Friday, 20 May 2016

Anatomy of a Reaction Line. EURUSD

Understanding the pivotal relationships that exisit between past and future:
This is the same chart i posted a few days ago
 Here are the pivots labeled
 Here is the current RL
 Here are others that show correlation with price

Friday, 13 May 2016

Charts of interest (Technically speaking). Coffee, Emini S&P,Aussie$ and EURUSD

I think that's an charts are technical price data representation systems of our own creation and are 2D (price x time). There are other dimensions that are missing. I have written on this subject but here are some ideas:

As i have a few spare minutes before i knock off for the weekend..Here is the emini S&P setup today: It really doesnt have to be difficult as long as you know what you are looking for. I use several methods for confirmation but all are lagging to some extent and at the end of the day you simply have to press the button and fire. Understand the visual representation system and the reaction line effect seen here in June ES and also above in my whopping Coffee entry above and you can work your setups in 60 Min & 240 Min with tight-ish stops.Of course you will get false breakouts-so what you stopped out and can live with it.