5/5 Midday Trading?


  • 0
  • MonkeyMeat
  • 5-May-2009 at 1:41 PM
  • Rep: 12.7k
  • Posts: 1,334
Snore! After an NR/4 (NR/7) the mkt broke out yday and gave us a WR day up to the top end of what I have as an upper trendline across the past few weeks on the daily. Currently we have an ES range of 11 points ... which is narrower than the Friday NR. Are odds pointing to an increase in today's range by the close ... in other words, a semi-decent break of the session's current high or low??? Have posted an ES daily chart with a channel in blue. Shorted the NQ a little bit ago ... decided to scratch for a few ticks. Anyone seeing anything of significance as of yet?


Click image for original size
No Description Entered
  • 0
  • CharterJoe
  • 5-May-2009 at 9:28 PM
  • Rep: 4,475
  • Posts: 2,352
quote:
Originally posted by SPQR





And Joe said we should be in the 70s today to buy this thing. Throwing everyone for a loop. Sure we're going up?





What does this mean? I have a short @ 897 targeting 877, I have a reverse set for this weeks range (905). I never said anything about it having to be in the 70's for me to buy.... LOL I'll buy like a greedy newbie if this thing breaks up.

Who did I throw for a loop? I'll bet my bottom dollar on it, until I see weakness, and I have not seen weakness for weeks.

And...yes were going up.

  • 0
  • SPQR
  • 5-May-2009 at 9:47 PM
  • Rep: 0
  • Posts: 519
My moving averages quit working! lol!
  • 0
  • CharterJoe
  • 5-May-2009 at 9:55 PM
  • Rep: 4,475
  • Posts: 2,352
Whats up with the big move down?? Looks like I may get 77
  • 0
  • CharterJoe
  • 5-May-2009 at 10:23 PM
  • Rep: 4,475
  • Posts: 2,352
SPQR,

They started breaking down @ 8:30 mark you had for a bottom was that a planet ingress or something like it?
  • 0
  • CharterJoe
  • 5-May-2009 at 10:24 PM
  • Rep: 4,475
  • Posts: 2,352
92.75 covered short and trying a long. The 30min RSI is hooking, 30min high breached
  • 0
  • CharterJoe
  • 5-May-2009 at 10:36 PM
  • Rep: 4,475
  • Posts: 2,352
quote:
Originally posted by CharterJoe

92.75 covered short and trying a long. The 30min RSI is hooking, 30min high breached



Covered 1/2 @ +3 Stop at flat +1tick for broker. Lets see if they take'em back up.
  • 0
  • MonkeyMeat
  • 6-May-2009 at 9:12 AM
  • Rep: 12.7k
  • Posts: 1,334
Some good overnight trade entries, both short and long Joe !!
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.