Good Morning Traders !
VAH 930.50
POC 925.50
VAL 922.00
Weekly R1: 954.50
Weekly PP: 904.00
Daily R2: 944.00
Daily R1: 935.75
Daily PP: 926.00
Highest High in last 20 trading days: 934.25
I will be watching what happens at R1 with great interest this morning ! Also watch the IB high for indications of a trend day if price is accepted above R1.
ES Daily Notes 5 Jan 2009
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
quote:
Originally posted by myptofvu
I thought for the 80% rule you had to start within the the VA then if you broke out a bit and came back inside it had an 80% chance of reaching the opposite VA.
That may be true but its not how I was taught. I was taught any breach into value from ourtside of it from either end, and a hold into 2 periods, triggers it and it stays valid until it fulfills or fails. Even when it fails I have been taught to watch for unfulfilled "80%s" because like gaps, they eventually fulfill / fill.
MY
myptofvu
Rep: 2,018
Posts: 666
quote:
Originally posted by prestwickdrive
quote:
Originally posted by myptofvu
I thought for the 80% rule you had to start within the the VA then if you broke out a bit and came back inside it had an 80% chance of reaching the opposite VA.
That may be true but its not how I was taught. I was taught any breach into value from ourtside of it from either end, and a hold into 2 periods, triggers it and it stays valid until it fulfills or fails. Even when it fails I have been taught to watch for unfulfilled "80%s" because like gaps, they eventually fulfill / fill.
Thanks PWD
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
quote:
Originally posted by BruceM
Hey PWD...how fast have you seen the "BIGS" flip from net long to net short? Reason I'm asking is that I'm wondering what it looks like on your chart when the rally it up like they did this morning and then roll it over....thanks
Bruce - Here is today's action so far. Bigs are the white line. Right after I said smalls were starting to sell they bought fairly hard and bigs bought off of their net zero line too. The number on the right is the big $ level but the scale tis the same on this chart for bigs and smalls.
Click image for original size
MY
myptofvu
Rep: 2,018
Posts: 666
quote:
Originally posted by myptofvu
long @924.75 off the Triple Lindey
looking for 928.75
