damn you stole my trade
I've just joined you. copycat trade
Nice one! Next time i exit i'll pm you bud, need a word.
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Nice one! Next time i exit i'll pm you bud, need a word.
firewalker99
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firewalker99
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firewalker99
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damn you stole my trade
I've just joined you. copycat trade
exit first half at 645 for +40
stop for other half at 605 (BE)
probably a bit retracement coming up now
firewalker99
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and here we have it
this is real live analysis, brought to you live from radio DOW
firewalker99
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Stop 630.(5)
Time for the "let's-guess-the-close-round"
any takers?
I'll go first 12714
firewalker99
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firewalker99
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ok, we're back... surprised to see it has gone lower, but then again
that's why we have stops!
firewalker99
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if my hallucinating mushrooms are still working, 12555 might come into play again
firewalker99
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if my hallucinating mushrooms are still working, 12555 might come into play again
and we bounced off at 12551 :smart:
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if my hallucinating mushrooms are still working, 12555 might come into play again
I didn't see that 100 point down move coming.....
Please explain re the 12555?
firewalker99
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If you followed my posts of yesterday you will have noticed 12555 a couple of times. If a level seems important to me, it usually remains "important" for sometime.
Now, yesterday the market opened at 12389 and today the high was 12692. The second high was 12690 and after that we went lower. On an intraday timeframe one could consider this to be a double top. Next the difference between those two levels is 303 points, the average price level is 12540. Price likes going back to the midpoint of extremes...
I also pay attention to the average true range of the last 10 bars on a 5-minute timeframe, that is around 15 lately. When price bounces off or from a certain level, the reaction is usually about the average range. This gives us 12540 +/- 15 = 12555 or 12525.
All of this number crunching is just an excuse
Seriously, just look at the chart and look where price found support yesterday. Price reacted strongly on the upper line. I wonder if Mr. Marcus would've said everything is known in advance.
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free4440273
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If you followed my posts of yesterday you will have noticed 12555 a couple of times. If a level seems important to me, it usually remains "important" for sometime.
Now, yesterday the market opened at 12389 and today the high was 12692. The second high was 12690 and after that we went lower. On an intraday timeframe one could consider this to be a double top. Next the difference between those two levels is 303 points, the average price level is 12540. Price likes going back to the midpoint of extremes...
I also pay attention to the average true range of the last 10 bars on a 5-minute timeframe, that is around 15 lately. When price bounces off or from a certain level, the reaction is usually about the average range. This gives us 12540 +/- 15 = 12555 or 12525.
All of this number crunching is just an excuse
Seriously, just look at the chart and look where price found support yesterday. Price reacted strongly on the upper line. I wonder if Mr. Marcus would've said everything is known in advance.
FW: could i just ask for my information: the useful chart in your post: it is a five minute chart over which time frame (presumably this matters?): three month, yearly?? Thanks FW
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