S 2038.50
SL 2050.50
SL 2050.50
ES Journal - 2016
- Thread starter Buy1Sell2
- Start date
out 36.85 +.10
ES
this makes no sense to me I need words added telling me what is happening. where these numbers come from. etc. I see nothing on the charts showing these numbers.
what is a first pivot. what is then mean. do you mean a 2nd pivot after the first. are you talking about daily pivots. of which there are several different calculations.
what are you talking about when you say. "that 2010=15 level" first it is not even on some charts and I dont see anything about a 2010=15 level. this is all voodoo. How about some plain jane explanation of what is going on here.
for example what do you mean the fed might defend the 2060 level. do you mean the fed will not allow it to get up there so they are defending against the market moving up. and it makes no sense to say they are defending it from the top because we are already way below the 2060 and it might make more sense to say the Fed FAILED to defend the 2060 level.
there are just no words in this thread. I am not a mind reader. please start using words to express your meanings or I have to get out of here. I dont like daily puzzles that I am suppose to figure out the encryption to guess what is going on.
I was very excited that this would be a super good thread. Now I am very disappointed that it says nothing. there is nothing here possible to learn because there are no words explaining any meaning. no saying why numbers are picked out of thin air.
sorry but I come to ET with the hope of learning something about trading. not to be bull dozed over by secret codes that are encrypted only for the elite knowing people. I am not an elite knowing person. I am new at this game. and struggling hard.
Pivot- any price point of significance where price tests and turns or falls through. People calculate pivots different ways, I just look at previous price points where price had trouble.
In the morning the credit card companies reported that Christmas sales were strong, implies FED is likely to continue it .25 point hikes for the coming year. This sustains USD rally, overnight Japan had extremely weak numbers. A higher USD means cheaper oil, and oil is reacting to global weakness, even though the numbers in the US are contradicting the global weakness. In summary all this info implies:
-lower oil prices
-equity weakness
-higher short term rates/putting pressure on unwinding of carry trades
the only reason equity might even stage a rally in the next few days is to print a positive for 2015. This can be engineered pretty easily but only if the bank proxies feel its important to.
Sorry Chewy, there is just too much to explain. Its hard to explain everything thats been learned over the past decades watching the markets. If you trade/watch price action long enough it will start making sense as the years go by. I would suggest not risk too much capital at first, you willl need a minimum of 5 years watching price action at the 'tick' level. Your brain will 'model' the markets well enough if given time to learn how to make money in the markets.
lol... any other old timers around still?