Quick note: The bulls still holding key support so we are
preaching level to level trading guys. Refrain from
chasing extended moves in either direction (this morning was a
prime example). There is one way to count another leg up.
First hurdle around 4220. I pointed out 4203 earlier
in the community as target which was ACHIEVED in the afternoon.
See my posts showing rising channel - nice pullback within
to position if a trader but otherwise trail up
Posted by mirhamedali on 14th of Aug 2022 at 08:07 pm
On the SPY chart it shows that some trades employ $5,000 while
others employ $10,000. I was wondering why the difference?
It may be a good idea to have a Q&A section right on the
systems page. It would be useful to browse through the questions
that may have been asked and answered previously by others.
Quick note: The bulls still
Posted by steve on 11th of Aug 2022 at 04:21 pm
Quick note: The bulls still holding key support so we are preaching level to level trading guys. Refrain from chasing extended moves in either direction (this morning was a prime example). There is one way to count another leg up. First hurdle around 4220. I pointed out 4203 earlier in the community as target which was ACHIEVED in the afternoon. See my posts showing rising channel - nice pullback within to position if a trader but otherwise trail up
On the SPY chart it
Posted by mirhamedali on 14th of Aug 2022 at 08:07 pm
On the SPY chart it shows that some trades employ $5,000 while others employ $10,000. I was wondering why the difference?
It may be a good idea to have a Q&A section right on the systems page. It would be useful to browse through the questions that may have been asked and answered previously by others.
On NDX: This third wave
Posted by mirhamedali on 14th of Aug 2022 at 08:39 am
On NDX: This third wave of the larger wave 2 up from the lows itself is up 18%. That seems super extended.
On NDX the entire move off the previous March lows was about 18% .... followed by a drop to new lows.
Some sort of rest seems overdue based on historical percentage moves up.