YM, ES and DJIA Analysis - Page 33 - Traders Laboratory | Thread profile

I've been following along with this thread for quite some time and just thought i would throw in my EXTREMELY noob analysis for the ES. This chart covers the last 5 days with 15 minute candle be gentle

Quote: NeoTrader I've been following along with this thread for quite some time and just thought i would throw in my EXTREMELY noob analysis for the ES. This chart covers the last 5 days with 15 minute candle be gentle Not bad Neo! Welcome aboard the CC Train....

Thank you! Looks like its on the way back up now. These boards really are invaluable for knowledge. Have learned volumes here.

I'm not a 'candlestick' trader, in the sense that I trade off candlestick patterns. But sometimes they help me show the effects of buying or selling pressure more visually. This is a bar chart I posted yesterday (in the traders log forum), where I mentioned that the action was a warning signal more downside could be imminent. Daily bar chart from YM: Chart shows the rejection and ...

Quote: Chart shows the rejection and failure to make a new high. You answered your own question But to more extent of your question, it does show that sellers came and rejected the price. In your second circle, you see a doji, then an "inverted hammer". Basically what that is ...

FW - welcome to the thread. I like your analysis there and think that some basic candlestick analysis would actually just reinforce the trade you are looking at. While it may not be your prior method, there was a few things working with you from a candlestick perspective. Here's how I see it: In the chart below, we see a bigger view of the YM and some support/resistance areas:...

Quote: brownsfan019 FW - welcome to the thread. I like your analysis there and think that some basic candlestick analysis would actually just reinforce the trade you are looking at. While it may not be your prior method, there was a few things working with you from a candlestick perspective....

For a while this thread was the only reason I came over to TL. I got that little e-mail everyday and that's what got me here. Now I feel like I'm only on TL to joke around. A friend of mine was perplexed about the ES moving down today. I wasn't too surprised, but my reasoning sucked. My reasoning was the spinning top from several sessions ago was the signal to go long, and then price hit ...

Quote: james_gsx For a while this thread was the only reason I came over to TL. I got that little e-mail everyday and that's what got me here. Now I feel like I'm only on TL to joke around. A friend of mine was perplexed about the ES moving down today. I wasn't too surprised, but my reasoning sucked. My reasoning ...

Quote: james_gsx So aside from personal experience and seeing this setup before, I wasn't really sure what to tell him. Any ideas? The 8 EMA also displayed resistance, but that's not exactly the best reason either. (I know this is the Candlestick thread, but I'm ...