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08/22/2018 Live Update

Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:47 am

Big board ticks starting to turn up...
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:51 am

So far so good. Added a stop loss above my entry, so should be good for now...
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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 10:56 am

Looks like an uptrend day so far, I'm just not sure so no actions.
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 11:06 am

Took my profit here. Seemed to be stalling....
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 11:07 am

te_fern wrote:Took my profit here. Seemed to be stalling....


Probably back testing yesterday's high before it continues to run up, but......
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 11:16 am

ES 09-18 (10000 Tick) 2018_08_22 (9_12_01 AM).png

The red line each day is the Point of Control from the volume profile. We are backing and filling. The DI ADX indicator system in box 2 shows no solid trend and chop for now. The 10:30 ramp was on time and strong today. We will see what happens after the European close in 20 minutes. Normally that is a major trend change time.
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Re: 08/22/2018 Live Update

Postby brokebybernacke2 » Wed Aug 22, 2018 11:17 am

volume anemic. suspect more of a pullback b4 resuming uptrend. good support at 2840ish/18 day. maybe start with minutes later today into powell speech friday.
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 11:18 am

I keep forgetting to say on the 15 minute equivalent chart, (10,000 ticks) those horizontal gray zones are a type of pivot points called Jackson zones.
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 11:22 am

ES 09-18 (2000 Tick) 2018_08_22 (9_19_14 AM).png

Yesterday's POC is where all those sell orders are in the order book at ES 2868 and so far they are not pulling them as price approaches.
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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 12:07 pm


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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 1:55 pm

Lifeguards are saying start getting out of the pool just in case.

Should be a non-event carefully orchestrated to reinforce the message to be delivered on Friday. I assume the message to be that they have a firm hand on the tiller and will stay their course until serious storms or reefs appear, and an angry President is neither. Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little! :lol: :lol: :lol:
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Re: 08/22/2018 Live Update

Postby QED » Wed Aug 22, 2018 2:01 pm

Trades with cats wrote:Some would say it is a ship of fools and I often agree but who would you get to replace them? The house Finance committee. Secretary Munchkin. Oh I just threw up a little! :lol: :lol: :lol:

Patrick Chinamasa, acting Finance Minister of Zimbabwe? He is use to working with big numbers!
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 2:12 pm

ES 09-18 (2000 Tick) 2018_08_22 (12_08_34 PM).png

Nice double top for now as a capper on the advance. Big sell order never came back.
VWAP at ES 2863 I guess will stop the drop yet again.
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 2:18 pm

Yes they made mention of all the concerns and then said another rate hike soon. Holiday Inn slogan "The best surprise is no surprise".
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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 2:20 pm

hopefully a double top here. I won't trade on it though.
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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 3:55 pm


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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 3:56 pm

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

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