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11/22/2011 Intraday Watering

Re: 11/22/2011 Intraday Watering

Postby tdo722 » Tue Nov 22, 2011 3:12 pm

it turned around at 76.4% magic number once again.
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Re: 11/22/2011 Intraday Watering

Postby KENA » Tue Nov 22, 2011 3:14 pm

HighRev wrote:Amazing. The IMF news came across the wire just minutes after the /es hit its 50% retrace of the move off of its Oct. 4th low to the tick!


Well planed wouldn't you say..This happens quite a bit.
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Re: 11/22/2011 Intraday Watering

Postby TWT » Tue Nov 22, 2011 3:16 pm

SPX : The down leg to the lod is corrective as well as the rebound off the lod ....... maybe another triangle
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Re: 11/22/2011 Intraday Watering

Postby uempel » Tue Nov 22, 2011 3:16 pm

SPX has to make up its mind:
tt.png
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:20 pm

I see a low risk trade in 5 min- chart if the candle we are in now closed in red and ES moved above it then I will go long with stop 1188.00 and the target will be not less than 5 points .... bottom line, any red candle in 5 -min that appears now and market go above it by one tick is a buy for scalping or even swing trade in my view ... this kind of trade I use because risk/ reward ratio is fantastic ( it is not a recommendation for any one, just wanted to point it out ) 8-)
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:21 pm

Dow Trader wrote:I see a low risk trade in 5 min- chart if the candle we are in now closed in red and ES moved above it then I will go long with stop 1188.00 and the target will be not less than 5 points .... bottom line, any red candle in 5 -min that appears now and market go above it by one tick is a buy for scalping or even swing trade in my view ... this kind of trade I use because risk/ reward ratio is fantastic ( it is not a recommendation for any one, just wanted to point it out ) 8-)


the stop is one tick below the red candle
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:23 pm

no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)
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Re: 11/22/2011 Intraday Watering

Postby TWT » Tue Nov 22, 2011 3:24 pm

SPX: or the lod could be a wave (Z) = wave (4) if we now get impulsive down side action
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Re: 11/22/2011 Intraday Watering

Postby BullBear52x » Tue Nov 22, 2011 3:24 pm

TWT wrote:SPX : The down leg to the lod is corrective as well as the rebound off the lod ....... maybe another triangle

How about Diamond Bottom.?
My comments are for entertainment/educational purpose only. NOT a trade advice.
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Re: 11/22/2011 Intraday Watering

Postby tdo722 » Tue Nov 22, 2011 3:25 pm

Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)


You're talking about spx or /es
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Re: 11/22/2011 Intraday Watering

Postby 99er » Tue Nov 22, 2011 3:25 pm

Three Easy Steps To Getting Rich In A Bear Market

http://globaleconomicanalysis.blogspot. ... quick.html
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Re: 11/22/2011 Intraday Watering

Postby MrMiyagi » Tue Nov 22, 2011 3:26 pm

No Thanksgiving Rally this year. I seriously doubt that fat bastard Santa will incite a rally either.
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:26 pm

tdo722 wrote:
Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)


You're talking about spx or /es

ES
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Re: 11/22/2011 Intraday Watering

Postby Cobra » Tue Nov 22, 2011 3:27 pm

volume surge, biggest bar, so hopefully a rebound here. maintain the plan. the pullback is much larger than I thought though, so this rebound may not make a higher high. :roll:
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Re: 11/22/2011 Intraday Watering

Postby Cobra » Tue Nov 22, 2011 3:29 pm

modified plan. may not make a higher high. I'm not sure about the plan anymore.
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Re: 11/22/2011 Intraday Watering

Postby cougar » Tue Nov 22, 2011 3:29 pm

Gold = 1699.63 minutes before Exp. I guess independent market forces took it exactly there!
How nice!
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Re: 11/22/2011 Intraday Watering

Postby tdo722 » Tue Nov 22, 2011 3:30 pm

Dow Trader wrote:
tdo722 wrote:
Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)


You're talking about spx or /es

ES


So we need a green bar that has a low above 1190.25 correct? I'm confused about this low risk setup. Can you draw up something? Thanks much.
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Re: 11/22/2011 Intraday Watering

Postby pady » Tue Nov 22, 2011 3:33 pm

1150 is my target to go long.
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Re: 11/22/2011 Intraday Watering

Postby BullBear52x » Tue Nov 22, 2011 3:34 pm

Will there be a third time charm?
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Re: 11/22/2011 Intraday Watering

Postby Dow Trader » Tue Nov 22, 2011 3:34 pm

tdo722 wrote:
Dow Trader wrote:
tdo722 wrote:
Dow Trader wrote:no trade yet but I have a buy stop at 1191.25 and waiting for adjustment 8-)


You're talking about spx or /es

ES


So we need a green bar that has a low above 1190.25 correct? I'm confused about this low risk setup. Can you draw up something? Thanks much.

all I want is price to one tick above the last red candle in the 5-min chart .. so far it is 1190.50 unless the candle that is working now became a red candle then I will lower my buy stop
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