I thought that we could use a refresher and some basics in case we have some new folks here. Most will know this stuff but hopefuly this will inspire some questions or help clear up any questions regarding the use of high and low volume in your analysis. Here is todays chart with the key areas labelled for Thursdays trade.
SA
sandoxe
Rep: 445
Posts: 418
Short at 1147.75 stp at B.E. 1st objective at 1141 2nd objective at 1131, possibly midnight tonight.
ES now trading 1145. at 13:49 E.T.
ES now trading 1145. at 13:49 E.T.
SA
sandoxe
Rep: 445
Posts: 418
Yes BM I will post a chart latter saying why.
Stop out B.E. 1147.75 @ 13:57 Will try again latter.
Stop out B.E. 1147.75 @ 13:57 Will try again latter.
SA
sandoxe
Rep: 445
Posts: 418
LOL sorry i got tide-up in other things and wasn't able to post timely. ES hit the objective at 1141.00 and currently testing it as S/R.
ES trading 1140.50 @ 14:08
ES trading 1140.50 @ 14:08
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
Just wanted to weigh in here. Bruce, Lorn et. al. and all the questions, comments and answers from others in this topic are absolutely great. It dawned on me that I was reading some "real" and usable analysis and strategy that goes way beyond what any trading book or trading tutorial can communicate.
This is the best topic/thread today that I've seen since I showed up at this popsicle stand a couple of years ago - period! So much value offered and lots of great learning, sharing and trading! There's much to be said about rereading this thread from beginning to end multiple times ... and referencing the charts. Obviously air and triples (and other terms that may be unknown to some) etc. are ancillary info that can be clicked on for a definition ... with further explanation available using the search capabilities.
GREAT STUFF!
(btw, nice to see ya back Lorn!)
MM
This is the best topic/thread today that I've seen since I showed up at this popsicle stand a couple of years ago - period! So much value offered and lots of great learning, sharing and trading! There's much to be said about rereading this thread from beginning to end multiple times ... and referencing the charts. Obviously air and triples (and other terms that may be unknown to some) etc. are ancillary info that can be clicked on for a definition ... with further explanation available using the search capabilities.
GREAT STUFF!
(btw, nice to see ya back Lorn!)
MM
FU
Futurestr8r
Rep: 50
Posts: 24
Agree, it's such a relief to find you folks, Great to be in presence of MP & VP traders especially when no one is trying to sell you some BS indicators or subscriptions, Thank you
