all condition fulfilled, for PA play. take your bets now. dont forget the stop loss if u have no idea what will happen.
todays play sequence- ( already happened) 1.Price was to come down to 12.50 as per my initial calculation from the high of 25.75 that happened during AH. 2. RTH open, price came down as expected but due to RTH open being crazy time, i jumped in when price started retracing back up ( i was under the impression my calculation for the low of the move down was wrong by 2 points, while 12.50 was correct, i assumed 14.50 was the low when price retraced). 3. Made 3 buys during the retracement but then PA made a new condition, we need to gun for a new low, so exited all positions though small never the less in green . it was a waiting game and taking small profits till price made a new RTH low as per PA. 4. new RTH low happened @ 10:05 and price came down to my initial calculated bottom 12.50 had to enter. But today there was no defined profit target, as Price was supposed to make a new high but it already happened during the AH, so for me i have no PA oriented goals, so i exited at 3018.25. I do see larger time frame what will be the target but i am sure it will happen next week not today, so it is adieu. he he
Another "doji-day"....with a big FAIL at taking on new highs. No surprise there. Constant drip down today.
Tenny - we all love you but WOW you really talk a good game. Today's PA indicated to just sell all interim rally's.
I am not going to refute your methodology, As long as we make money be it on news, or indicators, or PA, tha's all it matters. And i am not saying there is only one way to skin the cat, if you saw something that i did not see or comprehend, it is a possibility as my trading is based on Probability, i cannot catch all the moves, can only form a bias when PA dictates. How you look at PA and how others and i perceive PA is different too, i am sure. For me today there was no definite PA moves to which i could commit, besides that bounce at 10:10 am. Around noon the price started showing signs that it would make a move down with much clarity and i was trying to time the slight bounce prior to that so i could get a good entry, and had to chase price when it started going down and only got entry at 16.75 market order @ 12:09 pm. So if you saw what todays whole play was about then congrats for me till 12.00 pm there was no clarity. For me another reason, not too invest too much was, i knew a new low would be the highest probability for that play but could not, or did not want, at that time to calculate the range, also along the way there were ample signs if it would continue or not, I think if you are good at PA then you will be able to know that. The move whole move down for me , i was only able to catch at noon exactly.
WTI Oil up 12% (Brent +20%), SPX down 0.5% on pre-market, not as much as expected but things could snowball Still no tweets from Trump This would be an optimum time for PA believers to prove the theory that PA can predict prices even before an event happens. Voodoo to me but let's see what PA belivers have to say
WRONG! I am long in the NQ. 10% correction incoming, And remember.. We're pretty much at ATH again, When I go long at ATH, and a world event happens, the markets correct. This is a law. I've gone through it 3 times. This will be the fourth time. Fade me.