Jump to content



Photo

ES Friday


  • Please log in to reply
56 replies to this topic

#11 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:30 AM

So how sideways and stupid this is... The high on 5/22 was 1687.18 The low today 1687.11 This consolidation is getting very long in the tooth...
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#12 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,319 posts

Posted 27 September 2013 - 09:37 AM

So how sideways and stupid this is...

The high on 5/22 was 1687.18

The low today 1687.11

This consolidation is getting very long in the tooth...

Yep last post just before this mentioned needs to get over 85 for a bit.

still got larger issues below though and all these bigger rallies will get rejected back unitl we close them but at least I can trade both ways again unless we open another beast. :rolleyes:

gaps closed above now got that taken care off.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#13 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:42 AM

Speaking of gaps...

Look at this monster on GS...

Comes all the way back, leaves it open by a penny today.

That is full control.


http://stockcharts.com/c-sc/sc?s=GS&p=D&yr=0&mn=3&dy=0&i=t45080435442&r=1380292798456$.png
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#14 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,319 posts

Posted 27 September 2013 - 09:46 AM

Speaking of gaps...

Look at this monster on GS...

Comes all the way back, leaves it open by a penny today.

That is full control.


http://stockcharts.com/c-sc/sc?s=GS&p=D&yr=0&mn=3&dy=0&i=t45080435442&r=1380292798456$.png

:D
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#15 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:47 AM

$Yen lost it overnight, hence the big discount sale on equities...

We're pretty close to support here


100 hr low tested, bounced at 10:06 as did equity market.

See if this one holds now 98.19.

Gets ugly fast under it.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#16 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:49 AM

I don't think Market is worried about the clowns in D.C. Au Contraire - I think they have the dammit Janet, Jammit Dammit card in their back pockets and that's the bid under the mkt.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#17 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:54 AM

I gotta let that card play out or get thrown into the muck here... I think the way it works... mkt goes higher on the coronation ceremony... And then after that Mdme Market sets up a trap for the new Chairperson. A little challenge for the newbie. Greenspan Started in August 1987, they shredded him in October. Burn Yankee lasted a year before the "Subprime Crisis" Feb 2007 Started in Feb 2006.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#18 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 09:58 AM

Prollum here is this $Yen testing day's lows now. If we move to S2, new lows coming in the indices. On the edge here.
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#19 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 21,989 posts

Posted 27 September 2013 - 10:01 AM

Speaking of Gaps... #2 gap was filled on SPX today at 1687.99. But Nasdaq HELD y'day's Gap... by a point.

Edited by SemiBizz, 27 September 2013 - 10:02 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/tradingcoach1

#20 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,319 posts

Posted 27 September 2013 - 10:05 AM

I gotta let that card play out or get thrown into the muck here...

I think the way it works... mkt goes higher on the coronation ceremony...

And then after that Mdme Market sets up a trap for the new Chairperson.

A little challenge for the newbie.

Greenspan Started in August 1987, they shredded him in October.

Burn Yankee lasted a year before the "Subprime Crisis" Feb 2007

Started in Feb 2006.

Yep I remember that Oct 87 and mainly that day wow. Non-stop.

As long as there are issues market always cleans them. Just a matter of when. So, we plug along follow the dance in the meantime.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.