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Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 1:15 pm
by fehro
fehro wrote:
fehro wrote:VIX 50w holds… VIX inches up.. indexes still push a little..


caution TLT heats up.. pops up fast over 20d SMA.. look to 50d.. someone is getting nervous :roll:


TLT trying to hammer it off the 200w again

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 1:47 pm
by fehro
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish


slow bleed...

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:11 pm
by fehro
fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish


slow bleed...


/CL spikes into the pit close.. SPX up

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:42 pm
by Trades with cats
ES 06-18 (2000 Tick) 2018_05_10.png

2000 Tick view of today. Please note to compensate for the lack of volume I am back to showing the bars when they happen. So closer means more action as in the first 30 minutes of the day.

Note we are approaching R2 for the second time and once again it is giving resistance. Also note how close we got to VWAP and the Mid on the pullback. VWAP dot dash, daily mid dash dash, both for Regular Trading Hours.

The 20 period EMA is now surrounded by mean absolute deviation bands instead of a Keltner, Seems to track a small amount better.

In the boxes:
The efficiency ratio is thinking about going to sell. Balanced momentum is on mild sell (Navy line at 0), Williams %R is neutral but rolling over. The zero lag oscillator has not flipped to sell but it got real close with three black bars. Finally the ADX shown as a histogram is declining while the +_ Directional Indicators (green and red) indicate directionless market barely above my arbitrary chop threshold of 15.

Comment on stops. I think most price action traders would have seen the long tailed doji at R2 as a clear message to exit the trade for now. However two bars later price dropped through the EMA 20 and triggered the trailing stop. That stop is FatTails super trend (available for free) using the 6 bar median for the baseline average with a 12 period ATR (Wilders formula) with a 2.0 offset. That stop has been under the up move since 9:30 last night Eastern time. :)

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:43 pm
by fehro
fehro wrote:
fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish


slow bleed...


/CL spikes into the pit close.. SPX up

slippage continues… after the pit close

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:46 pm
by Cobra
rebounding from 15 min ema20. I know it's difficult to hold here but if you spotted the uptrend day earlier like I did, you should have made enough.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:52 pm
by fehro
fehro wrote:
fehro wrote:
fehro wrote:
fehro wrote:SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish


slow bleed...


/CL spikes into the pit close.. SPX up

slippage continues… after the pit close



sloppy H&S not sure.. need VIX to move.. bonds pressing HOD again TLT >20d SMA

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:56 pm
by Trades with cats
30 minute chart working on a dragonfly doji :o

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 2:58 pm
by Trades with cats
Tick chart (about 3 minute bars) showing price in a range between R2 and VWAP. Other time frame traders not coming in with big buy orders.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 3:03 pm
by Trades with cats
major battle at R2. Biggest volume spike since opening 30 minutes and price isn't able to stay above that R2 level.

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 3:50 pm
by Cobra

Re: 05/10/2018 Live Update

PostPosted: Thu May 10, 2018 3:52 pm
by Cobra
well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp