Day Trading Futures

[andycan]

a little support here now but its minor from what i see
i will post charts a little later
you now have an abc forming
if c extends then dont be surprised to see it subdivide (an ABC within an abc)

 

[Bez]

I agree, the OEX hitting its majar 1:1 is acting like a lead weight....( I put a chart up on the SPX thread)

Nice trade btw ...I got the the sell stop triggered while working QCOM

 

[andycan]

I agree, the OEX hitting its majar 1:1 is acting like a lead weight....( I put a chart up on the SPX thread)

Nice trade btw ...I got the the sell stop triggered while working QCOM

cool

 

[Bez]

ABC gives 1383.75 as a bench mark then ....

 

[andycan]

initially yes i expect c if it is going to sell to expand
naturally i dont know that for sure i have my stop at breakeven now
to cover my back but a sell off is due looking for 1380 as a point and then see how it acts

 

[Bez]

Its impulsing now ( expand as andycan says) its in a lot of technical trouble for the bulls...

You just have to smile at the effect the OEX has on the SPX

 

[andycan]

ok i took half profits at 1383.25 to make me feel better (kidding) and i have the other half with a stop at 1385.25

 

[andycan]

Its impulsing now ( expand as andycan says) its in a lot of technical trouble for the bulls...

You just have to smile at the effect the OEX has on the SPX

Bez
im all in favour of correlations with other markets, but why OEX?

i do that a lot with the grains, corn and beans have been leading now wheat has taken the raines
hence the short in beans,

 

[Bez]

The OEX makes up 66% and the Mid 400 account for 34% of the total capitalization in the S&P500 index.

So the SPX carn't swim against the tide when it comes to the OEX.

 

[andycan]

The OEX makes up 66% and the Mid 400 account for 34% of the total capitalization in the S&P500 index.

So the SPX carn't swim against the tide when it comes to the OEX.

cool i learn something everyday
i just look at charts

 

[andycan]

ok im done for the day
my stop is there so if it wants to take me out so be it time for lots drinks
good weekend

 

[Bez]

Nice trading & have a good weekend....

Been an entertaining day, they knew which way the market was going on the 21.05 bar last night! sneaky devils.. ))

Anyway I'm off for a cup of tea ....

 

[andycan]

here is the chart of es
this is classic example not to trade when you are popping in and out as i was doing
my entry was ok but could have been better my exit was crap i had 3 confirmations to exit at 81.25/81.5 so disappointing from an execution point of view but a good day in general

 

[Mr.Black]

This is some scalping opportunities on 5 min chart E-mini from friday:

 

[Mr.Black]

More Trading Opportunities :cheesy:

 

[Mr.Black]

Long on GBP/USD

 

[andycan]

bonds

short bonds

 

[Mr.Black]

My stop is hit

 

[andycan]

im still in bonds
if its going to reverse it should be here my initial target is 111.17-19 which is support
if not im out and will re look

 

[Mr.Black]

Some scalping opportunities from today