Below is a 60 minutes chart with the S/Rs for night and day traders.
Above 1233.75 I will be buying and focusing on uptrend.
if, below 1229.25, I will be selling and focusing on down trend.
Notice that in the chart there's a wedge and the measurement objective is down at 1205.00. Will see if it give it to us.
Later I will post the follow up chart for the 11/16/11 sessions. I try to play both sessions but by 14:00 I was too tire. lol
The market has the last word and in due time will show us the real deal in dollars and cents.-.
Right now, next hours, next days, next weeks, next months and next years to come, I see for you the same I see for my self: Having the very best of luck, fun, awesome, and incredibly profitable trading experience!!
SA
sandoxe
Rep: 445
Posts: 418
Tuff trade Lisa, that coil still unfolding. But, good shot, we never know till the market unfolds
Originally posted by Lisa P
My stop on long trade is below 1229
SA
sandoxe
Rep: 445
Posts: 418
Trace that support trend line in the 10 minutes chart and then a resistance trend line. you will see the coil. or wedge wherever you want to call it. Will trade the breakout .
LI
Lisa P
Rep: 6,498
Posts: 1,428
SandOxe - call it a pennant, as that is what it is...lol
We are still trading in pre-market range. A reminder to me not to trade in the middle of the range. Oh well....
We are still trading in pre-market range. A reminder to me not to trade in the middle of the range. Oh well....
LI
Lisa P
Rep: 6,498
Posts: 1,428
They should move from Wall Street to pensilvania Avenue - where headquarters are...lol.
SA
sandoxe
Rep: 445
Posts: 418
Stop at B.E. now. objective 1220 O/N low and possibly lower, will if give it to us
SA
sandoxe
Rep: 445
Posts: 418
Ok, LOL
Originally posted by Lisa P
SandOxe - call it a pennant, as that is what it is...lol
SA
sandoxe
Rep: 445
Posts: 418
Thx DT. In the world of trading, votes are the list of my concerns.
I do need it to clear that up today. People are going to come with "their secrets" But what they don't know is that in the trading industry, there no secrets. I assure you it has being done before!
But new people don't know that, and they are gullible and they think that that's the magic bullet LOL Till they own it and find out that it was not!
I love what is taking place, so much learning, in every direction...........
Thank you again DT.
I do need it to clear that up today. People are going to come with "their secrets" But what they don't know is that in the trading industry, there no secrets. I assure you it has being done before!
But new people don't know that, and they are gullible and they think that that's the magic bullet LOL Till they own it and find out that it was not!
I love what is taking place, so much learning, in every direction...........
Thank you again DT.

