Am I sensing some euphoria in the market?
JI
jimkane
Rep: 3,058
Posts: 33,089
quote:Check your e-mail, T.
Originally posted by TonyC
Hey Jim, M , if you are reading, please honor us with your presence in Scott's chatroom we've requested your participation in there for today...it's better for more active posting there and more fun too. I'll be in there today. So see ya in the chat.
regards,
T
JI
jimkane
Rep: 3,058
Posts: 33,089
.886 gap, got to take it serious, but off the first swing PB there, not the .886 itself, due to the long side up to that point.
JI
jimkane
Rep: 3,058
Posts: 33,089
But got to be on the long side except for small countertrend moves, as this thing knows nothing but 'up', in my opinion, until it doesn't anymore.
TO
TonyC
Rep: 99
Posts: 471
ok J, i sent reply email to ur email
I saw the .886 roofer gap and mentioned to M who saw it too. I didn't play short side today...
we were pretty active KT wise and M made great price action reads today.
I saw the .886 roofer gap and mentioned to M who saw it too. I didn't play short side today...
we were pretty active KT wise and M made great price action reads today.
TO
TonyC
Rep: 99
Posts: 471
i just played long side @905, off the upsloping support TL test on the 15/30 min chart.
JI
jimkane
Rep: 3,058
Posts: 33,089
942 is the next area I am looking at on the daily. If it could get there by tomorrow, it would also hit the key time factors. At the rate of climb, it really wouldn't have any problem hitting that tomorrow. But I can only see the stress test as good news, and the same with the jobs report, so I'm not quite sure how a sell the news would even play out. And even if it did drop, I would be hard pressed to see it being more than 10 points, and then right back up.
TO
TonyC
Rep: 99
Posts: 471
awesome day of trading..plenty of setups and plenty of drama . I did pretty good on the longs. although there was that nice short setup at the now pt 3 of that 4pc pattern (wich was .886 roofer gap play with upper // test of std ML set,warning line from big daily set, another .886ret off jan 5 to Mar6 leg down, and SL going into area too). I did not get into any shorts today as I saw the daily flow was clearly up and context wasn't there to support holding anything beyond an intraday swing play, so the reward potential, in my opinion, was limited and rollover risk higher due to bullish tape bias. Overall it was a busy day but a satisfying one because it feels nice to end the day in the green not because of just luck but because the methodology worked well and the clues in the price action were clear to me.
The overnite Globex action last nite was superb too. maybe repeat tonite again?...
940..1015...? who knows?..im just glad it sees the areas im working with. So far so good.
Tomo, you are getting sharp in your pattern recognition and the KT methods, it seems.That's good to see/hear. May the force be with you.
okay im done for today.Gotta get some Z's before hitting the globex action.No charts ,sorry. Im too tired and I'm getting lazy now.
T
The overnite Globex action last nite was superb too. maybe repeat tonite again?...
940..1015...? who knows?..im just glad it sees the areas im working with. So far so good.
Tomo, you are getting sharp in your pattern recognition and the KT methods, it seems.That's good to see/hear. May the force be with you.
okay im done for today.Gotta get some Z's before hitting the globex action.No charts ,sorry. Im too tired and I'm getting lazy now.
T