nice trade noodles, lf, i think you will get paralysis by analysis,need to sit back and look for a larger pic and when u see the setup, smaller pic for entry, right now , there is no life in the trans, es's wife , and its making a bear flag, mini hns in that flag, both distribution,es ran from 62 to 81 on an overnite bounce, and now below fridays close,so all things equal,biggest risk is being long, means you look for a short with your mini pic and wait for a setup to get in, look for a long but be very cautious of getting hung,not to mention the bonds and eur/usd looming ,bonds below resistance and eur above supp,trade macro down to micro..one more thing,more than half the time if we make some squirrely low volume overnite low/high,the spx will get down/up there some time in the day followingQuote from Laissez Faire:
Fake breakout? And now a fake breakout below?
Choppy action. Not reading it at all currently.
Any takers?
ES Journal - 2012
- Thread starter Buy1Sell2
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Allright, ammo.
It may be risky, but I think I may be entering a short down here.
I got my eyes on 62 by the close.
It may be risky, but I think I may be entering a short down here.
I got my eyes on 62 by the close.
Support below the current LOD: 64, 63, 62, 57, 54, 50.
If someone held a gun to my head and I had to answer, I would say that we trade down to low 60s today. Possibly 55.
I don`t feel extremely confident that we do though. Far from it. First we need to take out the day low.
If someone held a gun to my head and I had to answer, I would say that we trade down to low 60s today. Possibly 55.
I don`t feel extremely confident that we do though. Far from it. First we need to take out the day low.
its summer chop and narrow range so the 11-1230 central will be a bait n switch for the scalpers so i would avoid that,europe is closed isn't it til wed or thurs, best to sit on hands and wait for setup,here is todays nip and fridays on rth, u could short todays with a very tight stop or get long above it for a point or 2, or not trade at all on low percentage ,low momentum setups
Europe closed? What did I miss?
Unless we break out of this down channel, 1260 is looking more and more clear to me any minute now.
The daily S&P ain`t pretty and a good slide today looks just about right to me.
Unless we break out of this down channel, 1260 is looking more and more clear to me any minute now.
The daily S&P ain`t pretty and a good slide today looks just about right to me.
Do you find an edge in intermarket analysis for intraday trading, ammo?
If they follow each other, one might just as well limit onself to one, no?
And what about all the times they tend to decouple? I`ve seen it happen.
If they follow each other, one might just as well limit onself to one, no?
And what about all the times they tend to decouple? I`ve seen it happen.
Kind of wedging here. If I was short, I may just have gotten flat for a breakeven.
Shorting the break of the lows will have to do, if it happens. Less points, but the probability of getting paid should be better.
Shorting the break of the lows will have to do, if it happens. Less points, but the probability of getting paid should be better.
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