Great explanation!! That makes complete sense to me. Did you catch this short just now? After I saw it setting up, I placed a limit order at 921.25 (1 point from high rule), but it never came back to fill me. Guess I have to be quicker on the trigger. Anyways, I'll stick with the intraday stuff for now... 747-400... It used to be big... have you seen the new "SUPER" A380? Quantas flys it into LAX 4-5 times a week. Now that thing is HUGE!!! Stay outta the wake... lol C152.... more like flying an ultralight (aka mesquito) haha
I am currently holding short positions from earlier in the day and I have had one good separate long trade so far today (flat now on that trade at 921's). My 1 point from most recent pivot criteria is not something you exactly have to follow.....you can determine your own entry/stop criteria that is within your comfort level. For a single entry (not a scale-in style entry) it is always better the closer your entry is to the most recent micro pivot in price, so it is a good practice to try and develop imo. The SCAREBUS A380 has A LOT of very interesting new technology in the wing construction.....I'll pass for now! :eek:
Remember.....keep your eyes on 924.00 to 927.00 today If you see strong positive delta bars if we get up to that zone, look for the zone of resting inventory to go neutral and trading up to higher levels. If the zone holds (does not go to neutral) then keep looking for short entry set ups there.
You use Ninja for trades right? Do you have two separate accounts so that you're able to take long and short trades at the same time (If I tried to do that on Ninja, it would just close my opposite positions). Funny thing the other day. A Virgin A343 arrived after a long distance flight, and while the maintenance guys where doing their stuff, somehow the drainage cap for the lavatory waste uncapped and dumped 13 hours and a couple thousand gallons of human waste on the ramp. It sure looked like a stinky situation. (weren't you a maintenance guy too?)
I hate to ask for another chart........................ but can you show where you see this 924-927 inventory. I must be overlooking something, because I see a verrrrry tiny held inventory at those levels. Not anything that seems worth deeming important.
I have multiple accounts so trading intraday set ups while in postion trades is easy to do. YUCK......."blue juice" dump on the ramp.......not good (bio-hazard spill.....should have only been a around 100 to 200 gallons). Yes I have done maintenance in the past also.
Shorted 27 based on this. Going up on negative delta. Let's see if this pays off. AMT, can ya also show us an example if you have on how zones change from net longs to net shorts and vice versa? Thanks.
Nice trade in non-divergence/weird divergence. Impeccable timing. Making $ is what counts. Well done. JW
Here is a chart with all the divergences I saw for today.... Also, I think that if more people were to post charts in here, everyone would learn faster. It's so much easier to understand what someone is trying to say when there is a visual attached. So come on folks... Lets see some charts!!!