Week in RetroSpect 10-14 Sep 2012

The above setup is my main trading setup... This is where I can watch price action on multiple time frames on one chart...

It provides great insight to LiS if you just place a mental LiS on the chart you can see if you are going in the correct direction, however for the purposes of my trading I like to enter in the direction of the Daily / Weekly candle the RED Daily Opens and Yellow Weekly Opens keep me on track and worked wonders this week.

Here we have the same Long Term 50X1 PNF chart that I have been working off of this whole year pretty much... You can see how price has played nicely between the channels - With a market breakout on very High Bullish Volume after ECB and Bernanke finally gave the market what they were after... An unsustainable supply of liquidity to help make the rich richer and the savers and cash holders poorer through inflation... Oh well... At least Gold and Silver went super nova and I have hedged myself in that regard ;-)

Follow the 3CC Momentum in the Daily+ Chart combined with Mighty Zones and Body Closes over or under a LiS will show the way... (remember current candle is illusion *Especially when trading into Demand or Supply)

The Bigger Picture HUGE 2 MONTH RALLY off Yearly Lows... Crossed Back into Green on the yearly candle this last week...

Again... looking to keep an entry on the opposite end of price in relation to the weekly / Monthly Opens...

10x2 PNF chart showing HUGE MOMO (Draghi) off the Monthly Open...

Wickless (Dotted) H1 3XCC 9CC Chart... More of the same confirmation sought... Closing over or under a LiS

Watching these previous tops for Demand in the coming weeks...

Week in motion M15 CC

Live EURUSD chart support for DropBox

So for those who wish to take my charts on the road with them I have started a service that exports an array of charts to DropBox in real time (1minute refresh)
These charts are for traders who have to step out for a while and require a live feed of EURUSD action (with more to come)
To gain access to this service, kindly Private Message me and I will add you on to the shared folder in DropBox.
This service will work on any smart phone which has access to the DropBox mobile app.
To reach me, send me a PM on twitter @jalarupa


http://db.tt/d4npaUws

This Link should be REALTIME and give you an idea of how the service opperates.

When you have access to the shared DropBox folder you will get up to the minute updates on the EURUSD as it happnes according to anaylsis done by this Blog (eventually)

So I'm looking forward to hearing from you.

@Jalarupa

Correction Open Dynamics

So I'm away from home this weekend and I'm trying out something new...
This post comes to you via my Android Mobile Device.
I hope it looks good... hey at least my spelling will improve

***EDIT***

I pulled the earlier chart because it was not allowing a good view...

Noted that charts published via mobile are not of required quality.

16.07.2012 - Sydney Open (EURUSD)

25.06.2012 - Sydney Open (EURUSD)

04.06.2012 - Sydney Open (EURUSD)

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28.05.2012 - Sydney Open (EURUSD)

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21.05.2012 - Sydney Open (EURUSD)

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Usual Monday Morning Analysis Postponed

Dear Reader,

I would like to say thanks for checking in today, however please come back tomorrow as I want to wait for the Monday's movement to occur and then I will do my weekly analysis.

Things look very bearish at the moment and it is often here where the bulls attack with force...

Will keep you updated, pleas do come back ;-)

Jal

07.05.2012 - Sydney Open (SPX)

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07.05.2012 - Sydney Open (EURUSD)

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No Analysis This week

Hi,

There will be no analysis done this week as I am on Holiday ;-)

Remember this week is Non-Farms Payroll Week.

Should be interesting

Happy Trading

23.04.2012 - Sydney Open (EURUSD)

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16.04.2012 - Sydney Open (EURUSD)

 

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Donations for my work

Okay, 


So if you like my blog and its helping you in your trading...

Perhaps you would like to say thank you, but don't know how to best...


Well, you can buy me a drink or some nappies for my baby girl by clicking below

This blog will remain free and the donation is just there as a tool for me to see if there is anyone out there that is directly benefiting from my work.


Thank you for your time and support, please become a follower and refer friends and fellow traders to this blog.

10.04.2012 -Sydney Open (EURUSD)

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Please excuse the silence

Dear Readers and Followers,

Please accept my apologies for not updating this blog for the past two weeks.

I decided to stay on for another week in Mauritius and will not be posting again until next week.

I look forward to getting back into the swing of things again when I return.

Cheers,

05.03.2012 - Sydney Open (EURUSD)

 

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This Blog Supports Smart Phones

Just a quick reminder that the Investor Think Tank supports Android, Windows Mobile and Iphone Technology... and it looks purdy as well!


Great for pinch zooming the charts for a better look while on the run.


You can access it via your Mobile Phones Browser.

26.02.2012 - Sydney Open (SPX500)

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26.02.2012 - Sydney Open (EURUSD)

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No SPX 500 Analysis Tonight

Due to unforeseen time constraints I will not be posting a SPX500 analysis tonight along with the EURUSD that just went live...

