10:30 reversal looming
will they blow the stops first before it ?
will they blow the stops first before it ?
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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If you get more than 1 signal than it makes it just that much stronger. That is all I am saying.
excuses
excuses
Actually I was loooking for it to bounce because 45.5 46 was the 50% level and the signal just happened to coincide as well.
Hows the 56.5 57 short signal doing ?
:eek: [/B][/QUOTE]
excuses
excuses
Actually I was loooking for it to bounce because 45.5 46 was the 50% level and the signal just happened to coincide as well.
Hows the 56.5 57 short signal doing ?
:eek: [/B][/QUOTE]
imagine what a basing out pattern would look like on the daily chart...
the housing crisis has a limited lifespan, if the consumer can be dragged down, then there is another leg to the downside in equities.
but if things stay the way they are now, market will base out...
politics throws a new dynamic into the mix, do people want the status quo as represented by McCain or possibly a new radical shift perceived representation with old dogmas broken and new ideas in focus as represented by a possible woman President and a black President, are people ready for such a radical shift...
or will they seek the comfort of Dr. Strangelove in McCain...bomb bomb bomb....Iran....
the housing crisis has a limited lifespan, if the consumer can be dragged down, then there is another leg to the downside in equities.
but if things stay the way they are now, market will base out...
politics throws a new dynamic into the mix, do people want the status quo as represented by McCain or possibly a new radical shift perceived representation with old dogmas broken and new ideas in focus as represented by a possible woman President and a black President, are people ready for such a radical shift...
or will they seek the comfort of Dr. Strangelove in McCain...bomb bomb bomb....Iran....
Actually, I was thinking the thread looked better than ever.
JSSPMK has been giving a master level class on a type of trading that no one around here has ever seen before.
Vol_00's rule of 10 is so popular it's beeing pre-empted by the instutitional money ...
(but seriously, if we can see a pattern so can their computer algo's).B1S2 sticks to his guns in the ES ... and in the 10 other markets that he trades.
That there is something here for everyone is absolutely correct.
***
I recently attened a seminar at the NY Traders Expo by Doug Zalesky of TradeMaven. He uses market profile (which is only a way of looking at market volume by price) in a way that really simplyfies it and helps to understand how the market works in tems of establishing support and resistance levels (they are made on low volume), what accumulation days look like (P's) and distribution days (b's).
The class helped me to understand how Apex82 establishes his levels and makes his trades. While in the seminar Doug was asking questions of the audience, and I kept giving the correct answer.
Another guy who had uses it and attend's Doug's chat room asked me if I had ever used it before, I told him no, but I've seen a guy who trades like this (Apex82), so now I finally understand why he trades this way.
Not an endoresement of TradeMaven (even though I think they're a top notch vendor), just sharing a story.
(see chart)
can you see it?
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