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now that was a burst of buying above the ask! got us up to 97

Tape is showing lots of buying above ask but price is stalling... :confused:

It "wants" to check out NQ 2100. :D

Guess I have to change my vote to YES, they will cut rates. :confused:

Pekelo http://elitetrader.com/vb/showthread.php?s=&threadid=105035&highlight=ADU+TIMELINE

Mark, which 3bar reversal program are you using? I am getting slightly different blue and yellow bars using 500 vol chart, using _3Bar Tradestation paintbar.

PPT in action, getting more bang for the buck overnight. ES up 17 points from the lows on 50k contracts.

If you don't have Excel........... http://www.nationalfutures.com/pivotcalculator.htm also, I have an excel spreadsheet (can't remember where I got it, but I didnt create it) that uses the Excel function, "CEILING" to round the results to the nearest .25 for ES prices...

hmmm... I have always looked at 76.4% in that area 1 - (.618 * .382), or 1 - 23.6%. Not going to be a big difference between 78.6% and 76.4% :)

They have pretty much told us they will not cut rates again at the next meeting. Unless data turns worse, particularly the November employment report, they should not cut rates. The market however seems to be expecting or demanding a rate cut. I was (very) surprised by the 50bp cut...

Here is a closeup of the same chart (2500 tics). Looks like 2046 (yellow dotted line) will be the key area.

Here is what I will be looking at Monday. Think there is chance for some upside in NQ if this triangle gets broken to the upside. Here is the longer term chart. Anyone else see it this way?

matador, I don't think the OP is talking about that at all. I believe he is referring to required reserves held at the Fed. Here is an explanation, worded more clearly than I can do it myself: Also, when you write: Do you mean the Federal Reserve bank, or do you mean the...

Here is how I saw it... :)

Problem is there was a false triangle breakout up, followed by a false breakout down on smaller triangles before the "real" breakout up :confused: I got chopped up early (I am trading sim now, probably wouldn't have bothered trading today if I was using real money). However, once the...

That was weird. At 1:01 pm I was filled at 56.75 buying SDS but my charts show low trade in that time period was 56.76. Only 100 shares, but strange.

I am trading NQ because I like the $20/point. Trading 1 contract NQ is less risk than 1 contract ES. I also trade it because Anek does. I also like the way it trends.... sometimes... not today! :confused: :confused:

Banks try to manage their excess reserves on a weekly (actually, I think it might be a 2 week period) basis. They would like to keep only the required amount at the Fed, and no extra, because they earn nothing on the reserves held at the Fed. But they don't want to fall short, because they...

Why would it make any difference at all if oil is priced in Euros or US Dollars? It might make a psychological difference, which would wear off quickly. Would it mean that oil producers would only accept Euros as payment for their oil? No, you are simply changing the way the price is...

I can't tell you how many times I have gotten the urge to buy a dip but a little voice says, "The trend is down. Your trading plan does not allow a long trade here." :)