Can you tell me if I am way off on this? I'm basing this
short term trade on daily resistance (downtrend line); 14 per stoch
overbought on 5-min and 60 period stoch crossing under 80. I
don't normally try to trade time frames like this, but thought this
looked decent.
Posted by cwa82675 on 30th of Jun 2011 at 03:47 pm
I just picked up a bunch of sds a minute ago. The end of the
month has marked the highs the last two months, with us this
overbought today could be a repeat 20.61
Taking some TWM based on 5 min chart
Posted by kalinm on 30th of Jun 2011 at 02:44 pm
Matt,
Can you tell me if I am way off on this? I'm basing this short term trade on daily resistance (downtrend line); 14 per stoch overbought on 5-min and 60 period stoch crossing under 80. I don't normally try to trade time frames like this, but thought this looked decent.
TWM 15 min chart
Posted by Tango on 30th of Jun 2011 at 03:34 pm
Here is my work-up on a 15 min TWM chart.
http://stockcharts.com/h-sc/ui?s=TWM&p=15&yr=0&mn=0&dy=8&id=p55340717690&a=238195038
I just picked up a
Posted by cwa82675 on 30th of Jun 2011 at 03:47 pm
I just picked up a bunch of sds a minute ago. The end of the month has marked the highs the last two months, with us this overbought today could be a repeat 20.61
I also bought SDS
Posted by Tango on 30th of Jun 2011 at 03:59 pm
Am selling into close on
Posted by racer999 on 30th of Jun 2011 at 03:54 pm
Am selling into close on ES and NQ as well....
Selling that TWM as we
Posted by kalinm on 30th of Jun 2011 at 03:15 pm
Selling that TWM as we approach uptrend line in SPX 5 min and I see a triangle here more than a breakdown.
well if you are looking
Posted by matt on 30th of Jun 2011 at 02:48 pm
well if you are looking at a 5 min chart, here's some things to watch
TWM 5 min chart stochcharts.com URL
Thanks Matt.... now if the
Posted by kalinm on 30th of Jun 2011 at 02:54 pm
Thanks Matt.... now if the price would just give up here..... geez
the /tf future is starting to pull in a little
Posted by zach06 on 30th of Jun 2011 at 02:47 pm
the last 30 minutes had very little volume...looks like the up moves where more of a result of people chasing price..... and no one selling.