on a daily spy ch,5/19 ,8/11 and 8/18.08 highs give you a tl at 129.65,fri 's high,5/9/08 and 5/23/08 lows bring in a tl at 130.60,you will have to check for any news on monday but my chart reading guess would be a pullback from here to 1284 to backfill the thur 8/21 and mon 8/25 gaps on the mrkt prof chrts and then a push to 1306
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Interesting link on intraday S&P trading tendencies:
http://quantifiableedges.blogspot.com/2008/08/trend-vs-chop-for-intraday-traders.html
http://quantifiableedges.blogspot.com/2008/08/trend-vs-chop-for-intraday-traders.html
Indicators are good.Quote from cipher4d:
Anekdoten,
six or seven months ago, your old thread inspired me to drop my last indicator (Goslin-Klinger) and I have never looked back. Thanks for the charts.
It all depends on how you use them, and why.
They are just another tool ... even the most knowledgeable surgeon still needs a scalpel.
thanks SS, good aritcleQuote from smilingsynic:
Interesting link on intraday S&P trading tendencies:
http://quantifiableedges.blogspot.com/2008/08/trend-vs-chop-for-intraday-traders.html
Quote from MandelbrotSet:
Indicators are good.
It all depends on how you use them, and why.
They are just another tool ... even the most knowledgeable surgeon still needs a scalpel.
I agree, I should be specific about how I define indicator since I still use volume. Most would consider volume an indicator I suppose.
Quote from MandelbrotSet:
Indicators are good.
It all depends on how you use them, and why.
They are just another tool ... even the most knowledgeable surgeon still needs a scalpel.
I beg to differ, price is all you need, then volume, and it ends there, the rest is but an illusion for the handicapped.
Anek
anek. if price is all u need works for u go with it,but don't assume that you've found the answer,and the rest are handicapped,abandonment of humility leads to oversizing and disillusion, end result ,loss of capital,most common result of 2nd time rich trader,precursor to 3rd time reminder ,never forget humilityQuote from Anekdoten:
I beg to differ, price is all you need, then volume, and it ends there, the rest is but an illusion for the handicapped.
Anek
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