Advanced Charting Methods & Ideas

[JJordan]

Trends, Continuation/ Sentiment

Friday's continuation pattern was very ominous. I was
hoping for the best, but sentiment wins out.
Previous charts shows bearish patterns outlined.
We are now at these key levels.

The patterns were clear as sentiment changed.



Things turn out best for the people who make the best of the way things turn out.
- Art Linkletter

..............To have more, desire less.

Trade wisely!
~j

[JJordan]

Clear View Daily-on cluttered chart

.......talk about perspectives. Here's your "Rounded Top"
We've been talking about.

120min view


He became what we are that He might make us what He is.
- Athanasius (speaking of Jesus of Nazareth)
~j

[JJordan]

Intraday charts

I like using a 2min chart however, I can show you more using 5min<g> Extra wide

The bearish sentimment.

[JJordan]

Stronger Global Economy Coming

Resilient markets are bullish markets!

Trading with the Dow ....I mean 40ma


Damn Bears...I mean Bulls?<g>

You are not a fool just because you have done something foolish
- only if the folly of it escapes you.

CORV is oversold.....that sure is escaping the market?<g>

[jerryo]

JJ is that a pasta cooking? <vbg>

my eyes are too old and squnity to read that.....lol

[JJordan]

Seeing is Believing?

OJ,

There are no hopeless situations; there are only people who have grown hopeless about them.

What good is seeing if one has no feelings?

Rejoice!

The best thing about the future is that it comes only one day at a time.

......the blind shall see and the lame shall walk!

~j.............><>

BTW;
If all but myself were blind, I should want neither a fine house nor fine furniture.
- Benjamin Franklin He didn't say: "nor pasta charts"<g>

[JJordan]

Where are we? Where are we going?

Taking a close look at Jeff's Daily chart.....



We just experienced a bullish retracement if we succeed in reversing here.
...the 2hr chart looks great.


If you can find a path with no obstacles, it probably doesn't lead anywhere.

Trade wisely.

~j

[soylent]

Jerry / Jeff --

Interesting chart pattern. I just noticed it looks like a pot / ladle. Call it the JJ Spaghetti trade.


Jeff -- That Bollinger Band RSI looks really interesting...

What are your criteria for drawing the WATCH circles? A bounce of a previous band or the 20-line? (I assume it's a 20period ma on the centerline?) 2 std deviations? How do you know when it's relevant? Like on 2/23 it bounced off the bottom band twice but you don't have a watch on the 20 line / 50% area?

Just wondering if you have a set of rules you follow.

Have you read Bollinger on Bollinger bands? If so, worth reading?

Thanks!

-c

[JJordan]

RSI w/bands study

Hi Soylent,

I basically use the RSI any interval, I like lengths 4,14,or 20.
The basic concept is, where is the Price moving in relation to the 50.
Or is the RSI above or below 50.

The BB's and MA are just extra's.....I discussed bollinger's in
previous posts. Yes, the centerline is usually 20ma.
You may have noticed I don't usually use BB's or the 20ma
in my trading. 3,-3ma, 9ma, 40ma, 200ma are my std. tools.

That said, The BB centerline(20ma) is generally minor support/resistance in a swing.
When I'm drawing circles you are to be looking for crossovers or failures to crossover.


..........comprende?

The work will teach you how to do it.

Good Trading,
~j

RSI w/bands.efs

[soylent]

Thanks -- I downloaded the EFS.

It has a nice feel to it. I've always liked RSI

Thanks again,

-c

[JJordan]

Trends, Pattern Recognition- Reversals

Come-on baby, let's see a reversal.


low interest rates......industrial economy picking up....

We choose to go to the moon, not because it's
easy but because it's hard.

[MR]

Re: Trends, Pattern Recognition- Reversals

Hey JJ... on a different note.... did u know Buzz Aldrin's mom's maiden name was Moon? (Buzz was the second man to walk on moon, 1st man was from Ohio ). Learned it last night in trivia book. -Marc

Originally posted by JJordan
We choose to go to the moon, not because it's
easy but because it's hard.

[JJordan]

Stuff Happens- Famous saying in Texas!&lt;g&gt;

......Some stocks are oversold IMO,




Rock on!

~j

[JJordan]

Oil. Chart still of Interest

Watch the drillers this year.

[jerryo]

Re: Seeing is Believing?

Originally posted by JJordan
OJ,

There are no hopeless situations; there are only people who have grown hopeless about them.

What good is seeing if one has no feelings?

Rejoice!

The best thing about the future is that it comes only one day at a time.

......the blind shall see and the lame shall walk!

~j.............><>

BTW;
If all but myself were blind, I should want neither a fine house nor fine furniture.
- Benjamin Franklin He didn't say: "nor pasta charts"<g>

Morning JJ

pontificating?<G>

just did not understand all those lines...my mantra is to keep as simple as possible for "stupid" people like me..i like less is better than more.

i always traded with the least amount of indicators because most of them are redundant...

i really like that CCI(20) on my default charts along with volume and ADX...thats my whole chart except for some mva's...

to difficult for me to look at more than that, and thats really all i need. heck it works for me...

hope your doing well