Search results

Eh BuySell, Intermediate up trend has been broken. I trade intra-day so I can see the reversal faster than you. Save your ammo for later :)

Stop trading and read this thread (link below) until you can validate and understand the entries he posted on his graphs. Then and only then start trading again. Stop wasting time reading books on technical indicators. If you must use one, stick with stochastics 7,3,3 or 5,3,3. The first...

I highly recommend you to stop for now and read this journal and learn a few things before you resume trading. http://www.elitetrader.com/vb/showthread.php?s=&threadid=99283

Allenhobbs, I am no pro., but I think I can help you place better stops. All stops should be placed at strategic locations with flexibility to encounter whipsaws. If you can't explain why you set stops at certain prices, then, you need to re-evaluate. Why don't you pull today's chart...

Dumb PPI report, ruin the downward sentiment. Obvious that market will go up after the report. Next week Tuesday CPI will be out, and it will determine the trend for the rest of the month. However, I am not crazy enough to buy at this price. Had i day trade, I might have. But then I am...

If futures are in the red pre-market, I highly doubt you'll go long.

If you're looking at price actions, throw in Elliot Waves. Works nicely once in awhile. Better on trendy days.

I think you'll it within a couple days. It's probably going to hit 1460 or more by the end of this month if bad news tomorrow. Trendline already broken on chart today.

Minimum 1% consolidation if the sales figure below estimates and PPI above.

If it goes down to 1400, buy the support. Minor support also at 1460, but rather buy 1400.

How hard is hard?

All of us should set this picture as our desktop pic. Haha!

Exactly how do you intend to do that? Give us something so we can comment. An example of a trade or whatever? When it comes to price action alone, people may do things differently. You don't incorporate volume into your analysis?

Well, it's not a good indicator by itself. I've backtested it with ES against 5 or 10 years of data (forgot which). No single indicator is good by itself, otherwise, we'd all be rich. The best indicator by itself is, perhaps, the DMI according to the result I got. If you're going to...

I'd say down 200 pts b/c I just want to be different from y'all. :)

It's a good indicator. You need additional filtering though (i.e. Some other indicators)

The market's already expecting the Fed to leave rate alone. However, what the market wants is some kind of hints of possible rate cut/increate in the future. Market prefers rate cut, but our friend Benny will probably not give any hints b/c of current inflation concerns. I believe the market...

Correction on Monday? You're kidding me, right? 15 handles on the SPX is chump change. Miss those days when intraday range was 40 handles. Ah, the peaceful and quiet life now a day.

Arbitrage will keep ES futures price very efficient (i.e. Close to fair value).

Hehe, famous last word. Haha! We'll just have to wait and see.