I took a short on breaking yesterday's lows, took a profit on an
initial move and was stopped out this morning out of hours (I was
holding a contract overnight) at 1169.3. It is chopping around, and
I wonder what level is important to break for a good trade down to
your numbers. The symmetry is broken below 1156 on the cash
index.
A prior move from the highs was 18 points down to 1161
yesterday. The rectangle formation (depicted by Alex) was
backtested at the close. I would expect a move down to 1156
tomorrow of 18 points from today's high at 1172. EMA(9) on the
daily is at 1151 now, it would be close to 1156 tomorrow. It would
be an AB=CD move (18 points down). Any comments?
Yes, I had that in mind. What concerned me -- and I cancelled my
order before it would have been executed -- was that the price
could have yo-yo'ed down and up. I did not expect the symmetry to
be broken on $rut -- and it hasn't as of the close today -- and the
price moved up today before it reversed. So my order would have
been picked up, then become profitable and after that stopped out.
Since I could not convince myself that such a scenario could not
happen, and I am not in a position to watch the trade at work, I
opted for a more certain setup along with the trend rather than
against it. Hopefully tomorrow the price will reverse and the same
trade would play out in the opposite direction.
My take is that now we are set for a 52-59 point upmove as
during Sept 29 to Oct 2 from 1874. That possibility lines up well
the ema(9) on the daily at 1925.
The community is delayed by three days for non registered users.
I took a short on
10 point move back into value area on TF - ...
Posted by junkie on 6th of Nov 2014 at 12:51 pm
I took a short on breaking yesterday's lows, took a profit on an initial move and was stopped out this morning out of hours (I was holding a contract overnight) at 1169.3. It is chopping around, and I wonder what level is important to break for a good trade down to your numbers. The symmetry is broken below 1156 on the cash index.
A prior move from the
10 point move back into value area on TF - ...
Posted by junkie on 5th of Nov 2014 at 06:35 pm
A prior move from the highs was 18 points down to 1161 yesterday. The rectangle formation (depicted by Alex) was backtested at the close. I would expect a move down to 1156 tomorrow of 18 points from today's high at 1172. EMA(9) on the daily is at 1151 now, it would be close to 1156 tomorrow. It would be an AB=CD move (18 points down). Any comments?
Interestingly, her target of 114.95
Good Example of Symmetry
Posted by junkie on 28th of Oct 2014 at 07:26 pm
Interestingly, her target of 114.95 is within 0.8 from today's close.
Saturn, where does the lower
SPX - Latest...
Posted by junkie on 28th of Oct 2014 at 12:23 pm
Saturn, where does the lower trend line of the wedge stand right now? Thanks for your updates!
Title: I had that in
$rut is forming a doji today
Posted by junkie on 22nd of Oct 2014 at 05:58 pm
Yes, I had that in mind. What concerned me -- and I cancelled my order before it would have been executed -- was that the price could have yo-yo'ed down and up. I did not expect the symmetry to be broken on $rut -- and it hasn't as of the close today -- and the price moved up today before it reversed. So my order would have been picked up, then become profitable and after that stopped out. Since I could not convince myself that such a scenario could not happen, and I am not in a position to watch the trade at work, I opted for a more certain setup along with the trend rather than against it. Hopefully tomorrow the price will reverse and the same trade would play out in the opposite direction.
$rut is forming a doji today
Posted by junkie on 22nd of Oct 2014 at 12:09 pm
TZA is setting up a good quick trade:
http://stockcharts.com/h-sc/ui?s=TZA&p=D&yr=0&mn=6&dy=11&id=p63657367310&a=299334669&listNum=59
BPT MA Deluxe on 60-minute charts
Posted by junkie on 21st of Oct 2014 at 12:31 pm
Has the BPT MA Deluxe on 60-minute charts turned green yet? And on the daily charts?
There was another doji in
Dow Doji
Posted by junkie on 16th of Oct 2014 at 07:59 am
There was another doji in 2004 on a trend line not shown, too.
A bounce up to last
Tagging next symmetry target
Posted by junkie on 15th of Oct 2014 at 03:42 pm
A bounce up to last for several days to two weeks has started now, hasn't it?
My take is that now
SPX 15 Channel
Posted by junkie on 14th of Oct 2014 at 12:17 pm
My take is that now we are set for a 52-59 point upmove as during Sept 29 to Oct 2 from 1874. That possibility lines up well the ema(9) on the daily at 1925.
Those are weekly charts, so
% Stocks in SPX above their 50 day MA
Posted by junkie on 13th of Oct 2014 at 05:08 pm
Those are weekly charts, so a signal is not going to be good. Could you have the same chart on the daily time frame?
A break of the lower
SPX 3 IMPORTANT
Posted by junkie on 13th of Oct 2014 at 01:40 pm
A break of the lower trendline is a signal to go short then for a quick move to 1878ish?
Steve, why was a 22-point
SPX Daily
Posted by junkie on 10th of Oct 2014 at 05:14 pm
Steve, why was a 22-point bounce not enough to change the trend (1912 to 1938) earlier today? What am I missing here?
Yes. What's the current outlook
Broken symmetry to the upside on $SPX
Posted by junkie on 10th of Oct 2014 at 12:49 pm
Yes. What's the current outlook in terms of Elliotese: a completed c-wave?
http://stockcharts.com/h-sc/ui?s=$SPX&p=30&yr=0&mn=0&dy=16&id=p34852723441&a=177085615&r=1385058835724&cmd=print
It looks like a backtest of the break-down line to me, as the move inside the triangle is stalled.