S&P daily pivots and break-down & up Targets
- Thread starter joeb8822
- Start date
Help JB:
I am looking at the S+P chart and the Nasdaq and seeing levels (previous lows) about to be <i>compromised</i>.
In the recent past when these types of scenarios evolved, it seemed that the levels were breached - and then shored up and we advanced significantly perhaps a couple - three days following this event.
I am not a day-trader but am trying to make sense out of what to me sounds like Greek. Please clarify what I am to - in practical terms - do based upon your posts:
What does "could hold on a breakdown" mean?
Obviously we are trading on the ES below 1283.5 and - ok, we went as high as 1286 only to spin out back down.
So does that mean enter a BTO with a stop and get stopped?
What is "LOD" and we are now toggling below 1265 to perhaps as low as 1261.25 so what are we (you) doing/gonna do?
I am not criticizing just trying to figure out what to make from your levels, pivots, triggers, etc.
Bottom line: at what point do we feel confident in enter more short? Also at this level do technical traders typically bounce <i>strongly</i> from here and then retest to then break? Maybe we aren't quite there yet and should wait (as related to a "swing" trader).
Any help from you is appreciated.p$
This is just a numbers game floks but we still have to hold 1257
or BOOOOOOM
DO WE GO <B>BOOM NOW</B> - ACCORDING TO THE MASSES THAT DO THIS "DAY-SCALPING"
I am looking at the S+P chart and the Nasdaq and seeing levels (previous lows) about to be <i>compromised</i>.
In the recent past when these types of scenarios evolved, it seemed that the levels were breached - and then shored up and we advanced significantly perhaps a couple - three days following this event.
I am not a day-trader but am trying to make sense out of what to me sounds like Greek. Please clarify what I am to - in practical terms - do based upon your posts:
What does "could hold on a breakdown" mean?
Obviously we are trading on the ES below 1283.5 and - ok, we went as high as 1286 only to spin out back down.
So does that mean enter a BTO with a stop and get stopped?
What is "LOD" and we are now toggling below 1265 to perhaps as low as 1261.25 so what are we (you) doing/gonna do?
I am not criticizing just trying to figure out what to make from your levels, pivots, triggers, etc.
Bottom line: at what point do we feel confident in enter more short? Also at this level do technical traders typically bounce <i>strongly</i> from here and then retest to then break? Maybe we aren't quite there yet and should wait (as related to a "swing" trader).
Any help from you is appreciated.p$
This is just a numbers game floks but we still have to hold 1257
or BOOOOOOM
DO WE GO <B>BOOM NOW</B> - ACCORDING TO THE MASSES THAT DO THIS "DAY-SCALPING"
paysense.
1283.50-75
was high of day ( HOD) Low of day ( LOD)
I do understand you may have a hard time understanding
my quick post, I will make more sense in the future for you folks
I am a full time trader, and usually in a trade so I am quick to post
And the speed the S&P moves can scare the shit out of anyone.lol
I use time of day and pivots to trade or fade
There are about 15 zones a day with 8 that are big zones
where the market will make a move
I will explain my post better in the future
1283.50-75
was high of day ( HOD) Low of day ( LOD)
I do understand you may have a hard time understanding
my quick post, I will make more sense in the future for you folks
I am a full time trader, and usually in a trade so I am quick to post
And the speed the S&P moves can scare the shit out of anyone.lol
I use time of day and pivots to trade or fade
There are about 15 zones a day with 8 that are big zones
where the market will make a move
I will explain my post better in the future
ok - perhaps you can post regarding my questions after hours.thx
I now see 1286 was a high before the open. If you can though at the bottom of my post I could use some of what you think BEFORE the close.
So you were right on wrt 1283.5 and 1265 going to 1261 and then now moving up? Great. These are the levels I'd like to gain a feeling for if they can be targeted that accurately.
pay$
I now see 1286 was a high before the open. If you can though at the bottom of my post I could use some of what you think BEFORE the close.
So you were right on wrt 1283.5 and 1265 going to 1261 and then now moving up? Great. These are the levels I'd like to gain a feeling for if they can be targeted that accurately.
pay$
Pay$
Well first nothing is easy.lol
but you have to know where the traders are in order to get paid
RULE # 1
who is going to pay you
RULE #2
That is why this market shot up in the morning everyone was short on the open
We will go over this later but remember you always have to know where the traders are MEANING :WHAT PRICE
Thanks,
Joe Baker
Well first nothing is easy.lol
but you have to know where the traders are in order to get paid
RULE # 1
who is going to pay you
RULE #2
That is why this market shot up in the morning everyone was short on the open
We will go over this later but remember you always have to know where the traders are MEANING :WHAT PRICE
Thanks,
Joe Baker
well we need to hold 1273-72 to stay bullish
However late day sell offs have been common but almost to common, watch for a SETUP or head fake
Hard to say what the market is going to do
1276.50 is where the traders are
and 1272.50 is the ones that are stuck
So we have to see what they are going to do
could range between the 2 levels
However late day sell offs have been common but almost to common, watch for a SETUP or head fake
Hard to say what the market is going to do
1276.50 is where the traders are
and 1272.50 is the ones that are stuck
So we have to see what they are going to do
could range between the 2 levels