the londonkid report

[newwurldmn]

i think the spoos high could be in for now and the pullback begins. Several reasons for this. Consider this sort of buying behaviour off a rising trend line below. I don't want to attract a 7hit storm here but dealers use these points to flatten out inventory. The last little run up was oil based. Of course I could be wrong but I fully expect this rising trend line to be taken at some stage.

View attachment 162024

How do these three different calls with different levels relate to each other?

 

[londonkid]

So these are CFD charts? Posting a TL based upon a dealer-mkt is pretty pointless.

in your opinion it is Dest. thing is it doesn't work like that does it, you know where you tell me what to do lol. heres the kicker. I actually pay for the full cqg front end and pro data. I have 2 x (2 x 2) screen setups at the firm/home but i actually prefer using free charts/software on my laptop. Once you have reached a certain level you don't need anything else.

The ES is trading 26 as I type this, not 30. We can't even trade that stuff here in the US. You may want to chart an exchange product as probably 95% of the people here trade the futures.

control denied. I trade how i want not the other way around.

So you really think a TL that is 20 ticks (30.70 - 25.70) below the market will be taken out? A TL five points below the market? That is significant to you?

the TL is insignificant to you Dest. Here is the bind you will find yourself in. Traders bought off that TL from 1 hour after the open for a period of 5 hours. If you think the way those traders are positioned is insignificant to the participants that move price then you are mistaken. Either way that TL will get taken, yeah I am calling now but it may be later. Trust me the people that matter will not forget it is there. Sorry I showed you up today. bisous

 

[destriero]

So how long is that trend-line significant? An hour, week, month? Wouldn't you think that it's likely to be broken tonight, considering that even an hourly stat-vol or ATR during the EU-session is greater than 5 points? IOW, it's statistically, noise.

Like your bottom at 84 that was taken out in two hours.

 

[stepan7]

Just before you steal my thunder I am calling 2000 cash in spoos, shortly followed by 2040 cash in spoos by the end of Q1. I have stated this earlier in the year but I am putting it out there now. Ultimately though I do believe we will see spoos through 1800 in the longer term and another round of QE in the US. I don't have a timescale for this as there are too many unknowns.

View attachment 162019

Agreed about 2000-2040 target, but we have some obstacles on the way up.

 

[londonkid]

How do these three different calls with different levels relate to each other?

all I am saying nwurld is I believe we will see a pullback to around 1910 tomorrow and finish the week by hitting 1955 (all cash prices). The 1932 level is just where I think the move up in spoos is capped for the next few hours then we begin the move down towards 1910. Of course anything could happen, let's see.

 

[romik]

I don't know about 1910 or 1950, I see upside move hasn't completed yet. I sense another green day tomorrow.

 

[stepan7]

And weekly channel up isn't broken yet.

 

[londonkid]

So how long is that trend-line significant? An hour, week, month? Wouldn't you think that it's likely to be broken tonight, considering that even an hourly stat-vol or ATR during the EU-session is greater than 5 points? IOW, it's statistically, noise.

Like your bottom at 84 that was taken out in two hours.

look dude. I don't want a troll fest. I am going to control deny you, I know you are used to getting what you want but I am not going to answer your questions. If you cannot understand the difference between calling for a level to be hit and calling the low of day that's not my problem. I gave you the low of the day to 5 ticks, the direction and the high of day - you called bearish outside day. QED I have proof of you admitting you were wrong calling a bearish outside day. Let's just leave it there, save your blushes.

It will just end up with you looking foolish. You have already stated that TL is insignificant, you are already backpedaling/slithering.

 

[newwurldmn]

all I am saying nwurld is I believe we will see a pullback to around 1910 tomorrow and finish the week by hitting 1955 (all cash prices). The 1932 level is just where I think the move up in spoos is capped for the next few hours then we begin the move down towards 1910. Of course anything could happen, let's see.

Okay.

To clarify:

you see 1930ish as a top this evening, 1910 by Friday and 1955 by the close on Friday 4pm.
By the end of March, you see the spx hitting 2040.

 

[destriero]

look dude. I don't want a troll fest. I am going to control deny you, I know you are used to getting what you want but I am not going to answer your questions. If you cannot understand the difference between calling for a level to be hit and calling the low of day that's not my problem. I gave you the low of the day to 5 ticks, the direction and the high of day - you called bearish outside day. QED I have proof of you admitting you were wrong calling a bearish outside day. Let's just leave it there, save your blushes.

It will just end up with you looking foolish. You have already stated that TL is insignificant, you are already backpedaling/slithering.

Of course the "25.70" (ES 24.00) TL is insignificant... as it's inside a 1HR stat-vol. You really think that a ES 24.00 trendline is going to hold? Even overnight? Further, it has nothing to do with 1910 before 1955. You can't hold the TL and achieve both figures; so what's the point of the trendline in light of your weekly analysis? A TL set 0.2% away from the market, lol.