http://www.insidestocks.com/momentum.asp moving avgs bottom of page
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
How are you interpreting this data spectre?
The gap at 1424 has not filled yet and is a target for a pullback.
most of the houses in my area are sold, drive around, and you see people living their lives as usual, the local loews is always packed, and malls, lots of shoppers. The economic numbers are coming in stronger then expected. It would seem all the money printing is finally hitting joe plumber.
FED officials are questioning further QE lifespans. My guess is we are entering the next phase in the economic cycle, to a inflationary expansion cycle. Asian economies are instituting very lax money supply policies, China is rolling ahead full steam. Major advances in asian equity indicies have been made over past month or two.
Its from a general feel, and plus scanning the web, various business wires, the major banks are forecasting SP500 over 1500 targets. The price on SPOOZ is not even retracing the ATR. Everyone and their mother is looking for the gap fill to get long. Some are opting to get long anyway instead of waiting for 1470- 1425 = 45 points.. upside is 45 points, thus we are at the mean of the expected targets from gap to over 1500.
FED officials are questioning further QE lifespans. My guess is we are entering the next phase in the economic cycle, to a inflationary expansion cycle. Asian economies are instituting very lax money supply policies, China is rolling ahead full steam. Major advances in asian equity indicies have been made over past month or two.
Its from a general feel, and plus scanning the web, various business wires, the major banks are forecasting SP500 over 1500 targets. The price on SPOOZ is not even retracing the ATR. Everyone and their mother is looking for the gap fill to get long. Some are opting to get long anyway instead of waiting for 1470- 1425 = 45 points.. upside is 45 points, thus we are at the mean of the expected targets from gap to over 1500.
S 1466.75
Out 1466.50
S 1468.25
Out 1467.75
interesting that you are going for 1-2-3 ticks on profit target.
Would like to see your equity curve following this strategy. Never thought such a thing can work when you are doing it over the internet using non-automated manual trading. Can you post your equity curve (showing results of only this strategy) for last 1 month or so? Thanks.