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03/09/2018 Live Update

03/09/2018 Live Update

Postby Cobra » Fri Mar 09, 2018 10:24 am

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bias is up.
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Re: 03/09/2018 Live Update

Postby Cobra » Fri Mar 09, 2018 10:28 am


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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 11:04 am

peter Brantd.png
Peter Brandt warning to Bears on Twitter

Peter Brandt is one of the last old school chart pattern commodities traders. I recommend his book (the affordable one) which was a one year trading diary with charts and mental anguish. I would follow him closely if I had the minimum $1 Million equity stake to devote to his long term style. Great returns, huge temporary draw downs.

He says in print the only reason he is still trading today was because he bet more than he would these days on one trade 30 years ago and the win got him a big enough stake to be properly funded as a commodity trader.
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Re: 03/09/2018 Live Update

Postby Cobra » Fri Mar 09, 2018 11:07 am


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Re: 03/09/2018 Live Update

Postby Cobra » Fri Mar 09, 2018 11:15 am

might be an uptrend day, bears be careful.
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Re: 03/09/2018 Live Update

Postby Al_Dente » Fri Mar 09, 2018 11:23 am

QQQ
ATH


Post from yesterday:
QQQ approaches “knock three times,” where odds favor a breakout
(we need better than 170.95, the ATH from 1/26)
If Q can do it, it will be the first of the majors to NEW HIGH
But it must be sticky. No traps
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Re: 03/09/2018 Live Update

Postby fehro » Fri Mar 09, 2018 11:25 am

mind the morning gaps, 50d retest :roll: NDX nATH VIX 2nd hammer.. hours to go :roll:
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Re: 03/09/2018 Live Update

Postby Cobra » Fri Mar 09, 2018 11:36 am

this bull shall have legs as I said bears beware of uptrend day.
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Re: 03/09/2018 Live Update

Postby fehro » Fri Mar 09, 2018 11:53 am

SPX dabble sm short here 2767 .. trendline 60m.. weekly S1

50d retest 2741, 2734.. worse cases… extremely doubtful.. :lol: :lol:
Last edited by fehro on Fri Mar 09, 2018 12:06 pm, edited 1 time in total.
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Re: 03/09/2018 Live Update

Postby te_fern » Fri Mar 09, 2018 11:59 am

This type of day is hard for me to trade. Feel like I missed the entry point.....
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Re: 03/09/2018 Live Update

Postby champix » Fri Mar 09, 2018 12:10 pm

GM,
Till 5min EMA20 is not definitely taken, I will buy using these channels.
Good trading.
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Re: 03/09/2018 Live Update

Postby Shaishen » Fri Mar 09, 2018 12:14 pm

te_fern wrote:This type of day is hard for me to trade. Feel like I missed the entry point.....


I think it's hard for every intraday trader. Small dip at the open and straight up. Where to hop on?

only possible entry point - hindsight - was at the "zipper" formation a touch above day mid at around 10:25 to 10:30 ET (Bar 11 and 12 in Dr Brooks terms) at ~2766.5 ES June. Tick was trending down at that time ..

.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 12:27 pm

ES 06-18 (5 Minute) 2018_03_09.png
ES 06-18 5 minute Globex Hours


My view of a five minute chart. I shall hunt for Brooks Bars, that is out there. If you count you can see that 10 or 11 bar period is where we break the overnight range, as has been said a clear signal. Those are 1,2 and 3 standard deviations from VWAP colored bands. Makes it clear what is noise, probable and possible as far as where the market could go.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 12:38 pm

ES 06-18 (15 Minute) 2018_03_09.png
ES 06-18 15 Minute US Equity Futures Regular Trading Hours

That is a 10 day relative range and a 10 day relative volume below the chart.
Pretty clear the enthusiasm for this gap and go is kinda limited.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 12:45 pm

WARNINGS from the Hirsch's Stock Trader's Almanac
Sunday is day light Savings
Friday 16 is TRIPLE WITCH
Monday before DOW up 22 of the last 30
March Triple Witch Mixed last 28 years, Dow down 6 of the last 9.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 12:46 pm

Sorry, being US centric. Day Light Saving in US
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Re: 03/09/2018 Live Update

Postby K447 » Fri Mar 09, 2018 12:51 pm

Trades with cats wrote:Sorry, being US centric. Day Light Saving in US


When does Europe switch to daylight summer clock?
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Re: 03/09/2018 Live Update

Postby champix » Fri Mar 09, 2018 12:58 pm

We change 2 weeks later in Europe.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 1:01 pm

England moves March 25th.
I don't think Asia goes at all.
I still hate Nixon for that. I had moved off campus, it was winter in Michigan and I had a half hour hike in the dark to my first class.
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Re: 03/09/2018 Live Update

Postby Trades with cats » Fri Mar 09, 2018 1:02 pm

Frankfurt is the same as London (of course).
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