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A stronger resistance is between 32 and 44, I guess.
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But before that, I would suppose a correction to low 70s.
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MA
MarcinO
Rep: 67
Posts: 5,506
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.
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
I somehow lost contact with ES today. Overall, daily range is nice but the way it moves makes me sick.
Maybe that is partially because I am after over 12 hours in front of charts with very small breaks, but all these overlapping swings are very hard to deal with.
Maybe that is partially because I am after over 12 hours in front of charts with very small breaks, but all these overlapping swings are very hard to deal with.
JI
jimkane
Rep: 3,058
Posts: 33,089
In my experience the thing I have found with overlapping swings is they are easy to deal with if you know they are happening, anticipate them continuing to happen, and they do. If you adjust your plan specifically for them they can be okay. But imagine using an oscillator in a trending market or a moving average system in a range bound market. Both markets are tradeable, but only with a technique appropriate for the movement. The KT methodology, the core of it, is a trend following methodology. It can be adapted for line to line play, but as I do that, I still look at that as trending from point to point, same as always. So, I use a trending style on the appropriate timeframe for that move.
Trends are usually impulsive, so heavily overlapping swings aren't a usual part of it. Hence, if one doesn't adapt the techniques when there are overlapping swings (or stand aside), it can lead to some very non-fun experiences. It takes a lot of skill to know what the action will be, just as it does between trending and ranging, in advance. The best bet is to just watch for the rest of the day, or quit for now. Tomorrow's a new day. I just figured some strong action may take place, and from the looks of it, this may, indeed, be repeating yesterday's pattern. I don't see the new low, though, like yesterday, especially as this hits into the most key area here.
Trends are usually impulsive, so heavily overlapping swings aren't a usual part of it. Hence, if one doesn't adapt the techniques when there are overlapping swings (or stand aside), it can lead to some very non-fun experiences. It takes a lot of skill to know what the action will be, just as it does between trending and ranging, in advance. The best bet is to just watch for the rest of the day, or quit for now. Tomorrow's a new day. I just figured some strong action may take place, and from the looks of it, this may, indeed, be repeating yesterday's pattern. I don't see the new low, though, like yesterday, especially as this hits into the most key area here.
Originally posted by MarcinO
I somehow lost contact with ES today. Overall, daily range is nice but the way it moves makes me sick.
Maybe that is partially because I am after over 12 hours in front of charts with very small breaks, but all these overlapping swings are very hard to deal with.
RA
rat89
Rep: 0
Posts: 7,015
do you see any charts for today from me? They seem to be gone
Originally posted by jimkane
WTF?
Originally posted by rat89
my posts disappeared twice today
