ES Journal - 2013

[ammo]

Quote from ammo:

offer 31,2,3

avg 29 .16, add 35..avg 30.2..add 36,5

 

[ammo]

trans chart

 

[startraitor]

Trying again, short 1636, stop 40, exit eod.

 

[baggerlord]

Quote from ammo:

avg 29 .16, add 35..avg 30.2..add 36,5

Ammo do you mind explaining your chart and how it is guiding your trade? I always see you post them and can't quite figure it out.

 

[ammo]

N (nip)are the wide spots,price spent more time there,L is a ledge where a large working bid or offer supported or capped price,large institution found value there , and the c is a cleave where a move exhausted itself and turned, when the market is moving it goes from point to point with a lot of chop in between those points,if you have trouble scalping,then this is a way to swing,adjusting your position at these spots,between larger targets,just an extra trendline or a fib,sounds simple and it is but you never know how big the money playing is,so timeframes become important,the earlier chart was on a shorter timeframe and the 40-41 spx counted,on a larger timeframe,bigger money playing,the numbers change, the ovals represent gaps or places in the recent runup that need to be filled in ,to mirror the lower half of the chart

 

[ammo]

at the moment the 43-44 nip is holding so a bounce would be to 40-41 cleave,if that holds then bounce tween 40-44,if it doesnt then the nip below,then bounce between nip and cleave,if it doesnt hold and so on....

 

[ammo]

on a one day, the 41.90 is the widest spot ,its acting as supp,if it dips,the nip below would be next support

 

[ammo]

if you were driving these would be stop signs,if you are in your neighborhood,you know where the stop signs are,if not, this is just a map

 

[baggerlord]

Thanks ammo!

 

[spxoptions]

Longs look weaaaaak here.. Close below the 50 ma today?