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    jarek
    Rep: 94
    Posts: 3,474
    2
    (Edited )
    Can the recent high in February stay with us for quite longer than almost everybody is expecting at this point?

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    We may not know the answer to this question for some time to come, but in my opinion this is a viable alternative to consider!
    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    (Edited )
    I'll vote you up, as long as you risked at least 10, preferably 20 points, to make that 2!



    Originally posted by roofer

    based on this chart, i have scratched my short(hey i'll do like the crowd above... pat myself on the back because i made 2 snp points)now you are all supposed to say what a great trader i am and vote me up 10 times!
    Click image for original size

    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader
    you're a great trader



    Originally posted by roofer

    based on this chart, i have scratched my short(hey i'll do like the crowd above... pat myself on the back because i made 2 snp points)now you are all supposed to say what a great trader i am and vote me up 10 times!

    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    (Edited )
    That short may still work out... They sure don't act like it will be going down, but if they lose any control of it here, I think it would do a nice little flush (little, and intraday, I mean). This, while it sits on a bullish KZ at line...
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    (Edited )
    Bullish pseudo-ABCD here in the ES, so watch that closely.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    (Edited )
    They like the ABCD so far. Watch the 3-min downsloping TL right here, to see what it does with it.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. What a slow day after the morning action.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    (Edited )
    Okay, they overcame that TL and confluence. Now we see if new highs are coming, or if that was just a little snap trap because they are bored.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    1
    Yep, just a little snap trap, there's a new low for the move. But it wasn't really any kind of move. To say that short worked out, well, nothing worked out after the first morning move. Nothing but nap time. And now at the 'new low' for the move, it will likely snap up. Some days are like this, you just have to sit there bored, until it closes. Nice call by jarek to leave early...
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    And the obligatory snap up, as expected. Okay, I've had it, see ya all later. Sunday night, right here, I'll be there.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    you mean white bg vs blue? interesting...

    Originally posted by tx_ches

    rat89,
    I like the color contrast on your last charts -easier on my eyes.