Last hour or so was a rally so is this still a sdd? Thanks
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I have 41.25 to 43.25 going back to June 1st as a make or break area, talking 240 min and daily closes. A strong thrust and close over 51 and we can talk about taking out 960.
Ure point is well taken although I don't know what all the fuss is about. I repeat what I wrote yesterday. I'm not a position trader nor am I a multiday swing trader. However, I'm building up my position because I strongly feel the reversal is imminent.
There will always be another day to scalp and I know a thing or two about scalping. But you don't often get a reversal of this magnitude, that is, if it will ever reverse as I believe it will. I hope to join ya scalpers soon though. But for the time being, I'm taking it slow.
I too don't exactly understand the full nuance of Pek's SDD. I just think of it as a "measured move". The two down legs (one in the morning and the other in the afternoon) were nearly identical. They both were about 15 points each. Unfortunately, the second leg terminated too early, leaving nearly 2 hours left in the market. When it comes to the measured move, ideally you want the second leg to terminate just at the close of the market. That's how you get the most bang for the buck as it were since this forces everyone to unload before the close.
50% retracement short and r10 signal
~41
Even DEMTDAYBOYZ can't stop this
~41
Even DEMTDAYBOYZ can't stop this
remember those floats you use when first learning how to swim.
this market feels just like that, no matter how hard you push, it always come back up.
i was so sure the intraday falling 200ma will hold, but on second hit at exactly 3:30, it went right through to close at 940.
tick tock...
this market feels just like that, no matter how hard you push, it always come back up.
i was so sure the intraday falling 200ma will hold, but on second hit at exactly 3:30, it went right through to close at 940.
tick tock...
Quote from Nexen:
Glad to hear you took the criticism well, I could not help pointing it out. Countless times Ive said to myself, "This Saliva guy would be way better if he wasn't always so darn bearish"
That may or may not be true. Sometimes you give a little up in profit to get it back 10 fold on a better opportunity later. Tolerating a higher drawdown can def pay you back with above average profits.
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