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No idea up or down from here. The recent trend has been fading the up gap. Also non farm payroll day is famous for fading any gaps (either up or down gap). Let's see.
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Bookmap showed a lot of sitting offers above the high, nothing on the sell side. So on paper market should move up after the open to grab the pool of liquidity then we will see.
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Just in case anyone missed daytradingES post this morning under last nights Cobra’sMarket Recsp thread:
Re: 05/02/2019 Market Recap
Postby daytradingES » Fri May 03, 2019 5:59 am
(Going back to bed... not feeling 100%)
Dir 1
Range est 25.25-28.50
H/L est 2940.50 2912.50 28.00
FT 71 crystal ball this morning. IF the dip buyers come in then ES 2942. Most likely move up or down close around the open. Least likely a drop to 2919.
1der wrote:Just in case anyone missed daytradingES post this morning under last nights Cobra’sMarket Recsp thread:
Re: 05/02/2019 Market Recap
Postby daytradingES » Fri May 03, 2019 5:59 am
(Going back to bed... not feeling 100%)
Dir 1
Range est 25.25-28.50
H/L est 2940.50 2912.50 28.00
thanks boss
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats wrote:FT 71 crystal ball this morning. IF the dip buyers come in then ES 2942. Most likely move up or down close around the open. Least likely a drop to 2919.
what do you use to see dip buyers come in?
My comments are for entertainment/educational purpose only. NOT a trade advice.
Pasta Boss- He used to revise his job report forecast late on Thursday after, according to rumor he was fed the number by House Staffers. Had a really good track record.
Last edited by Trades with cats on Fri May 03, 2019 10:43 am, edited 1 time in total.
He was saying if we drop after the open and then see strong buying, he did not provide any tool. He did say it has happened before.
Right now all his scenarios are trashed. What he did get right was be patient and wait for the market to show you.
Trades with cats wrote:He was saying if we drop after the open and then see strong buying, he did not provide any tool. He did say it has happened before.
Right now all his scenarios are trashed. What he did get right was be patient and wait for the market to show you.
so no position, wait and see until? chase a new high or chase a new low? (intraday new HOD or LOD) what is the level to look for? TIA.
My comments are for entertainment/educational purpose only. NOT a trade advice.
FT71 puts up two scenarios with specific levels every morning. Most likely and then what to expect if the opposite happens. He says he puts five together every day. Today he shared four of them. Pretty much like the military. If this starts to happen then this is what to expect next. He is over 1,500 daily you tubes now.
A real issue is he gets new traders watching all the time who have zero patience, they just want to over trade the market. If they go broke they are never going to sign up for his pay to attend all day chat room. So at least once a week he says something tailored for that crowd. It is difficult for him and all the others who know the market as a probability cloud to give advice to people who want certainty. Afterall once you start day trading you should be drinking really expensive champagne and driving a Lambo within 6 moths like all of us!
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