key time. strong rebound here then it's double bottom, the low was in (but still range day). consolidation or sharp down here then it's downtrend day with perhaps later day reversal up again.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
FT 71 usually has two scenarios, an expected and a second. He also does a trend up and down but doesn't usually post those.
So most likely was a move up 2695.75 ES then a drop, consolidate drop to a 2680 low then grind up into yesterdays range.
Less likely was an immediate sell off the open down to 2687 then grind up, consolidate around the open then grind up into yesterdays range. It is usually the last 4 or 5 minutes of his daily you tube video. He represents the auction theory pro trader mind set, so I figure what he sees is what they tend to see. If what he is expecting does not happen then that is an important piece of the daily puzzle.
Trades with cats wrote:FT 71 usually has two scenarios, an expected and a second. He also does a trend up and down but doesn't usually post those.
So most likely was a move up 2695.75 ES then a drop, consolidate drop to a 2680 low then grind up into yesterdays range.
Less likely was an immediate sell off the open down to 2687 then grind up, consolidate around the open then grind up into yesterdays range. It is usually the last 4 or 5 minutes of his daily you tube video. He represents the auction theory pro trader mind set, so I figure what he sees is what they tend to see. If what he is expecting does not happen then that is an important piece of the daily puzzle.
Thanks!
yes I gathered that he had two scenarios.
So my question was based on his primary scenario what was his HOD and LOD?
Educational only and not trading advice (EO&NTA) Good trading to all
He's back! The bombastic and ever popular with ZeroHedge Nigel Farage has a new political party that was just recognized by the election commission the Brexit Party. Just when you thought the political circus on both sides of the Atlantic couldn't get much crazier.
Unleash the Algo's, this thing needs a buy program or all the written stuff over the weekend is going to be big time negative. Mustn't scare the 401K crowd.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.