te_fern
Posts: 4019 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Fri Sep 20, 2019 11:40 am
dtES is 3000 your estimated low?
This is not investment or trade advice.
BullBear52x
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by BullBear52x » Fri Sep 20, 2019 11:42 am
te_fern wrote: Coolbiz just went long again at 3011. Don't like being on the other side of the trade from him....
The closed on past 3 days were fat, it's time for the market to move out of this balance area (POC if you will)
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BullBear52x
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by BullBear52x » Fri Sep 20, 2019 11:46 am
daytradingES wrote: BullBear52x wrote: today should be a trend intraday, by that I mean big range one way or the other, I hope for down since I started on the south bound train.
why do you feel is should be a big rng one way or another?
(most stuff I have is sideways)
Wrong reply, oopz
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te_fern
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by te_fern » Fri Sep 20, 2019 11:49 am
Aiming for the S1 pivot, which is right around 3000...
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te_fern
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by te_fern » Fri Sep 20, 2019 11:50 am
As Cobra says, being short is hard work.....LOL!
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Cobra
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by Cobra » Fri Sep 20, 2019 11:56 am
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daytradingES
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by daytradingES » Fri Sep 20, 2019 11:56 am
te_fern wrote: dtES is 3000 your estimated low?
Yes at 8:30CT
If 3018 turns out to be the HOD then range rule gives 3002 as estimated low.
3003 pops up other estimates and 3001.50 is the low stop1
So in that area. IF down day which I think it might be.
The key is not the low estimate but the best sell time or sell price (well second best as 3018 gone)
Clear as mud!!
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Good trading to all
BullBear52x
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by BullBear52x » Fri Sep 20, 2019 11:58 am
Cash SPX Fib, 38.2% resistance, same playbook.
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te_fern
Posts: 4019 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Fri Sep 20, 2019 11:59 am
daytradingES wrote: te_fern wrote: dtES is 3000 your estimated low?
Yes at 8:30CT
If 3018 turns out to be the HOD then range rule gives 3002 as estimated low.
3003 pops up other estimates and 3001.50 is the low stop1
So in that area. IF down day which I think it might be.
The key is not the low estimate but the best sell time or sell price (well second best as 3018 gone)
Clear as mud!!
Thanks! It's like trying to figure out where to place stops...
This is not investment or trade advice.
Cobra
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by Cobra » Fri Sep 20, 2019 12:00 pm
maybe the range low was in?
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daytradingES
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by daytradingES » Fri Sep 20, 2019 12:06 pm
Fridays can be choppy and best to stay away from -- but I'm an addict like the rest of us nuts here :LOL:
In any case, IF we get a bounce (say around 12 CT) and the indicators look like they are topping out then I'll sell - else take a nap!
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Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Fri Sep 20, 2019 12:10 pm
Al_Dente wrote: $NYADV:$NYDEC = 2.2x
$NYUPV:$NYDNV = 2.7x
bull at the moment
$NYADV:$NYDEC = 2.2x
$NYUPV:$NYDNV = 2.7x
bulls aren't giving up... yet...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4019 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Fri Sep 20, 2019 12:13 pm
About to get stopped out and then I'll go take a nap too!
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Al_Dente
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by Al_Dente » Fri Sep 20, 2019 12:22 pm
1) SPX double top
2) Sentiment: options traders (1/VIX) are bull-SPX
3) QQQ not so much
15m
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x
Posts: 29675 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Sep 20, 2019 12:22 pm
We are here. Until it doesn't.
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Al_Dente
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by Al_Dente » Fri Sep 20, 2019 12:23 pm
He's at the podium now with Aussie PM
he's taking questions
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Al_Dente
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by Al_Dente » Fri Sep 20, 2019 12:28 pm
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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by Trades with cats » Fri Sep 20, 2019 12:30 pm
Everybody playing the ETF's really should take a look at the micro ES and the M2K micro small caps. With the MES a point is $5 so if you don't want to be at a high roller table you can still afford to trade three or four contracts at a time. The tax side is terrific if you pay US income tax as it is the 60/40 split between capital gains and ordinary. Tax return is just filling in the single number from your brokerage. Brokerages are looking for collateral for day trading in the area of what ever change you have in your pockets. Being liquid futures contracts you just know there has to be a hedge fund somewhere with a fast data connection arbitraging the heck out of any price variance with the regular ES, making sure they are the same price.
The other thing is ETFs do scare me as when things go really wrong it is a sponsoring bank who decides what to do, while with futures it is the exchange. So the bank could say that ended badly and just walk away. Exchange has no other line of business and the members are mostly traders.
BullBear52x
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by BullBear52x » Fri Sep 20, 2019 12:30 pm
If we have this as a second leg lower, Monday will be another one. just saying.
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Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Fri Sep 20, 2019 12:34 pm
Aggressive sectors stacked, daily
The only green elder is health, breakout
Srsly, bulls need more help, and soon....
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.