ES Wednesday 18/Jan/2012
anyone selling the plus 8 today..? anybody here ?? They are trying to breakout from last weeks highs again
critical resitance at 99 - 1300.25....
95.50 should be retested and soon!
critical resitance at 99 - 1300.25....
95.50 should be retested and soon!
I sold both +4 and +8, Bruce - got stopped out. Today news are stronger than pitbulls...lol
the pitbulls bought the open print on the way back up...we opened and dropped 2.5 points below the open and took out the overnight low...so they were buyers...once we went 2.5 points on both sides of the open then the pitbull window is closed....
but I can see how the plus 4 was useless number so far today....I think they will come back to the plus 4 again today..
sorry for your loss Lisa...first hour trend needs to consolidate...so now is a good time for that
but I can see how the plus 4 was useless number so far today....I think they will come back to the plus 4 again today..
sorry for your loss Lisa...first hour trend needs to consolidate...so now is a good time for that
Originally posted by Lisa P
I sold both +4 and +8, Bruce - got stopped out. Today news are stronger than pitbulls...lol
thanks for your comments Bruce - I am learning
Della, Bruce, I understood that once the "significant" point, such as LVN, is traded through, it is no longer valid for trade initiation. Is that correct?
it was traded though today but still today it looks like air from 91.00 to 92.50 On my TPO
that is generally correct Lisa but today is different because we blew through the LVN of 92.50 from yesterday and created low volume again in the same zone....
with the high of last week at 92.75 it is obvious that somebody with more money than all of us is using that high to run stops above and below so that area is STILL important..
sometimes it is easier to combine days ( especially when we are trading inside the prwevious days range) to one profile just to see the areas better
as long as the 99 - 1300 holds then they will come back to the 1292.75 and that lvn node again today...
with the high of last week at 92.75 it is obvious that somebody with more money than all of us is using that high to run stops above and below so that area is STILL important..
sometimes it is easier to combine days ( especially when we are trading inside the prwevious days range) to one profile just to see the areas better
as long as the 99 - 1300 holds then they will come back to the 1292.75 and that lvn node again today...
a low volume zone was created on top of yesterday's low volume area of 91-92.5 so we could be revisiting that area...but first things first, we have a single print at 94.75 and the top of the buying tail at 93.25, right before that "double" low volume area
i was typing while bruce was posting so did not see his post, but same idea i guess...obviously his is sexier lol
Originally posted by BruceM
critical resitance at 99 - 1300.25....
The S&P has been testing 1300 for about 30 minutes?
Anyone trading off this?
here comes buy stops
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