Hi ,
The action is getting things moving nicely.We need drama in the markets for this to get going.Those banks stress tests is a non-issue in my opinion,like any human fabricated news, it's just an excuse for creating uncertainty therefore volatility on both sides but we need movement to extract profits so im ok with that.
I'm so glad I closed my overniters right from the open...Globex was just fantastic...
Anyone caught that mini windfall extension gap ? i guess alot of people did too because the fall was hitting all the stops and snowballed right back down to where it began yesterday pm.
Now maybe they pick it back up and engineer a big ramp up. I think it takes one big shock event OR many small shock events to break an established trend.That's why u see many rollovers and false start occurring , or u see one huge climax volume to send in opposite direction.
ok, let's make some dough. And don't be shy expressing ur mind because it can only help your trading. If U don't help yourself, well, nobody else will.
Good trading to all in here
T
RO
roofer
Rep: 3,689
Posts: 3,574
TC - IN THE WAY I TRADE, THIS MORNING WAS PERFECTION.... BOTH THE TRADE AND .886 ON GAP.CHARTS
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MR
mreiserer
Rep: 110
Posts: 2,220
according to my records 901 should be next unless they want to do the DB thing
TO
tomo
Rep: 110
Posts: 238
good to be short this one :) TD ABCD worked ... it took a little longer but worked
TO
TonyC
Rep: 99
Posts: 471
Tomo,
sorry took so long to reply.
An extension gap is a price gap on the open that occurs farther beyond the highest high of an uptrend, therefore it is 'extending' the trend(same in reverse for downtrnd). This pattern often signals climax/exhaustion or sometimes continuation of trend momentum depending on various factors and circumstances.
this morning 9:30amET was an extension gap and the subsequent action dictates if it is an exhaustion gap or a continuation gap.But in realtime when it occurs u just don't know yet wich way it'll go.That's why u can't classify the gap pattern until afterward when it's too late.The windfall refers to that gap being a favorable gap for my positions held.See Jim's books on windfall and shock events.You can find plenty of litterature about gaps in classic TA books too, or even online.Just google around.
T
sorry took so long to reply.
An extension gap is a price gap on the open that occurs farther beyond the highest high of an uptrend, therefore it is 'extending' the trend(same in reverse for downtrnd). This pattern often signals climax/exhaustion or sometimes continuation of trend momentum depending on various factors and circumstances.
this morning 9:30amET was an extension gap and the subsequent action dictates if it is an exhaustion gap or a continuation gap.But in realtime when it occurs u just don't know yet wich way it'll go.That's why u can't classify the gap pattern until afterward when it's too late.The windfall refers to that gap being a favorable gap for my positions held.See Jim's books on windfall and shock events.You can find plenty of litterature about gaps in classic TA books too, or even online.Just google around.
T