If they can turn this MACD back up and run, it will be rare and against all odds.
Posted 13 May 2018 - 05:30 PM
If they can turn this MACD back up and run, it will be rare and against all odds.
Posted 13 May 2018 - 08:17 PM
Closing TICK was high, internals down and put/call was high, index and equity. Seems like this gap is another bull trap.
Posted 13 May 2018 - 09:33 PM
If the internals are strong on the open, this is a bear trap instead. I'll be going back long, Renko system
just keeps you from bailing too early if you can stay with it, most can't stand a 20-30 point drawdown though,
however, you hardly ever get stopped out for a loss.
Posted 14 May 2018 - 08:42 AM
So AAPL fills the gap immediately, and internals are up but not strong, I'm neutral here.
Posted 14 May 2018 - 09:50 AM
I don't like counter trend trades. Better to risk one big stop than a lot of small stops, they add up.
Ok, so I shorted QQQ, NAAD does not support these day levels, will see how the day goes.
Posted 14 May 2018 - 12:10 PM
All in on the first brick 120 points ago would have been the way to trade instead of small lot conservative. Now I'm
forced to be too careful and pick tops because I didn't make what I should have.
The 4 hr is rolling over so depends how ugly it gets overnight whether just a pause or not.
Those institutions are experts at distribution, that's what happened this morning, how many times I looked at price and thought I was going to be wrong, still those internals were indicating otherwise.
Edited by CLK, 14 May 2018 - 12:13 PM.
Posted 14 May 2018 - 10:03 PM
Starting to gain some traction on the downside, I'm looking for 2690 maybe on this. Volume was high again, may be
terminal this time. The 4hr MACD I want to see at the zero line minimum before thinking about going long again.
Posted 15 May 2018 - 06:21 AM
The market is very bullish, it looks like the 4hr is just going to oscillate above the zero line, in other words
price is going to do what it was doing months prior to the Jan. top.
Posted 15 May 2018 - 08:12 AM
Posted 15 May 2018 - 08:24 AM
4 hour MACD? That oscillator?
Yes, on ES. The selling has picked up so this may get ugly instead.