Must have been some large sell stop ETH order that triggered. Sick.
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
not sure what you mean...I use the 1600 tick chart...don't really focus on single bars. On a tick chart it just whooshes then moves along
Bars that snap, long tails, wicks.
Hammers, inverse hammers, long legged dojis, things of that nature.
Quote from murrica:
thanks Ammo -- short term contrarian point of view is (bullish) falling wedge on russell futs 4hr/8hr, 6J sitting right at downtrend line 9.745, therefore possible rally in equities from down here (at least the russell?) with a bit more upside on USD/JPY before the real move. trends breaking sometimes a fakeout followed by huge shakeout, followed by the full move.
no guarantees of course, just looking at alternate point of view/scenario that would provide a more favorable sell point possibly up to fed this week. would guess that if this point of view is wrong, it might be wrong in a very bad way. just concerned media is too openly bearish, thus suspect rally to retest/shake the tree before tank. also known as bear "hope" due to missing entry on friday's roll.
[/QUOTE wish i had listened,have a character flaw where when it gets close i wait for that last drop ,not often anymore but it's still there
eur jpy has a gap above http://i.imgur.com/HtU5byI.png and the shorter term is squeezing into the end of a rising wedge, and the nikkie charts from last nite if they work to the bottom of that bell , its the 144 area,
not sure on tick charts they are the same...this is what I saw...could scare the bejebbers out of anyone....sometimes you just get faked out, esp on Sun nite
Ya long red body at the lows (signalling the selloff) then harami plots and you get your confirmation up, at least on that time-frame.