it had nothing but natural and normal reactions. Then all of a sudden and abnormal reaction occurs-and by “abnormal” I mean a reaction in one day of six or more points from extreme price made in that same day-something it has not done before, and when something happens abnormally stock market wise, it is a flashing you a danger signal which must not be ignored. Livermore
5 Day Dow and Gold Hourly Chart
Gold Leading Indicator?? Gold Bottom last Thrusday while Dow bottom on Friday's closed
Monday, August 29, 2011
The Art of Tape Reading 2, looking back at March 2009 bottom
Volume increases at the bottom March 2009, just look at the volume this week, it is the most significant since 2009.
. When it resumes its advance again in a few days, you will notice that the volume of sales at that time is not nearly as large as it was in the beginning of the move. The stock is becoming harder to buy. Livermore
Fractals??? High volume at the bottom.
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