I will however commit to doing one and possibly having a similar look at commodities in the week, so please do come back or become a follower and get the updates as they happen.

20.02.2012 - Sydney Open (EURUSD)

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13.02.2012 - Sydney Open (EURUSD)

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13.02.2012 - Sydney Open (SPX)

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Fibonacci Waves as Lines in the Sand

*click on chart for full resolution* 

Above we show Fibonacci drawn from the Open Top of a Wave to the Close Bottom of a Wave...

It is worth of note that one can get very creative in the assimilation of waves and drawing them from different areas will yield varied results... however the results seem to be very similar in terms of their location...

Thus Line in the Sand (LiS) Zones are created...

Drawing the Fibonacci from the highs to the lows of the waves...

*click on chart for full resolution*

If drawn from the Highest High to the Lowest Low of a Wave we get a similar result, albeit not as accurate as the previous example... still nonetheless a bunch of LiS zones have been created and it is up to the analyst's discretion...

What about something in between...?

*click on chart for full resolution*

Next we get a little technical and introduce the Neely Method of drawing Fibonacci, which is to take the Highest High Midpoint of a Wave and the Lowest Low Midpoint of the Wave in a specific time frame and use that as the grounds for drawing your Fibonacci.

What we find gets created is a much more accurate representation of LiS than by just taking the Fibonacci from the Highest High and Lowest Low of a Wave...

The above chart uses the 3CC to make an assumption which gets a very accurate supply confirmation at 75%

The same can and will be done using the TRO_MID (TheRumpledOne) indicator, which draws the Midpoint for every candle on the chart (this can get a little cluttered but makes for an easy to find extreme dot on the wave you wish to study).

Marking up a Chart with LiS

*click on chart for full resolution* 

Above we see a lot of lines drawn on a chart...

These lines are just guesses of certain price levels where demand will over power supply or vice versa...

These Lines in the Sand were drawn using 3CC (3 Custom Candle) turn around points near or at extreme levels... 

But what about the extremes themselves...?

*click on chart for full resolution* 

Here we see the effect of plotting lines on extremes...

Extreme's are great because often price will cross a extreme LiS but will not close beyond it... If this happens then we can almost say that price has been supported or resisted...

Also if price doesn't breach an extreme we could also say that because it isn't making a lower low or higher high that it will continue to move in the trend direction...

These methods are largely due to the work and guidance from a trader by the name of MightyOne who can be found at www.kreslik.com as well www.insanityindustries.net

Getting to grips with the Charts

*click on chart for full resolution* 

Above we see a relatively Naked Chart of the S&P 500 Index...

Naked for the reason that there are no indicators on the chart, except for the 3CC indicator which is a candle drawing indicator...

The purpose of this is so that the analyst can focus on that which is important...

"PRICE"

Think about it... Price is the determining factor for all markets...

In a Bull Market, price goes up... But it can only go up as long at there is a Demand for higher prices...

Once that Demand has been exhausted, then we experience a excess in supply, as there are now no more people willing to pay premium prices for a stock or commodity... So then the with the drop in demand, so to is there a drop in price and we will see a correction towards a price where demand is high enough to drive prices higher again...

The inverse is true also for Supply...

If a company has a higher supply of a certain product then they are willing to sell those goods at a lower price, until the price gets so low that the excess supply gets eaten up by the consumer and then we have a return to equilibrium.

This is called the law of Demand...

What about if we just wanted to see Price on a chart...?

*click on chart for full resolution* 

So this question can be answered by creating a Point and Figure Chart...

Traditionally a very difficult chart to plot as it requires a lot of work... But fortunately there is a indicator at www.insanityindustries.net that does it for you!

The PnF chart is great because it cuts out most of the useless ranging that can go on in any market, but more so the PnF chart is great for the simple reason that it makes spotting potential Support and Resistance levels a breeze...

BUT... Surely TIME is also important...!?

*click on chart for full resolution* 

Yes we can't discount the importance of TIME as a means to establish Supply and Demand... After all, when the department stores raise the prices back to original price once the 25% sale has passed, what happens to the amount of stock sold... It lessens greatly... so by that rationale the same can be said for the market...

The Open Price is where a lot of deals are made and it is for this reason that it is a formidable support or resistance line...

TheRumpledOne from www.kreslik.com knows this and uses this logic to create a awesome little indicator called TRO_OPENS and if you just have a look at the chart... it really does work...

Think about it... If you take something like the average range of the last 10 daily / weekly / monthly candles, you could pretty much be certain of a similar reward IF you waited that long AND were on the right side of the market...

Fresh Start

So I took a little sabbatical from the blog, but I believe in the interest of growing something meaningful to myself in terms of a record of happenings for the year 2012 and beyond... I thought I would throw out the old model and build on a new model...

A model that will require a certain amount of homework on the readers part...

Less is more, and the old blog felt cluttered...

So here it is... The launch of a new Investor Think Tank online

I hope that it may give some insight and value to those who are reading it.