Don't blame a hacker for that 1466 short
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Don't blame a hacker for that 1466 short
some things to look for if your bullish today.
1) is price above 68
2) is price above MA's
3) is direction of MA's up
4) is price above the open
if any of these things aren't true, then 54 is next.
if these things are true then 84 is next.
.so far things look very good.
edit: CNBC was pointing at Fortunes cover, it was all black, and pointing at the markets turmoil.
Staying in this trade is requiring the patience of a saint, but I'm still hopeful of another run of buy-stops above HOD will propel us to my target of 1480. My plan is still to stay long unless we get back below 1473 support, which so far we haven't done.
P.S. 1473 is a "mental stop." My hard stop is lower.
EDIT: I just realized that this is Friday before a 3-day weekend. Duh! No winder it's so damned quiet. Prolly most of the traders went home at lunchtime and won't be back until Tuesday. (I figure I'm probably the last person here to have figured that out.)
the 'sense of relief' rally hasn't hit the market yet.... prolly signify touch of 1500.
it very well could be 1500/08 target but i will not be passing this inflection point up..especially if/when we set up..a 2 day swing to the bottom of wedge may be in the cards....coast to coast move like we just saw is a possibility.but a higher hi would`nt surprise me either.
that gap to 83.75 was a bit tricky as it was done out of RTH....running stops above that daily TL had sellers/shorts rethinking that sell zone.....i don`t usually fall for it but they tweaked me there in a day trade mode......but not positionally.
i beleive this walk up is creating a bit of complacency....that along with the so called fed sentiment.....i believe there will be downward reactions to the fed dates i`d posted.....minutes,biege & fomc.
Quote from Spooz Top:
it very well could be 1500/08 target but i will not be passing this inflection point up..especially if/when we set up..a 2 day swing to the bottom of wedge may be in the cards....coast to coast move like we just saw is a possibility.but a higher hi would`nt surprise me either.
that gap to 83.75 was a bit tricky as it was done out of RTH....running stops above that daily TL had sellers/shorts rethinking that sell zone.....i don`t usually fall for it but they tweaked me there in a day trade mode......but not positionally.
i beleive this walk up is creating a bit of complacency....that along with the so called fed sentiment.....i believe there will be downward reactions to the fed dates i`d posted.....minutes,biege & fomc.
you left out jobs report on your list. =)
in the past the usdjpy usually rallied into the close on Fridays.
117.00 .............woo woo.. lets go baby.
117.00 .............woo woo.. lets go baby.
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