ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

The more interesting question is that whether a close of 2% down is allowed.
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At the exact moment 2% down was tagged on NDX, buy programs fired off.

Bad boys! =)
 
Quote from justtrade01:

Lawrence Chan, I checked out your post at

http://www.daytradingbias.com/?p=550

Could you please tell, what are these Blue Levels ?

Have you drawn them after the fact ?

Or were they projected beforehand and then price reacted so well from these levels ?

Do you draw them by hand or if this is some auto drawing stuff of NT ?

Thanks

PS : Sorry to post the GBPUSD chart in the ES thread.
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Blue lines are the monthly and weekly range for the period. They are not projections.

They are very good guidelines for monitoring price actions the period right after.

They are auto drawn.
 
Quote from tortoise:

unless, of course, "everybody" expects precisely that ...
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There are multiple mobs controlling the price behaviour.

The one that wanted the break failed to get what they want when the mob of 2% buyers stepped in, that's all.
 
Quote from Lawrence Chan:

Blue lines are the monthly and weekly range for the period. They are not projections.

They are very good guidelines for monitoring price actions the period right after.

They are auto drawn.
More...

Thank you :)
 
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