Unique wrote:That was fun bears . Everybody's stop and cover got filled Looks like we're done for the day!
No execution - too fast
Well, I got real "lucky" so I'm done...can't push my luck. SPY is unplayable after those two 1min bars.
What do you mean, "unplayable".??
All those chumps who got stopped out have to buy back.
This is the most bullish thing that could have happened today.
L_T wrote:Miyagi I believe it exactly touched your p-bar.
Insert conspiracy theory here.
No conspiracy here, this just confirms the reality of P-bars as a type of "sonar". (It finds where the bedrock of bids are).
Think of what just happened as an "experiment".
Most bids dried up, those bedrock bids were large institutional buys which were sitting in the market and I wonder if they got filled?
Unique wrote:That was fun bears . Everybody's stop and cover got filled Looks like we're done for the day!
No execution - too fast
Well, I got real "lucky" so I'm done...can't push my luck. SPY is unplayable after those two 1min bars.
What do you mean, "unplayable".??
All those chumps who got stopped out have to buy back.
This is the most bullish thing that could have happened today.
I bet if you have had a sell-stop to open that you wouldn't have been filled.
They fill who they want when they want at the price they want..
Educational only and not trading advice (EO&NTA) Good trading to all
L_T wrote:Miyagi I believe it exactly touched your p-bar.
Insert conspiracy theory here.
No conspiracy here, this just confirms the reality of P-bars as a type of "sonar". (It finds where the bedrock of bids are).
Think of what just happened as an "experiment".
Most bids dried up, those bedrock bids were large institutional buys which were sitting in the market and I wonder if they got filled?
That just tells me that there is HUGE support at SPY 156.29.
That is great risk/reward, intermediate term.
L_T wrote:Miyagi I believe it exactly touched your p-bar.
Insert conspiracy theory here.
No conspiracy here, this just confirms the reality of P-bars as a type of "sonar". (It finds where the bedrock of bids are).
Think of what just happened as an "experiment".
Most bids dried up, those bedrock bids were large institutional buys which were sitting in the market and I wonder if they got filled?
That just tells me that there is HUGE support at SPY 156.29.
That is great risk/reward, intermediate term.
I dunno. It tells me there were bids sitting there. Doesn't mean they will be there again the next time we visit it. I trust nothing. Make my bet and then live with it, right or wrong.
MrMiyagi wrote:I am thinking of Cobra, obliviously eating lunch, having something to drink....
Lol... so distant elevator music playing. The sound of chewing, sipping.
SCRIPT: Cobra then burps, waiter thinks he is choking, calls his broker and says SELL!! Market reacts accordingly sensing something horrible has happened to the master. The person sitting across from realizes it was just a burp and calls Jaime Diamond and says BUY!!! And all was again good with the world ) Earthlings can rest easily again