42.50 - 44 is first resistance to go back to 38- 39 area...( lots of stops at 40.25 now )above is 47 - 49.25 for sells to use 44 as a target
this is a bracketed market still and all the volume this week is in this 42.50 - 44 so these sells are harder I think...safer sells are higher up in that upper zone
below the 38 area i will wait till I see trade under 35 to look for longs
KO
koolblue
Rep: 48,651
Posts: 16,032
Click image for original size
Click image for original size
Click image for original size
Click image for original size
G
G Runt
Rep: 290
Posts: 68
Originally posted by koolblue
Just sold 1345.00 to front run the 1345.33 on my chart...
catching the high tick...not bad.
KO
koolblue
Rep: 48,651
Posts: 16,032
Originally posted by G RuntNo, the high tick was 1345.25 ...right at my price projection
Originally posted by koolblue
Just sold 1345.00 to front run the 1345.33 on my chart...
catching the high tick...not bad.
JO
johnpr2010
Rep: 2,285
Posts: 274
I am correcting the number to be 1345.25 to 1345.50. I did the measure wrong by one tick.
G
G Runt
Rep: 290
Posts: 68
Originally posted by koolblue
Originally posted by G RuntNo, the high tick was 1345.25 ...right at my price projection
Originally posted by koolblue
Just sold 1345.00 to front run the 1345.33 on my chart...
catching the high tick...not bad.
for entry purposes of course as you were selling. I know the actual tick. My congrats are still in place.
KO
koolblue
Rep: 48,651
Posts: 16,032
ohhh ,i see what u mean... sorry , i thought maybe your charts were off!
KO
koolblue
Rep: 48,651
Posts: 16,032
well lets see, high was 1345.25 ,then initial move to 1343.25 for an initial move of 2 handles, so the 1.618 is 1342.00 and the 2.618 is 1340.. so i will exit 1342.25 if they let me . I always exit early to be safe! (ps: thats currently the red avg on the 5 min chart)
KO
koolblue
Rep: 48,651
Posts: 16,032
Note that to reach the 'average' daily range we need to go to about 1348.25 (14 handles)
ET
ETM
Rep: 967
Posts: 94
Originally posted by Dubya
Many Thanks to all the traders who kept shorting this market all the way up today and buying back above new highs..could not have done it without you....just kidding..the real credit goes to the Goldmans and Chases aand Wells Fargos of the world that make up 80% of the emini market..their computers all decided to pretty much go in the same direction today...and that I believe is educational...tomorrow is a new day..we will see what they decide to do tomorrow...I will leave the predictions to others...quite frankly, I am not that smart....
Less snark
More helpful input.
Do you ever post your trades as they're made?