This I assumed was in relation to the discussion we were having about the charts that were posted which showed a double top (or a slightly lower high) in the ES at 2100. Your point that it was a trap wasn't exactly a call to go long. Was taking shorts yesterday not a good play? Clearly it was, so playing the double top worked out for many traders I'm sure, even if it doesn't mean a long term bear market.
Exactly, so this wasn't a call in the ES. Sure the NQ dropped as well, and Apple would have influence on the NQ, but the discussions here are around the ES, and you gave targets for Apple.
Oh and the attitude, we always pay, always.A double top is widely considered to be a bearish formation.
If it's not a double top then it's a range or a bullish formation, either way it's interpreted as bullish meaning up, that is very basic I would think.
The time of the posting was also not coincidental, which also happened to coincide with the support area stipulated in AAPL, again, not coincidental, but one learns over time to read between the lines when I post, the gold nuggets are there, you just have to learn about them. It's the price to pay for not having a newsletter or subscribers
I would prefer a bit more detail about how you read price. The gold nuggets are of course nice, but that whole crap about teaching someone how to fish works better for me.A double top is widely considered to be a bearish formation.
If it's not a double top then it's a range or a bullish formation, either way it's interpreted as bullish meaning up, that is very basic I would think.
The time of the posting was also not coincidental, which also happened to coincide with the support area stipulated in AAPL, again, not coincidental, but one learns over time to read between the lines when I post, the gold nuggets are there, you just have to learn about them. It's the price to pay for not having a newsletter or subscriber
I would prefer a bit more detail about how you read price. The gold nuggets are of course nice, but that whole crap about teaching someone how to fish works better for me.
I can deal with the attitude if you can offer a bit more. I'm really curious about how you're reading price, especially that comment earlier about which way a range is more likely to break. Here is apple, once the range low is breaking, this is hardly the best place to sell, as often these can go right back up, even to the midpoint of the range. Now of course they might not, so you can't wait. But shorting below the low of a range means taking on a greater risk in my opinion. Initiating a short is best at the top of the range, and if it breaks, great, if not, you got time to get out. Please let me know about my thought process.
Also, how did you get the lows for apple in advance? If I consider the move up from the 17th and track a 50% level, this is one good way, but far too general, and not precise enough. Care to comment some more?
Yes.. that would be nice.What you would prefer is hand holding, I only do that with PABuster, my only subscriber, oh ya for free
PM please if you ever feel generous. It never hurts to ask.
