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We are about to have a huge gap up


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#1 MikeyG

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Posted 19 February 2012 - 05:56 PM

On the ES... Per currencies... See how big it's going to be...

Edited by MikeyG, 19 February 2012 - 05:57 PM.

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#2 MarketAlly

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Posted 19 February 2012 - 06:00 PM

On the ES...

Per currencies...

See how big it's going to be...


1392 is a reversal area.... a huge gap up means it leaves room for an enormous move down. I would rather see some consolidation before moving much higher.
The system wasn't designed so that most people could beat it.

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#3 MikeyG

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Posted 19 February 2012 - 06:01 PM

8 points... Oil almost to 105...
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#4 MikeyG

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Posted 19 February 2012 - 06:05 PM

On the ES...

Per currencies...

See how big it's going to be...


1392 is a reversal area.... a huge gap up means it leaves room for an enormous move down. I would rather see some consolidation before moving much higher.



1392, I don't know, starting to feel like there is no top here...

Price can run with divergence for awhile...
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Collective 2: Riri Capital

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#5 CLK

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Posted 19 February 2012 - 06:36 PM

Nights like this make me feel like giving up trading. If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for, so any gap up gets filled, minimum.

#6 IYB

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Posted 19 February 2012 - 06:42 PM

Nights like this make me feel like giving up trading.

If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.

Instead of giving up trading, why not just give up counter trend trading? :huh:
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

#7 MikeyG

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Posted 19 February 2012 - 06:43 PM

Nights like this make me feel like giving up trading.

If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.



Don't give up, learn from mistakes and adjust your system accordingly...
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5) Knowledge
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The best traders have no ego.

Collective 2: Riri Capital

http://www.collectiv.../system89651763

#8 CLK

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Posted 19 February 2012 - 06:48 PM

Nights like this make me feel like giving up trading.

If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.

Instead of giving up trading, why not just give up counter trend trading? :huh:




Internals were not there on the late rally, Friday. Run is getting old so counters should be less risky.

They pull these stunts over weekends in the futures markets, I doubt it holds in the day session.

#9 arbman

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Posted 19 February 2012 - 06:49 PM

This feels like a mark up for SPX and DJX, NQ fails to take the highs at the moment. TF barely sits above, but at least it broke out a bit. However, any consolidation will try the highs and probably will also go higher regardless of the divergences over the next 1-2 weeks. I still expect lower into March.

#10 IYB

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Posted 19 February 2012 - 06:55 PM

Nights like this make me feel like giving up trading.

If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.

Instead of giving up trading, why not just give up counter trend trading? :huh:




Internals were not there on the late rally, Friday. Run is getting old so counters should be less risky.

They pull these stunts over weekends in the futures markets, I doubt it holds in the day session.

You may be right, but....my point has nothing to do with whether we go up or down from here in the next 48 hours. It has to do with a general trading concept...in response to your original post. Best, D
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds