Help JB: I am looking at the S+P chart and the Nasdaq and seeing levels (previous lows) about to be <i>compromised</i>. In the recent past when these types of scenarios evolved, it seemed that the levels were breached - and then shored up and we advanced significantly perhaps a couple - three days following this event. I am not a day-trader but am trying to make sense out of what to me sounds like Greek. Please clarify what I am to - in practical terms - do based upon your posts: What does "could hold on a breakdown" mean? Obviously we are trading on the ES below 1283.5 and - ok, we went as high as 1286 only to spin out back down. So does that mean enter a BTO with a stop and get stopped? What is "LOD" and we are now toggling below 1265 to perhaps as low as 1261.25 so what are we (you) doing/gonna do? I am not criticizing just trying to figure out what to make from your levels, pivots, triggers, etc. Bottom line: at what point do we feel confident in enter more short? Also at this level do technical traders typically bounce <i>strongly</i> from here and then retest to then break? Maybe we aren't quite there yet and should wait (as related to a "swing" trader). Any help from you is appreciated.p$ This is just a numbers game floks but we still have to hold 1257 or BOOOOOOM DO WE GO <B>BOOM NOW</B> - ACCORDING TO THE MASSES THAT DO THIS "DAY-SCALPING"
paysense. 1283.50-75 was high of day ( HOD) Low of day ( LOD) I do understand you may have a hard time understanding my quick post, I will make more sense in the future for you folks I am a full time trader, and usually in a trade so I am quick to post And the speed the S&P moves can scare the shit out of anyone.lol I use time of day and pivots to trade or fade There are about 15 zones a day with 8 that are big zones where the market will make a move I will explain my post better in the future
paysense When the markets close we can chat if you like or I can pm you or we can chat here to go uver your questions Thanks, Joe Baker
ok - perhaps you can post regarding my questions after hours.thx I now see 1286 was a high before the open. If you can though at the bottom of my post I could use some of what you think BEFORE the close. So you were right on wrt 1283.5 and 1265 going to 1261 and then now moving up? Great. These are the levels I'd like to gain a feeling for if they can be targeted that accurately. pay$
yes enjoy the art part of that, but also have more indicators on my charts then u could imagine lol hehe I love this shit i think with light vol. this week we could follow crude around this week like fly on dodo
Pay$ Well first nothing is easy.lol but you have to know where the traders are in order to get paid RULE # 1 who is going to pay you RULE #2 That is why this market shot up in the morning everyone was short on the open We will go over this later but remember you always have to know where the traders are MEANING :WHAT PRICE Thanks, Joe Baker
Joe, So if we retest and break the low today - would you enter STO order w/ stop? What is the ES number and stop? (that would really help)
well we need to hold 1273-72 to stay bullish However late day sell offs have been common but almost to common, watch for a SETUP or head fake Hard to say what the market is going to do 1276.50 is where the traders are and 1272.50 is the ones that are stuck So we have to see what they are going to do could range between the 2 levels