Comments on: Levels to Watch on the Dow Jones Nov 3 http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ????????????? Forex ??????????? ??? Bollingerband ??? Stochastic | ????????????? Forex http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-211160 ????????????? Forex ??????????? ??? Bollingerband ??? Stochastic | ????????????? Forex Fri, 06 Nov 2009 03:48:30 +0000 http://blog.afraidtotrade.com/?p=4874#comment-211160 [...] Levels to Watch on the Dow Jones Nov 3 | Afraid to Trade.com Blog [...] [...] Levels to Watch on the Dow Jones Nov 3 | Afraid to Trade.com Blog [...]

]]> By: Dan de Man http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212772 Dan de Man Thu, 05 Nov 2009 00:56:25 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212772 Yah, thats pretty wild all right. Golden rule learned a long time a go, don't trade against the feds. But if all gos well we will close above the 10 day ema. Yah, thats pretty wild all right. Golden rule learned a long time a go, don't trade against the feds. But if all gos well we will close above the 10 day ema.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212771 Corey Rosenbloom, CMT Thu, 05 Nov 2009 00:46:45 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212771 Wow - definitely.<br><br>I'm not trading that until we settle down. Reminds me why Fed announcements are only for those who love and embrace risk. Look at the 1-min chart of the SPY or other index - wow. Wow – definitely.

I'm not trading that until we settle down. Reminds me why Fed announcements are only for those who love and embrace risk. Look at the 1-min chart of the SPY or other index – wow.

]]> By: Dan de Man http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212770 Dan de Man Thu, 05 Nov 2009 00:41:04 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212770 Wow that was a pretty wild last half an hour. It's going to be an exciting close! Wow that was a pretty wild last half an hour. It's going to be an exciting close!

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212774 Corey Rosenbloom, CMT Wed, 04 Nov 2009 21:34:22 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212774 Oil continues to surprise - it was in a range for the last few months and then - like gold - it broke out of its consolidation pattern (gold broke above a triangle) and now we're having the potential range expansion moves to the upside. These are bullish as long as prices remain above the breakout levels. Oil continues to surprise – it was in a range for the last few months and then – like gold – it broke out of its consolidation pattern (gold broke above a triangle) and now we're having the potential range expansion moves to the upside. These are bullish as long as prices remain above the breakout levels.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212775 Corey Rosenbloom, CMT Wed, 04 Nov 2009 21:24:25 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212775 Hey Dominick!<br><br>A great question but not an easy one to answer.<br><br>The best answer is to use both, as both can give signals.<br><br>On a log chart, rising (up) trendlines will break SOONER than on arithmetic charts and falling (down) trendlines will break LATER than on arithmetic charts because of the way price compresses at the lower levels.<br><br>It won't make a difference on shorter scales, but the log differential increases the longer you look back and - more importantly - how much price changes during that time. Hey Dominick!

A great question but not an easy one to answer.

The best answer is to use both, as both can give signals.

On a log chart, rising (up) trendlines will break SOONER than on arithmetic charts and falling (down) trendlines will break LATER than on arithmetic charts because of the way price compresses at the lower levels.

It won't make a difference on shorter scales, but the log differential increases the longer you look back and – more importantly – how much price changes during that time.

]]> By: Dan de Man http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-212773 Dan de Man Wed, 04 Nov 2009 21:08:48 +0000 http://blog.afraidtotrade.com/?p=4874#comment-212773 Sorry to get off topic Corey but we have bullish touch on oil on the 3 10. And it's broken out of the bullish falling wedge!<br><br>All the best,<br>Dan Sorry to get off topic Corey but we have bullish touch on oil on the 3 10. And it's broken out of the bullish falling wedge!

All the best,
Dan

]]> By: Dan de Man http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-211120 Dan de Man Wed, 04 Nov 2009 18:56:25 +0000 http://blog.afraidtotrade.com/?p=4874#comment-211120 Yah, thats pretty wild all right. Golden rule learned a long time a go, don't trade against the feds. But if all gos well we will close above the 10 day ema. Yah, thats pretty wild all right. Golden rule learned a long time a go, don't trade against the feds. But if all gos well we will close above the 10 day ema.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-211119 Corey Rosenbloom, CMT Wed, 04 Nov 2009 18:46:45 +0000 http://blog.afraidtotrade.com/?p=4874#comment-211119 Wow - definitely.<br><br>I'm not trading that until we settle down. Reminds me why Fed announcements are only for those who love and embrace risk. Look at the 1-min chart of the SPY or other index - wow. Wow – definitely.

I'm not trading that until we settle down. Reminds me why Fed announcements are only for those who love and embrace risk. Look at the 1-min chart of the SPY or other index – wow.

]]> By: Dan de Man http://blog.afraidtotrade.com/levels-to-watch-on-the-dow-jones-nov-3/comment-page-1/#comment-211118 Dan de Man Wed, 04 Nov 2009 18:41:04 +0000 http://blog.afraidtotrade.com/?p=4874#comment-211118 Wow that was a pretty wild last half an hour. It's going to be an exciting close! Wow that was a pretty wild last half an hour. It's going to be an exciting close!

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