The rising daily trends are held up by the rising 8 MA. Not until the eight close from the current bar is above current price a turn down of this 8 MA can occur. That is far off in all the charts.
However what I am looking for are mainly two other indicators in the 2 hour charts. Number one, how is the 21 MA doing. Is it steady on upside or is there a chance for it to plan out or even turn down. The second and most important is how does the 8 MA's hang together right now. The first thing that must happen is that they have a possibility to make the 8 MA turn down with steep power soon or in let say 6 hours which is easy to see. Now for instance DAX 2 hr closes, the six latest of them are around the top. If the situation occurs that this 8 MA suddenly dives it does not matter what the 21 MA is doing if a cross can come and the price continue down. As soon as the 21 MA turns down on this pressure as well we have a 2 hour sell signal that can start an attack on the daily rising 8 MA.
My enemies are the robots which see the situation as I do and they can destroy my plan if there is just one minute left - and they do. But there are independent robot gangs that wants a trend turn down but they are in definite minority right now. The super robots decide the trend and not until Obama or whoever is in charge say change, it will continue. DOW, SP500, FTSE and DAX is no place for 99 percent of the you and me traders because they know every trick there is and will go straight through the technical situation. This is what makes me tick. I want to beat them or know what the super robots will do.
Complicated.....I hope to be in place to tell you but I have to sleep now and then so there is nothing I can promise.
However what I am looking for are mainly two other indicators in the 2 hour charts. Number one, how is the 21 MA doing. Is it steady on upside or is there a chance for it to plan out or even turn down. The second and most important is how does the 8 MA's hang together right now. The first thing that must happen is that they have a possibility to make the 8 MA turn down with steep power soon or in let say 6 hours which is easy to see. Now for instance DAX 2 hr closes, the six latest of them are around the top. If the situation occurs that this 8 MA suddenly dives it does not matter what the 21 MA is doing if a cross can come and the price continue down. As soon as the 21 MA turns down on this pressure as well we have a 2 hour sell signal that can start an attack on the daily rising 8 MA.
My enemies are the robots which see the situation as I do and they can destroy my plan if there is just one minute left - and they do. But there are independent robot gangs that wants a trend turn down but they are in definite minority right now. The super robots decide the trend and not until Obama or whoever is in charge say change, it will continue. DOW, SP500, FTSE and DAX is no place for 99 percent of the you and me traders because they know every trick there is and will go straight through the technical situation. This is what makes me tick. I want to beat them or know what the super robots will do.
Complicated.....I hope to be in place to tell you but I have to sleep now and then so there is nothing I can promise.
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