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> We are about to have a huge gap up
MikeyG
post Feb 19 2012, 05:56 PM
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On the ES...

Per currencies...

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

This post has been edited by MikeyG: Feb 19 2012, 05:57 PM


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1) Wisdom
2) Understanding
3) Counsel
4) Courage
5) Knowledge
6) Reverence
7) Wonder and Awe

I mostly trade the RUT and some currencies, my time frame is usually weeks and months.
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MarketAlly
post Feb 19 2012, 06:00 PM
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QUOTE (MikeyG @ Feb 19 2012, 03:56 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.


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The system wasn't designed so that most people could beat it.

* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
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MikeyG
post Feb 19 2012, 06:01 PM
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8 points...

Oil almost to 105...


--------------------
1) Wisdom
2) Understanding
3) Counsel
4) Courage
5) Knowledge
6) Reverence
7) Wonder and Awe

I mostly trade the RUT and some currencies, my time frame is usually weeks and months.
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MikeyG
post Feb 19 2012, 06:05 PM
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QUOTE (MarketAlly @ Feb 19 2012, 06:00 PM) *
QUOTE (MikeyG @ Feb 19 2012, 03:56 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...



--------------------
1) Wisdom
2) Understanding
3) Counsel
4) Courage
5) Knowledge
6) Reverence
7) Wonder and Awe

I mostly trade the RUT and some currencies, my time frame is usually weeks and months.
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CLK
post Feb 19 2012, 06:36 PM
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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.
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IYB
post Feb 19 2012, 06:42 PM
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QUOTE (CLK @ Feb 19 2012, 03:36 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.

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


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Insanity: doing the same thing over and over again and expecting different results....Albert Einstein
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MikeyG
post Feb 19 2012, 06:43 PM
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QUOTE (CLK @ Feb 19 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.



Don't give up, learn from mistakes and adjust your system accordingly...


--------------------
1) Wisdom
2) Understanding
3) Counsel
4) Courage
5) Knowledge
6) Reverence
7) Wonder and Awe

I mostly trade the RUT and some currencies, my time frame is usually weeks and months.
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CLK
post Feb 19 2012, 06:48 PM
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QUOTE (IYB @ Feb 19 2012, 06:42 PM) *
QUOTE (CLK @ Feb 19 2012, 03:36 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.

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




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.
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arbman
post Feb 19 2012, 06:49 PM
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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.


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IYB
post Feb 19 2012, 06:55 PM
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QUOTE (CLK @ Feb 19 2012, 03:48 PM) *
QUOTE (IYB @ Feb 19 2012, 06:42 PM) *
QUOTE (CLK @ Feb 19 2012, 03:36 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.

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




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


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Insanity: doing the same thing over and over again and expecting different results....Albert Einstein
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