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# 2548 " The MW stochastic continues it's push into Over Bought territory and looks to be turning but the White ma of the K Val will usually be closer to the Green K Val before the stochastic rolls over in a meaningful way. "
Yesterday: "... price is in the window for the next MW Cycle turn lower... and a break of MD support."
Yesterday: " Think of the Weekly H-L pattern. If a Week is going to end lower it will typically push higher at the start of that bar and depending on what it finds overhead it could be establishing a wick and the High of the Week."
When price rigidly respects the support or resistance of a trend line I assume institutional activity. This day's Globex candle has turned lower out of its High early and given a Left Translation look. This is not what is expected on the initial push up out of a MDL but it is what you expect to see when the High of the Week is being put in place.
" If the MW pushes price lower then the first target will be @ 1.16111.." as of this post the low so far is 1.6140.
I originally thought that today's low was possibly completing a 5 day cycle low. But as you mentioned, the 24 hour high took place before the 24 hour low and although the full 24 hour cycle hasn't been put in, the fact that price broke Friday's high AND found resistance at the trendline, turning it low enough to break Multi-Day support, does put an interesting perspective on this. If Friday completed the (approximate) 5 day cycle low and the high last night/this morning was the high for a new 5 day cycle, it could be showing the turning of the Multi-week cycle. The "flagging" that occurred last week could become the top of MW cycle.
I think I mostly just repeated your observations.
It's helpful to have your observations to help work through price behavior. Thank you.
Going to test something different that may / may not help with this series started some 67 charts with commentary and over 19K views ago. Because there has been negligible feed back on these posts and only one opinion of the 6E posted other than my own... thank you @Schnook, it is not clear to me how well, or if at all, any of the analysis gets conveyed to you the viewer. About fifteen or so yrs ago I hosted a blog in which daily analysis and trading videos were posted. There are a few hundred of them mostly ES with some NQ, 6E and QM. In those days everything was Flash so I have been converting them to mp4 and in looking them over realized that much of the content was detailed explanation of the methods I have been using in the charts posted in this series. So the question, and the reason for this test, is might those discussions from years past help viewers get the most out of the comments made on the charts in this series? The one video below is from January 6, 2012 and it coincidentally presents a situation in the ES not dissimilar from the recent 6E behavior. If this is found to be helpful I'll upload all of that month's daily analysis with the expectation that in there somewhere you will find enough information to at least understand the principles involved in this approach. What is interesting is that a decade later I still use the same phrases to describe the price behavior. If this gets off the ground then this 6E thread may not be the best home for the videos and perhaps @bobwest can suggest a better location.
Hi @glennts. I agree that participation by other traders has been nearly nonexistent. It may be that there is presently little interest in 6E/M6E, or it may simply be that this has in effect become the glennts thread and others do not have that much to say about your charts. I read your posts when I can, and look at the charts, but frankly I have limited time, as everyone has, and there is a lot of material here.
I do not think that this thread would be a good repository for the videos you discuss. I think it would make the thread even less a general 6E thread and more a glennts method thread. There is absolutely nothing wrong with having a thread devoted just to your charts and methods, and those videos would be appropriate there for their instructional content, if you want to start such a thread.
Another idea, if you would like, would be a trade journal. These usually attract an active interest, because everyone likes to know about trades. The very definite downside is that a trade journal can get to be a large job and can distract from your trading. I wouldn't generally suggest a journal unless the poster felt the accountability would benefit him. There is often a stage in a trader's life when it would, and one when it would not.
I had hoped that the activity from your posting would bring other posters into the thread, but it seems this is not happening.
If you simply want to continue to illustrate your trading and charting, I think this thread is fine for that, and it would be welcome. I for one do not despair for this thread. Over time, it has been an extremely popular thread in terms of views, and the topic of M6E/6E will always be important.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Thank you for the input @bobwest. Well, one benefit is I now have an excuse to say "it's a conundrum". Began posting in the 6E thread because I was curious how others viewed 6E price action. But, as you have speculated, it doesn't seem that anyone is really involved enough in trading the Euro to have any immediate thoughts. As to the thread seeming to have evolved into a one man show, that is not a result of intent but the absence of participation.
A trading journal doesn't interest me for the reason's you pointed out and in addition there are aspects of what I do that are best held close to the vest.
The potential of uploading the analysis videos as mentioned in the 'test' is motivated by wanting to see if there was more useful life left in this prior work else they really have no value and ought to be discarded like once read books sitting for decades on dusty shelves.
As my traveling extends through mid November or later there will be fewer opportunities to post and if I am the only contributor then the thread will just naturally go back to sleep.
Resistance breaks and becomes support on the Multi-Day time frame.... resistance breaks and becomes support on the Multi-Week time frame. On the way up several triangles took shape around the 24 Hr Cycle rotations and here you can see the potential for a triangle forming around the Multi-Day Cycle rotation. This is repetition of price behavior and pattern development through different time frames points to the fractal nature of price behavior.
Multi-Day support breaks and becomes Multi-Day resistance as it is tested and rejects price lower, putting in the high of the day 25 Hrs after the prior 24 Hr Cycle High. Nuts and bolts.
You've clearly spent many years developing, refining, and executing your methods for trading the 6E (and perhaps other futures contracts as well). Hopefully your hard work has rewarded you with ample successes too. As I've already stated, I appreciate your contributions here, but I can't appreciate them fully because I have not learned your methods. So reading your posts is kind of like watching a brand new sport for the first time without knowing the rules - there are some very interesting moments, but you don't always know what to root for, or who to yell at when a penalty is called.
As much as I'd like to learn more about what you're presenting here, I'm not inclined, at this time, to fully devote myself to learning your methods. Others here might, and I think they'd be extremely appreciative of your time and effort, but as Bob mentioned, and I agree, this thread might not be the best venue for that. Moreover, you indicated that there are aspects of your methodology that you do not wish to share. Again, I totally appreciate that, but if I'm never gonna learn the rules of your game, I'm probably not gonna watch too closely. Plenty of other games on ESPN ocho right now.
You said previously that you don't pay attention to macro because your methods don't require it. That's you not watching my game. So I haven't posted more, despite there being some very interesting macro developments over the past few days.
Just going to give a last little rally call for anyone who might be trying to decipher the charts posted recently by glennts. There is a lot of info packed into those charts that would really be worth taking time to study them.
Before being introduced to a cyclical approach I had no concept of the cyclical nature of price action. Now that I've learned to recognize it, it's the primary thing I focus on and has completely changed my approach to trading. It's something that you can't unsee, once you see it, because it happens over and over again. Understanding what's observable and repeatable is going to help with any other trading method, including those that use fundamentals.
Studying this method could become a time consuming adventure if someone wanted to really delve into it, because there is a lot that can be learned. However, the basics really aren't that difficult to get down and I believe could really help with knowing what to watch for each trading day....although one might not know what those basics are if it isn't clearly spelled out for them.
I'm sad to see Glenn decide to taper off on posting on here. It's a shame the videos might go to waste.
But I can't say I really blame him. He's put a lot of time into posting these charts and nobody seems to ask questions or express an interest in studying what he's been sharing.
