Search results

I'm sure u already know that big money tends to sell into an up move, and vice versa in a down move. This is an old principle, and no matter how much hedging and non-directional play that occurs, this is an important concept that affects trending and chopping markets. I completely understand...

Hope you read my pre-market analysis as it was spot on. And I really hope u didn't go long on that push up. Oh well. Todays daily chart was a classic upthrust on no demand b/c we hit new highs and prices weren't supported at that level. Thus, big money is not interested. Tomorrow, like...

Can't wait for another trading day ! Expecting today to consolidate.... ie, chop. Based upon the failure of prices to push higher earlier pre-market, I don't expect today to be an uptrending day. I do expect the 1102-1104 area to hold as support though.

1 and 2 almost made me spit out my coffee on the moniter, LOL. Soooo true though.

I'm sorry, I must be delusional. These psychotropics I'm taking really mess with my head. I dont know why i was thinking an oscillator reads overbought and oversold conditions. Gee, what a retard I am ! Where's traderzones when u need him, lol.

this entire thread makes me cringe. Stochastics are about as useless as tits on a bull. They are training wheels. Most use stochastics when they can't tell by watching price if a market is oversold or overbought. Even then, its wrong most of the time, and on strong uptrending /...

Boy do I wish I gave you guys this info premarket instead of afterwards ! Perhaps it would have been better used in somenoe else's hands instead of mine. Market certainly was tough giving definite signals today ! If you look at 12/1/09 candle, it was on increasing volume with a small range...

sorry for not posting earlier. Hectic day. After I got through w/ the trading day, I immediately went to bed. I work graveyard shift. I have to get ready for work, and I get internet there, but I won't be able to upload the chart while at work so I'm doing everything backwards. Here's...

do you have a legitimate edge or are you just tick fucking because you are struggly to be able to read PA. based up on the trend of your PA, and your need to go back to SIM, sounds like you have a lot of screen time that u need ! My advice to you is to preserve your capital, and sim...

lol, well said retaildaytrader

I agree

Great day today huh ? We had some consolidation today like I thought, and I did see an upthrust and pullback, unfortunately, it was not on no demand. Not sure whether this was b/c it was the monday after a holiday, or what, but nonetheless it gives some good clues as to tomorrows activity ...

My pre-market thoughts: I'd be surprised to see bullish action today in part due to the pre-market chart. With supply drying up early this AM and forming a nice little base, and lack of support for higher prices with a little doji star deal around 730ish cst, I'm not expecting the bulls to...

who the hell is Sun Tzu

seeing as though I'm working graveyard shift this morning, I've got plenty of time to respond ! 1) Lets see, I do agree that its a wide spread bar, but the vol was give or take around 150k. I guess its a matter of opinion whether you think its high volume. To me, 150k on the open is not...

Nov 26 Premarket action is giving us higher highs and lower lows. Gee, what does that tell us ? I expect bullish price action. 1) Wide spread up bar on high volume finishing near the highs. Sure this smacked a bunch of stops, but also trapping shorts that wanted to get out, and making it...

Nov. 24th Pre-market thoughts. Price is clearly pushing up in an uptrend. I expect prices to continue moving up based upon the trend. 1) No demand down bar closing at the low. Lots of stop triggered on this bar I’m sure locking in longs, and making it tough for those who want to go...

November 23rd analysis Based upon the pre-market up trend, it’s reasonable to assume that this market will continue up and that the ‘herd’ will think this also. Let our assumption of the heard thinking this market will go up guide our analysis of the day. 1) Wide spread up bar...

This thread is going to be my price action analysis of the ES…. Or better yet, a price action and volume analysis of the ES using 15 min chart. I am going to TRY and update this daily. I have a crazy schedule. It might not happen every day. We will see. Purpose: 1) Look back on this...

My 1 March 2010 SPY put is looking good rright now. Big big money in that IRA ! lol