BINGO! Yesterdays PA was precisely what I anticipated…. Stops are just above yest daily swing hi!
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ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
BINGO! Yesterdays PA was precisely what I anticipated…. Stops are just above yest daily swing hi!
Late shorts and bottom pickers hurting equally here.
I'm flat here as my crystal ball is fuzzy. I'm leaning short, but there's always the chance that this is just a deep pullback of the range high (which isn't an exact level anyhow).
I'm flat here as my crystal ball is fuzzy. I'm leaning short, but there's always the chance that this is just a deep pullback of the range high (which isn't an exact level anyhow).
The trend, the trend ... the trend.
On which time frame?
He and the rest of FOMC are going to overshoot it, because they simply don't give a shit after they got caught with hands in cookie jar trading on the inside.
He and the FOMC gives ZERO shit about the stock market. Those were the old days, when they could trade stocks. Remember, now that they got busted, they simply don't CARE about your 401K. You could go bankrupt and homeless. They simply do not care about your well-being, because they can no-longer affect their own well-being with their decisions. Their free-ride is as over as ours is.
Interesting take. It's the first time I'm hearing it put this way.
On one hour and higher, truthfully even down to 15mins.On which time frame?
But there was no doubt (of course nothing is 100%) but as I mentioned yesterday that yesterday's bar was not good for bulls, it clearly wasn't. No effin reason, in my mind at least, to look long without a dramatic change in PA overnight or today. Which obviously has not happened as of this moment.
I go by a technique that (who else for me) Tom DeMark uses in his TD Differential indicator measuring buying pressure as difference between close and true low and selling pressure difference between close and true high. If buying pressure is less than the buying pressure of previous bar and selling pressure is more than the previous it suggest next bar will be a reversal or at least a lower close than current close.
This is actually more a 2 bar comparison, but I've found it works similarly on a 1 bar comparison.
On one hour and higher, truthfully even down to 15mins.
Agreed.
However, I'd say that the market is more range bound than trending lately. There's no clear direction to me on the daily. If anything, it seems like we're going higher on the daily chart.
At any rate you're calling this as a down day then?
Range-bound within a downtrend.Agreed.
However, I'd say that the market is more range bound than trending lately. There's no clear direction to me on the daily. If anything, it seems like we're going higher on the daily chart.
At any rate you're calling this as a down day then?
Yes lower other than possible RTH shakeout.
But of course PA determines all (watching Directional Day Filter @ RTH), not me.
i see a pattern here, long squeeze short, then unload their possition, quite seccessfully may i say, it it possible they mayt try another one, after all, bull is the dominance force in stoke market.On one hour and higher, truthfully even down to 15mins.
But there was no doubt (of course nothing is 100%) but as I mentioned yesterday that yesterday's bar was not good for bulls, it clearly wasn't. No effin reason, in my mind at least, to look long without a dramatic change in PA overnight or today. Which obviously has not happened as of this moment.
I go by a technique that (who else for me) Tom DeMark uses in his TD Differential indicator measuring buying pressure as difference between close and true low and selling pressure difference between close and true high. If buying pressure is less than the buying pressure of previous bar and selling pressure is more than the previous it suggest next bar will be a reversal or at least a lower close than current close.
This is actually more a 2 bar comparison, but I've found it works similarly on a 1 bar comparison.