Tight Stops

Discussion in 'Strategy Building' started by WaveTrader2004, Nov 13, 2004.

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  1. ttw144

    ttw144

    Dopes

    See if this works
     
    #761     May 8, 2006
  2. ttw144

    ttw144

    Are you happy trading in a 3 point range?

    Not me

    Better to waste time learning how to type a message properly in here.
     
    #762     May 8, 2006
  3. ttw144

    ttw144

    Now for the underline in red

    Up up and away the shorts are going to get stung now
     
    #763     May 8, 2006
  4. ttw144

    ttw144

    Better check the instructions again - no red
     
    #764     May 8, 2006
  5. ttw144

    ttw144

    You could learn something here if you had half a brain to listen

    But then I haven't run across a half brain today.
     
    #765     May 8, 2006
  6. ttw144

    ttw144

    Now the ES is at a 4.50 1:1 correction and is most likely to find support within 2 ticks - if not the trend is confirmed to be down.

    11:26 ET
     
    #766     May 8, 2006
  7. ttw144

    ttw144

    a breakback above 1328.75 will have the buyers back in control

    11:37 ET
     
    #767     May 8, 2006
  8. ttw144

    ttw144

    I hate these tight rang days and do no get involved most of the time

    The trend is still down unless we get a break above 1328.75

    But the best trade opportunity right now is a short if we break 1326.25 and then break 1324.50 as that will really spell trouble for the buyers today.

    The upside does not look to good unless we break the 1331 high.

    But scalpers could try to get a couple of points between 1329 and 1331 to start with.

    Tug of war right now as the cash market is dead and the technicals are very obsure.

    BBG
     
    #768     May 8, 2006
  9. Volume is anemic... SP are trading less than 5k contracts in 5 minute bars in the last hour... usually produces a chop city

    cj
     
    #769     May 8, 2006
  10. Hello Folks:

    What Mr. Gilmore calls a "1:1" is simply a bounce off yesterday's low of the day.

    Happens all the time.

    You can see it on the chart I am posting and if you keep your eyes open, you can catch the bounce by seeing how price acts as it hits that point.

    No need to pay anyone to learn how to do that.

    Just use common sense.

    Steve

    Sorry Vikana, couldn't resist
     
    #770     May 8, 2006
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