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jimkane
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Posts: 33,089
Okay, let's crank up another great week in here. The market action should be awesome again, I suspect.
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jimkane
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Posts: 33,089
Game plan the same as always, same as discussed here many times. They pull it back in the overnight right off the area posted Sunday, right in the morning time window I look for, right to an expected area (do the work, I mean, C'mon, really, look at that, day after day), then, with a retest in specific manner I show mentor students, they start the linear manipulation grind. Same old, same old. Like I've said in here before, I don't know how long this will last, but it is amazing and incredibly predictable in my opinion. Honestly, I can't believe it's happening over and over. For certain skilled traders this can be like shooting fish in a barrel, I think.
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jimkane
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Posts: 33,089
One ES tick from the 'bulls#%&' market high...
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jimkane
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Posts: 33,089
The Dow is already at a new all-time high. Notice the MidCaps, Russell, and Trannies, though. Is that a clue?
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jimkane
Rep: 3,058
Posts: 33,089
Anyone short that 1-2-tick area?
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jimkane
Rep: 3,058
Posts: 33,089
So, rat, did you hit this, and then take it off as a 'scalp' when it started to bottom? How did you handle this one? Thanks.


Originally posted by rat89

to the penny??


Click image for original size

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jimkane
Rep: 3,058
Posts: 33,089
A little 1-min bullish ABCD here. Clue time.
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jimkane
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Posts: 33,089
First reaction is an explosion up off the 1.000 ABCD to the tick.
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jimkane
Rep: 3,058
Posts: 33,089
How could it not make the new 'bulls#%&' market high here???
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jimkane
Rep: 3,058
Posts: 33,089
Let's see how big the stop pop is. I suspect actually not that big. In 'the old days' it would usually be quite large in my experience, but nowadays it's usually not so large in situations like this, again, in my experience.
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jimkane
Rep: 3,058
Posts: 33,089
JI
jimkane
Rep: 3,058
Posts: 33,089
I was going to ask you, roofer, if you caught that gold move, and I decided to look back again at your posts, and I see you caught it via the GDX, and the oil move, too. Nice. Wait a minute, I just realized, what's the point of this post? Hmmm, I guess there is none? At least it will up my post count by one.