Monitoring the NYSE Issues
Good stuff Bigsnack whether your monitoring the actual tape printed every X number of minutes or looking at it in a line graph indicator you still get to see the overall breadth of the market.
Again good stuff.
Have a good weekend all
Sure SrRuth I would be glad to answer
[Summary]
Large buy orders came into the market around the 1140's market went up 30+ points very relevant.
[Details]
Its really about size of order plus delta. A lot of people can collectively put on 1s, 10s 50s contract orders and collectively...
If the person/company/institution put on 1000 contracts to pick up 10 points then they had a successful 1,000 contract 10 point pick up.
It could have been a daytrade entry (but with that size...) It could have been a swing to hold over the weekend. It could also be a position to test the...
Yeah I saw that too.
Which is cool because no matter how you looked at the market today it showed you to go long, Today was a day to be long.
(At least the first half of the day.)
Right now bulls are still in control on all the ways I look at the market.
I just watched a short squeeze face peel and wanted to share.
Someone out there in trader land put on positions totaling over 1000 contracts while Big Ben was speaking.
What nerve! :)
Them quants/demdayboyz sprung into action.
Bulls have made it to the top of the range. When price hit 1140's there were no major sell orders coming in. On the contray more buy orders came in.
Price is now outside of the range.
[So what makes today different] - Silver and Gold. If anyone would look up a chart of Silver or Gold on...
Yeah Buddy!!
He is almost at 200 points again.
If the average day trader is around 1-6 contracts (Yes some trade x10 more than that)
The average swing trader including myself around 10-60 contracts
The average position trader (BuySell's current position is a position trade) 100-600...
[Just an observation]
Bears have fought off bulls and kept the market closing under 1125 support three trading days in a row on the daily candle.
Bears have had control for 6 trading days
-Every time the price gets back up to around 1140-1156.25 large sell orders enter the order flow...
Did he create the stochastic indicator?
Another old floor trader was Richard Dennis who I think created the ADX indicator
J. Welles Wilder created the Relative Strength Indicator in 1978 and another person from the same Era was John Bollinger the creator of the Bollinger Bands Indicator...
With all due respect
It sounds like your testing an unproven momentum strategy on a real account.
Nothing wrong with that.
If you read the original book Market Wizards one of the traders there kept blowing up his money and his families money until he final got it and became one of the...
Bulls have struck out.
Good Luck LF
Like you need it :)
Be back the last hour to see how the game ends.
We are in the top of the 9th Tie Score.
Bulls put some points on the board to tie the score but got struck out and now the Bears are up to bat.
There has been no order flow to support you.
But there has not been any order flow to STOP YOU either, lol
1129 is the next level on the 5 min chart and bulls would have lost control on all time frames.
At 1129 I would say the bulls have struck out.
Great observation
All momentum is gone. Bulls have lost control on all time frames below the 30 min chart.
Order Flow is Dead
Issues aren't budging.
All I can saw is on the 5 min chart we have a support level at 1132.75 and the last time we touched that was exactly 2 hours ago. We...