Search results

NQ cleared 'unchanged', but ran into resistance. EQ now facing resistance @ 'unchanged' following a 10 point swing. I'm still in anticipation of a pop higher, but we still seem to be range bound here, so need a pop above 50 to 'relax'. :)

If you want to study and eventually profit from Brooks or anyone else for that matter, you should start by back-testing his methodology and see if it holds up in price history. Do this using a template in Excel and create detailed statistics of his set-ups. That's the only way you can verify if...

Range bound near the LOD. NQ back in green.

Stop @ 43. Will re-consider a new long if stopped. My assumption is that we put in the LOD and will see a move towards 3860 with a small chance we'll print a new HOD by the Close. But with a good 3 hours left we might see a range here for a while.

How do you track that? And why is HFT to the upside necessary? After a day with a range as big as yesterday it's not to be unexpected with some choppy movements or consolidation. NQ back in green now. ES putting in higher lows. But I agree we're still range bound and we're still vulnerable...

L 43.50. Stop @ 41.

Kind of odd price action here at the LOD. You get the feeling we're about to drop lower, but price just sits there. No "fear".

Please define sizeable? :) I'm a late short here @ 42,50. Will probably scratch it for a point or B/E if we don't see some followthrough here. My prediction for today was a good move up with a small chance we could see a strong day down. So far, fairly choppy.

Looking weak. Need to see a sharp pop here, now. NQ at unchanged...

I'm trying my best to keep an open mind, but I do think we might have the LOD here. Triple bottom/IHS in place now for a swing towards 3860/70. If we break the LOD here, I assume we can print 3825 on a leg lower.

Does it matter? All I know is that today's drop filled an open gap below.

That was quite the reversal. If today close above 3841 it's definitely a rare kind of day and I'd imagine it sets up another leg higher on the daily starting tomorrow - assuming a gap up open.

I'd say we need to stay below 20/25 on this leg up for that to happen.

Great catch, Builder17. :) Done. Next open gap below is 3761,75. Would be a tad too much on the day, but certainly possible.

Outside Day now. Open Gap @ 3790,50 in play as long as we stay below 22 or so.

Either a pullback to 45/40 for the 2nd leg up or a reversal lower towards 30. I favour scenario 1, but won't chase a long entry here (49).

Update for 2020: Current tally for buying the cash close/selling the cash open: + 22,75 points. That's not a huge return, is it? If, however, you bought the cash open the 4th of January, 3758,50, you would be up 3832,75 - 3758,50 = + 74,25 points on Friday's Close. So, it seems like buy and...

Curious what happened with @kmiklas ? Did you take out a loan? If yes - how did it go?

I think that kind of greed and FOMO is common around market tops. Runaway inflation was supposed to happen following the first QE, too. Of course, the stock market increased massively since then. What kind of emotions do you think people were feeling at these prior tops? I'm not saying we will...

Do what? At least wait for the dip. It will come.