Search results

A simple but effective tool to follow the market with is the 3x2, and it works on any time frame. It is the average of 3 time bar closes displaced or moved forward by 2 bars. If the market is below the 3x2 and price is moving down to the right, you have a negative trend, if it is above the 3x2...

ES_6_27_16. This is what the data was telling me the form of the market would be today. 930 was a broken sequence on the Sym Valley. Translating the data gives me the form.

It is too overwhelming to trade and try to post during the day. So I am going to have to rethink this entire endeavor.

They wasted no time buying this market after 1500. No surprise there as a Q Peak was involved with the 1530 Sym Valley. You really have to read and study this data to completely understand what is happening. I am debating on how much longer to post.

The main thing in this business is to always protect yourself, because anything can happen. You must know your data intimately and how the market (price behavior) responds to it. This is what data modeling is all about. If you hit 76.75 a 5 point profit target will be hit from the 82.00...

They sold it, hit the 5 minute Bollinger Band Moving Average Band and bought it back but I'm not so sure we will be up and away. I was looking for 1500 or 1530 to be some kind of low. This kind of trading goes on all day.

Bottom Bollinger Band buyers hit their 5 point target, at the close buyers of 1330 got close and taking 4 points is fine. There was little risk no matter how you played it and that's important. If you want to be aggressive you could sell it here at 82.00.

Wrong about the choppy part as from the 1200 time frame they pretty much took it straight down. The Q Peak distorted 1200 and some were wanting to buy after the initial drop but 1200 was a Sym Valley High. A 1330 Low is in and if you got long at the Bollinger Band (77.50) you are in good shape...

It's going to get choppy now, for the next 2 hours. You may see some good swings but better know how to play them in a precise way.

ES_6_22_16 Times to watch today for turning points are 1200 1330 1530. Of course there are other moves that can be identified if you read what was written in previous post. For example yesterday the 1600 Q Peak was going to cause a reversal from the 1530 Price High. But there is a limited...

5 point target hit, out and done for the day. This was not an easy day.

Stop to 78.00

5 point target, if it trades above 84.50 I'll take profit. Too soon to put in a break even stop.

If it breaks 77.00 I'm out

Popped up and now rolling back down into 1400. Haven't made a dime today but haven't taken a loss either. Take those break even trades, don't let the market hand you a big loss. Will go long at 1400.

If we could see a strong move through 79.50 we likely will have a confirmed 1200 Turning Point Low. However there's nothing to like about today's market. 1200 makes a low but finishes at the top of it's range. Some will be trying to sell it.

0930 was an inside bar on the 30 minute, so it was likely that until the bottom of 0900 was broken would there be a willingness to buy the market. But of course then the trend traders thought they would capture a big down move and they continued to sell every pop up while 0930 turning point or...

ES Chart 6/21/16. I have turns at 0930 1200 and 1400 today.

When they come back at you that strong take the small loss. I thought for a moment they were going to be able to sustain a move up but that changed quickly. I personally won't take a trade so late in day when the market is moving strongly in one direction. If I had and they took out 77.25 I...

ES should reverse at 1530 or at 77.25