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Trembling Hand

Trembling Hand

Can be found on the bid
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Ok fellow punters as much analysis as you want. If this was a stock what do you think? Is it bullish? Bearish? Indifferent to its future?

Can you see a trading opportunity given a certain move? What would invalidate that trade?

Does it look like any stock or instrument that you recognise?

Here is the charts,

Daily
Bullish1.gif

Weekly
Bullish2.gif

Monthly
Bullish3.gif
 
It's some instrument tracking the XAO.

It goes against instinct/gut to enter at an area which one would perceive it to be over bought, but that doesn't necessarily mean that's right. No obvious signs of weakness so far so it should continue higher with the momentum it currently has.

I'm long but will exit quickly around resistance on any sign of a pullback

Given the impulsiveness of this move any pull back should be short lived and that would be a good time to load up again.
 
Nice work Sammy, I'll let it run a few days and hopefully get some more input before I reveal the secret instrument.
 
I think its the continuous SPI contract including ETH. Its bullish, but pulling back. An opportunity may present at 4800 to enter long again.

CanOz
 
I'm gonna guess the ETF tracker divided by 2 as the instrument. STW I think it is. It was 40 odd a few months back from memory so the numbers fit pretty well if you halved it for some reason.

I still think buy side strong side for now but there looks to be some strong resistance on the monthly.

Agree with most that I'd be looking to enter long on a pullback
 
Holy crap look at the tails on that thing. Some kind of a intra-fader's wet dream. It doesnt have a staggered opened so it doesnt seem like an Au or asian or Uk index, but volume suggests it is some kind of index

As for analysis:

She'll be right
Go buy it and ride that trend!

Besides, any sort of selloff will take a while to consolidate before that bullish move can roll over.

Edit: Can't be the SPI, Jan 11 didnt push pash Jan 10
 
Hindsight is the go (LOL) of course but,

On the monthly 2100 was a break on which to take a position. If it can go to 2400 we could add to it. However there is resistance in between this area so needs to be watched.

A new high area would be another add on but the 3000 area the one to be ready to run (ie get out). It is interesting that when something reaches for a new goal the round numbers are like a magnet but the real money will drop it just below.

But a hold on original buy in ATM.

:2twocents
 
IFocus said:
Seen them before, getting old cannot remember where some sort of range bars?
Click to expand...

Yeah, you guys are thinking they're Heiken Ashi bars....They look like that on the weekly and monthly, but the daily must be created from an instrument that trades Extended Trading Hours.

:confused:

CanOz
 
Ok
I reckon its a candlestick chart of some sort of volume traded at a price for the XJO.
Futures related some how.
 
tech/a said:
Ok
I reckon its a candlestick chart of some sort of volume traded at a price for the XJO.
Futures related some how.
Click to expand...

tech, have a look at the monthly, Jan 11 pushed past Jan 10 (which it didnt), so it can't be the SPI

Monthly looks like Taiwan, but not short term.

I do think price has been edited somehow
 
I have no idea what it is, but i know i would be buying it in June and July and want to be selling now...probebly would of already sold.
 

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