BR
BruceM
Rep: 216,211
Posts: 19,895
Up here at 845 ES....S&P is holding back this rally today...where the HECK is my plus or (hopefully) minus 8 - 10 range? has everyone gone to 24 hour trading???
BR
BruceM
Rep: 216,211
Posts: 19,895
could you give a brief explaination when you have a chance red....I see a bar that closes on it's high with good range followed by an inside bar...good volume too!
quote:
Originally posted by redsixspeed
in candle theory that high volume 5min. bar @ 3:40edt
is distribution
CH
CharterJoe
Rep: 4,475
Posts: 2,352
I covered +4.5, got some strong over sold readings
(edit 5 too 4.5)
(edit 5 too 4.5)
BR
BruceM
Rep: 216,211
Posts: 19,895
interesting how the ask volume surged on that VWAP hit...don't mind me..I just use this place as a journal sometimes
BR
BruceM
Rep: 216,211
Posts: 19,895
and the single prints....very cool....u get the trade of the day award joe.....a real beauty!!! was that based on your RSI work??
BR
BruceM
Rep: 216,211
Posts: 19,895
30 minute has some interesting bars...two outside bars and the highs....hope u guys enjoy the weekend....always a pleasure!!
RE
redsixspeed
Rep: 4,111
Posts: 1,711
Click image for original size
At a high price area big volume and little price
movement = distribution and should be viewed as
topping
CH
CharterJoe
Rep: 4,475
Posts: 2,352
quote:
Originally posted by BruceM
was that based on your RSI work??
Yes, every single trade I make is based on 30min RSI, thats why I wanted to devote a thread to it cause' its just not for long term trades. I watch every tick the RSI makes, watch it bounce off old lows/tops, follows a trend line like a dream, "W" and "V" tops and bottoms it works really well.