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thanks for the suggestion, I have several other sources beside the stockcharts. Even with stockcharts I can use alternative, say XSP.TO. Just so far it's likely a strong uptrend day therefore no comments seem necessary.
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In doing my pre-open numbers they were extremely strong (bullish).
For example something called the "projected price" (prj of the last move into the opening), gave:
2661.50
The stop running number was
2662
and the breakout was
2664
Taken together this means the price is projected up towards the stop which is so close to the breakout that the breakout is indicated.
On a breakout day it can go very high (or under different market conditions slightly above).
But with an open of
2656
this is strong day.
My guess for the HOD is 2670.75+ and an alarm has just gone off for this.
In summary before the open this was screaming "strong up day".
H/L (before open estimates):
2670.75 and 2640.75
At this time the range rule would say
Act Low 2647
+27.50
2674.75 est Hod
Last edited by daytradingES on Fri Jan 18, 2019 1:40 pm, edited 4 times in total.
Educational only and not trading advice (EO&NTA) Good trading to all
You asked about numbers in the 2520 area in that you were seeing a push down to that area.
As I mentioned I focus my estimates on intraday trades and not multi-day swings.
When i looked for you last night as promised, the first thought is that I don't try to estimate the next swing low until a swing high is place - which was not the case last night - and is still not.
Once in place I can look again - but as for now - at this time
11:31 am Friday the 18th of January,
The daily chart is in breakout and the current question is how far it will run.
Last edited by daytradingES on Fri Jan 18, 2019 1:36 pm, edited 2 times in total.
Educational only and not trading advice (EO&NTA) Good trading to all
You asked about numbers in the 2520 area in that you were seeing a push down to that area.
As I mentioned I focus my estimates on intraday trades and not multi-day swings.
When i looked for you last night as promised, the first thought is that I don't try to estimate the next swing low until a swing high is place - which was not the case last night - and is still not.
Once in place I can look again - but as for now - at this time
11:31 am Friday the 18th of January,
The daily chart is in breakout and the current question is how far it will run.
Thanks boss. I move my low up now, it's moving target base on FIB
My comments are for entertainment/educational purpose only. NOT a trade advice.