ES Journal - 2017/2018

That'll do little Kagi, that'll do....

 

WHATUKNOWABOUTDEMTDAYBOYZ?

 

What do you base these on?

 

Impressive up swing. Nice catch, @volente_00. Statistically, a new HOD is very unlikely by the Close though.

Remind me - what are the specifics of T-Day Theory? I remember we used to joke about it back in the day, but was there a reference to some study on it?

Is the theory simply that Tuesday/Thursday are more likely to be green OR if red on the day there's a big probability of a green close...?

I'd like to test it on some data.

 

Nice catch and wise to exit there considering the gap below which indeed was filled.

 

We will not trade lower than 2640 the rest of the day.

 

Thank you all for making this the longest and top financial thread on the web today.

 

Statistically, I think these statements of your have a poor track record. You could at least modify it and add "We will not LIKELY trader lower..."

What do you base it on?

We have the PD Close at 37. Could very well trade back down there, but I don't have a strong read at this point in time, so I'll shut my mouth.

 

These are "fun" statements as I practice looking more closely at extremely short term support.

 

Basically looking at market on hourly being in long mode and then dropping down to the 5 and 1 and trying to ascertain short term support on a line. By posting it live, I better myself in the long run even if wrong.