S&P Market BIAS and Triggers

Discussion in 'Trading' started by TradePilotPro1, May 2, 2011.

  1. Got a nice bounce to 45s from 40s

    We do need to take out 46.50 to stop the downtrend

    Range bound for now

    45-46 upside

    40-41s downside
     
    #11     May 4, 2011
  2. Nice to see someone making live calls.
     
    #12     May 4, 2011
  3. Thank you,


    It is hard to get thru to traders that Price and Momemtum
    need to be on your side

    So many traders trade Price or Momentum and not both

    I am going to try and show how when they both in your favor
    it is what truly works

    However Price will always be #1 never 2nd
    Momentum is a back seat driver.....lol
     
    #13     May 4, 2011
  4. we never took out 46.50 so downtrend still is in effect

    We just got the 38s, and that is a stronger area then 40s

    if we break 38s we would likley hit stops again and make a move
    down to 34.75 here is a pic showing it
     
    #14     May 4, 2011
  5. Ok so far 38 are holding

    As I stated they are pretty strong level

    If we are going to retest that area it will toward the end of day


    That all for now

    Does anyone even trade here ?
     
    #15     May 4, 2011
  6. I guess not many trade the S&P here....LOL

    Just in case someone daes we hit the daily target already
    in Globex ~

    We will see how the day plays out after the open range.


    we should be able to push further

    Watch the 1330-1328 area on the downside
     
    #16     May 5, 2011
  7. wrbtrader

    wrbtrader

    Hi,

    I'm sure you realize there are already other more active Emini ES threads here at ET where traders are posting their trades in real-time, charts or trade journals.

    Simply, the Emini ES traders here are kind'uv spread out instead of navigating to one thread.

    Mark
     
    #17     May 5, 2011
  8. I'm reading. Nice thread.
     
    #18     May 5, 2011
  9. No Issues just like to know someone is out there ......lol

    See what happend when we broke 35.50 on both sides ?

    Snap a line on your chart any time frame OUCH!that was the KEY number today
     
    #19     May 5, 2011
  10. Oh and almost forgot ........holy rally batman did you see the dollar ......... if anyone one was LQQKING

    If we move up like this every day the S&P will be back to 900.....lol

    Most think the market is going up cause the economy was getting better ……. NOT


    Just hedging the dollar
     
    #20     May 5, 2011