MyPivots
PO
popstocks
Rep: 100
Posts: 358
I still smell a rally to the upside.
KA
karend
Rep: 0
Posts: 65
You should be koolblue! You are definitely a great trader/scalper. High Five.
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
pit session 50% retrace area around 08.5
MA
Margie
Rep: 94
Posts: 364
Kool am I right to say 12:19 could be another high?
KO
koolblue
Rep: 48,651
Posts: 16,032
Not really Karen, Charter Joe and Bruce M. are better but i do make money, consistantly, and thats the name of the game i guess!
MA
Margie
Rep: 94
Posts: 364
sorry 3:19 ET
ST
stb
Rep: 200
Posts: 39
kool, i see that short at 1216-17 as 50% retracement from 13:45 to 14:20 and 1m indicators oversold . i wonder if that is why you did it
KO
koolblue
Rep: 48,651
Posts: 16,032
Margie, absoulutly! Your getiing the hang of it.. OF course you need to watch yourtehnicals when you get near there.
KO
koolblue
Rep: 48,651
Posts: 16,032
STB,no to be honest i wasnt aware of that. Near the peak, my 1 min %r was above 92 ,stoch up there also. Dont forget the neg. divergencies at 1224 area on the 15 min. chart i mentioned. So, iwas looking for a more significant decline than what we had seen so far , i decided to sell 2.5 above the 5 min avg which was around 1214.25 this is because vol. was dropping off (1min. chart as we climbed we stalled at the avg for a min or so and because of the above resons i just didnt think it had enough power to go avg plus 5 . so i used the next minor division of avg plus 2.5(1216.75) put my order in one tick lower for a sure fill. ishould point out it went to 1217.50 if memory serves so it certainly wasnt perfect
KO
koolblue
Rep: 48,651
Posts: 16,032
Margie 5 min tech. over half way up to over bought ... this could be a good scalp in your time frame.
KO
koolblue
Rep: 48,651
Posts: 16,032
Margie , i may join u ...%r is around 80(want 92 or better, stoch. around 60-70 so clearly were getting there!6-9 min.
CH
CharterJoe
Rep: 4,475
Posts: 2,352
Half out at 93 +19 on those...SL on rest at 1210, next target is 1174.