Quote from Laissez Faire:
Expecting today's high @ 1688,50.
I think we're done below. Maybe another push down, but I don't think we'll trade below YDAY low.
50% retrace from last lower high is 77.75. 50% retrace from all time high is 95.
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
50% retrace from last lower high is 77.75. 50% retrace from all time high is 95.
Quote from Laissez Faire:
Long @ 77.
Stop @ 75.
Paper trade.
Stopped.
Quote from Laissez Faire:
Can you say that in Norwegian or English, please?
What do you mean with pure manipulation?
And what was your position in TF again?
The Initial Balance was extended with the highest NYSE Tick of the entire Session. Obviously whoever is bidding this thing up did not suddenly figure out that they needed to buy the current high of the session with more conviction than they bought the open. That's manipulation.
So if you have seen that behavior before and you note that we are still in midst of an inside day relative to Yesterday High and Low, then you may conclude that area around the cash at SPX 85 that presented before the IB Ext. will be revisited before anything else happens, thereby providing an opportunity to take a partial exit and see what happens next.
I am long TF large size (for me) from the Open, slightly more than one third reduced for BE stance (breakeven if price returns to my entry), and I will hold partial over the weekend if TF 80 Touched. Last week I commented that the $RUT 65 is an Inflection Pivot in the Daily chart and I am watching the Retail sector to determine if that level will hold. Today we opened and $RUT 70 was Held Bid with the Banks moving higher so I took what I consider to be a low probability, high payoff ratio trade.
Edit - Banks moving higher after the BOJ event overnight.
Not quite sure if I follow along here. I'm usually a slow learner and english is not my first language, so my apologies in advance.
Quote from Visaria:
why own stocks over the weekend with all this political crap going on...this is what the market should be thinking
I thought Uncle Ben and the PPT had removed risk from the market?
