As we saw on Friday, it can take a long while for reversals to
play out after large-range down moves but once they do the
combination of short-covering and dip-buyers can be strong. If
sellers can't bring price back down under 1160 (TF) convincingly,
anticipate another afternoon rally.
As we saw on Friday,
/TF looks to be back testing upward sloping trendline from ...
Posted by a_l_ on 20th of Jan 2015 at 01:46 pm
As we saw on Friday, it can take a long while for reversals to play out after large-range down moves but once they do the combination of short-covering and dip-buyers can be strong. If sellers can't bring price back down under 1160 (TF) convincingly, anticipate another afternoon rally.
10 min /TF short might
Posted by zenman on 20th of Jan 2015 at 01:56 pm
10 min /TF short might trigger for me around 1160. Let's see what 11 o'clock brings.
http://screencast.com/t/lgBGHRl1Z
http://screencast.com/t/f1InvASsg Nope long got triggered instead.
Posted by zenman on 20th of Jan 2015 at 02:05 pm
http://screencast.com/t/f1InvASsg
Nope long got triggered instead. Value area bottom coming up at 1166.
TF back into value area
Posted by a_l_ on 20th of Jan 2015 at 02:03 pm
TF back into value area - logical target of 1167-8 and then up in the 1171-2 range.
Target 2 hit. Trailing a
Posted by a_l_ on 20th of Jan 2015 at 02:41 pm
Target 2 hit. Trailing a little tighter now.
Nice hourly recovery. Good on
Posted by zenman on 20th of Jan 2015 at 02:45 pm
Nice hourly recovery. Good on you al. I'm out at my target. Hope you get a real short squeeze though.
Thanks. I just have 1/3
Posted by a_l_ on 20th of Jan 2015 at 02:47 pm
Thanks. I just have 1/3 left long with two targets hit. Maybe it wants to get positive. I'll continue to tighten stop if it gets into 1174-5 range.
Flat, as Primary Pivot held
Posted by a_l_ on 20th of Jan 2015 at 02:55 pm
Flat, as Primary Pivot held as resistance. Will look long again if 1172 is taken out.
Missed a beauty of a
Posted by a_l_ on 20th of Jan 2015 at 03:54 pm
Missed a beauty of a short at 1168.8, but can't be piggy.
Target 1 complete; small timeframe
Posted by a_l_ on 20th of Jan 2015 at 02:31 pm
Target 1 complete; small timeframe negative divergence on the last push, but not even 5M yet.