The ES stopped at 2007 doing a great job hitting stop loss orders.
A stronger resistance is between 32 and 44, I guess.
But before that, I would suppose a correction to low 70s.
MA
MarcinO
Rep: 67
Posts: 5,506
Right. Just look at Pound 1-minute TF. 40 pips up in one move without warning.
Originally posted by jimkane
I am thinking any long side must come with some pretty decent confirmation because this just can't seem to show any signs of anything but weakness. My experience, in the machine age, is that the machines just get the command, and it explodes, no signals at all as far as you can feel it building up. I am waiting for that in here, but suspect, as is frequently the case, they will just come out of nowhere when ready. I am wondering, though, if I'm just totally off on this. It sure does look ready to drop any second...
JI
jimkane
Rep: 3,058
Posts: 33,089
Welcome my son, welcome to the machine... Pink Floyd (obviously).
Originally posted by MarcinO
Right. Just look at Pound 1-minute TF. 40 pips up in one move without warning.
Originally posted by jimkane
I am thinking any long side must come with some pretty decent confirmation because this just can't seem to show any signs of anything but weakness. My experience, in the machine age, is that the machines just get the command, and it explodes, no signals at all as far as you can feel it building up. I am waiting for that in here, but suspect, as is frequently the case, they will just come out of nowhere when ready. I am wondering, though, if I'm just totally off on this. It sure does look ready to drop any second...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, there's the backtest. We are about to find out what their intentions are.
MA
MarcinO
Rep: 67
Posts: 5,506
Once you manage to catch such move you can have a cigar.
Originally posted by jimkane
Welcome my son, welcome to the machine... Pink Floyd (obviously).
Originally posted by MarcinO
Right. Just look at Pound 1-minute TF. 40 pips up in one move without warning.
Originally posted by jimkane
I am thinking any long side must come with some pretty decent confirmation because this just can't seem to show any signs of anything but weakness. My experience, in the machine age, is that the machines just get the command, and it explodes, no signals at all as far as you can feel it building up. I am waiting for that in here, but suspect, as is frequently the case, they will just come out of nowhere when ready. I am wondering, though, if I'm just totally off on this. It sure does look ready to drop any second...
JI
jimkane
Rep: 3,058
Posts: 33,089
90.75-92.50, but it gets interesting with this area. I can't explain why in here, it's too difficult, but there are some curious aspects.
JI
jimkane
Rep: 3,058
Posts: 33,089
Come in here, dear boy... But when it comes to trading, I always say there's no sensation to compare with this, suspended animation, a state of bliss...
Originally posted by MarcinO
Once you manage to catch such move you can have a cigar.
Originally posted by jimkane
Welcome my son, welcome to the machine... Pink Floyd (obviously).
Originally posted by MarcinO
Right. Just look at Pound 1-minute TF. 40 pips up in one move without warning.
Originally posted by jimkane
I am thinking any long side must come with some pretty decent confirmation because this just can't seem to show any signs of anything but weakness. My experience, in the machine age, is that the machines just get the command, and it explodes, no signals at all as far as you can feel it building up. I am waiting for that in here, but suspect, as is frequently the case, they will just come out of nowhere when ready. I am wondering, though, if I'm just totally off on this. It sure does look ready to drop any second...
MA
MarcinO
Rep: 67
Posts: 5,506
Exactly, it's like learning to fly.
Originally posted by jimkane
Come in here, dear boy... But when it comes to trading, I always say there's no sensation to compare with this, suspended animation, a state of bliss...
Originally posted by MarcinO
Once you manage to catch such move you can have a cigar.
Originally posted by jimkane
Welcome my son, welcome to the machine... Pink Floyd (obviously).
Originally posted by MarcinO
Right. Just look at Pound 1-minute TF. 40 pips up in one move without warning.
Originally posted by jimkane
I am thinking any long side must come with some pretty decent confirmation because this just can't seem to show any signs of anything but weakness. My experience, in the machine age, is that the machines just get the command, and it explodes, no signals at all as far as you can feel it building up. I am waiting for that in here, but suspect, as is frequently the case, they will just come out of nowhere when ready. I am wondering, though, if I'm just totally off on this. It sure does look ready to drop any second...




