Weekend blah!
Went over some charts just to see what's going on in other markets... Banks bullish and looks like the 70ema works well as S/R; Brokers held above their ema; but the Euro and Gold are falling off a ledge on the daily while ema is acting as resistance... I see more downside there based on daily charts. How about the W pattern on 30yr bonds weekly? Seems more upside and rates going further down... Regarding stock indices, I'd have preferred if the move up again was kind of slower - need to keep an eye on whether this is just a fake move up or will backfill and have a nice cnsld before taking off...
dbq's 6bo on euro chart looks very interesting and might warrant some backtesting. Also the 30m 2bo morning trade has potential: After eyeballing it, it gave since beginning of 2005 10/10 stat. Now need to figure out exits and stops, but looks like it'll be an auto just to simplify. The rules on this setup have slightly changed with entering on bo of 2nd bar -or+ 1 tick depending on direction.
Thought of the day: I like how the room is interacting and coming up w/new ideas: a nice example is dbq's application of 6b0 on euro. Now off to do some house chores and other stuff.
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