Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (83440)	1/11/2024 11:29:08 AM
From: skier31	2 Recommendations Recommended By ajtj99 catou1 Read Replies (1) \| Respond to of 97642

TSLA has the same Bullish Shark on the 1 hour, 2hour, and 3 hour. Here are the 1 hour and daily charts. Notice the T2 from the bearish Bat and the HOP of the bullish Shark.

To: Sun Tzu who wrote (83440)	1/11/2024 11:37:35 AM
From: Qone0	Read Replies (2) \| Respond to of 97642

I can only change time frames by the number of sessions. So that will take some trial and error for bigger time frames. So you are looking back to previous levels for targets? Which line is the highest volume?

To: Sun Tzu who wrote (83440)	1/11/2024 1:26:12 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97642

My last tutorial on how this system works. Below is the 5 min chart of TSLA. It shows a lot of aspects clearly. (1) Firstly and most talked about, the red/green lines are your inflections points, if and only if the momentum cooperates and they are flat. (2) About 10% - 20% of the times the stock just cuts through red/green lines before they turn flat. But that is not something to hang your trade on. So don't go against the trend of red/green lines. (3) The bottom indicator is my version of RSI. But you can use regular RSI too. The first two are immediate term and the 2nd pair are longer term. The first in each set is absolute and the 2nd is context sensitive. So the 4 indicators show the near and longer term pictures from different points of view. (5) The point I want to illustrate here is how the blue line can tip the balance and provide additional context. The blue line is the median position of the order flow. At the tops (see the first two highlighted bars), the median is closer to the red line than the green. So when you see a bounce off of the red line and you see the momentum in the bottom panel waning, then it is worthwhile to sell. At the bottoms the opposite happens. The blue line gets closer to the green and the stock gets oversold and eventually breaks upwards. What the chart is showing is that TSLA may be about to form a bottom (within the 5 minute bar's scope, of course). I don't know yet if it is, or if it will keep falling. But a short term bottoming pattern is forming: The blue line is getting close to the green line. It will likely bounce around here until the red line approaches the price. Then the price will rise to the red line, surpassing the blue. At that time you want to pay attention to what the whole pattern/structure looks like and what the RSI is telling you. You will take a chance with a tight stop. Sometimes I make my stop bigger in size than my position so that I automatically switch from long to short or vice versa. OK, now I'm really done. Happy trading!