The weekly thread for actual trading opportunities (Futures, Forex, Stocks, ETFs ...) and general market discussions.
Trade well!
RO
roofer
Rep: 3,689
Posts: 3,574
i took this trade with clear entry and planned exit....willing to ignore all they noise, no matter how beautiful.AND tradeable...
JI
jimkane
Rep: 3,058
Posts: 33,089
Yes, I assumed such, I'm just impressed by your fortitude on this one.
JI
jimkane
Rep: 3,058
Posts: 33,089
quote:And the 4PT plays out like clockwork. Watch the 1.272 off that in here now for the next clue.
Originally posted by jimkane
Hey, all, watch this little potential 4PT here in the ES, it should give us a clue if the MRRD's are going to hit the double .886, or if they are going to let it roll down more.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, although this may do anything, even roll down for another low, I'm really curious to see if they get it to 78 here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Bail 'em out Benny
Helicopter Ben
Benron
Bernquacke
Not sure which one I like best...
Helicopter Ben
Benron
Bernquacke
Not sure which one I like best...
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah, only 77 so far. But, nine more minutes, so let's see. But, it did roll off that 4PT, and did reverse off the 1.272 area, and has taken one heck of a shot at 78, so, yeah, I guess I've got a good read going.
JI
jimkane
Rep: 3,058
Posts: 33,089
77.50, not quite 78, but...
Rock me, Jimadamus.
Disclaimer: This is just for fun, I make no claims and no predictions. I'm just having fun here with the crew.
Rock me, Jimadamus.
Disclaimer: This is just for fun, I make no claims and no predictions. I'm just having fun here with the crew.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll solve the mystery. I probably should have left this for a day to see what anyone might come up with, but I want to finish up my week here, so I'll go ahead.
Note that this is not the basis for my trading, only one more factor I can add to my methodology when I see it. SL comes in, so I put the standard SL set on there, and watch the ML. Among many other things, it overlaps with an obvious .300 and .564. Hence the 78 (maybe 77.75?)
I also noticed another SL and set for that, and the upper // hits at the obvious .886 at 77.50, right in the general area.
It's splitting hairs to try to call these two areas, or to try to find an ES area even as small as two ticks, so in reality all this is one area, and it hit it dead on. I never should have said I was watching 78, instead I should have said 77.75 plus or minus a tick or two, but I really thought it might want to hit that ML dead on and quit right there for the week. So, that's one of the things I was watching for that mystery area...
Charts created on QCharts, courtesy eSignal.
Note that this is not the basis for my trading, only one more factor I can add to my methodology when I see it. SL comes in, so I put the standard SL set on there, and watch the ML. Among many other things, it overlaps with an obvious .300 and .564. Hence the 78 (maybe 77.75?)
Click image for original size
I also noticed another SL and set for that, and the upper // hits at the obvious .886 at 77.50, right in the general area.
Click image for original size
It's splitting hairs to try to call these two areas, or to try to find an ES area even as small as two ticks, so in reality all this is one area, and it hit it dead on. I never should have said I was watching 78, instead I should have said 77.75 plus or minus a tick or two, but I really thought it might want to hit that ML dead on and quit right there for the week. So, that's one of the things I was watching for that mystery area...
Charts created on QCharts, courtesy eSignal.