NexusFi: Find Your Edge


Home Menu

 





TF thread (Russell 2000) ... anything goes


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one kbit with 791 posts (476 thanks)
    2. looks_two Big Mike with 38 posts (37 thanks)
    3. looks_3 Silvester17 with 31 posts (55 thanks)
    4. looks_4 Boomer34 with 23 posts (5 thanks)
      Best Posters
    1. looks_one Silvester17 with 1.8 thanks per post
    2. looks_two Big Mike with 1 thanks per post
    3. looks_3 aligator with 1 thanks per post
    4. looks_4 kbit with 0.6 thanks per post
    1. trending_up 232,632 views
    2. thumb_up 782 thanks given
    3. group 69 followers
    1. forum 1,126 posts
    2. attach_file 269 attachments




 
Search this Thread

TF thread (Russell 2000) ... anything goes

  #901 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I saw this drop coming last thursday night...guess I could have said something. The shaded area foretold what was coming, this was uncharacteristic of the bullish behavior exhibited the past few weeks. Long story short, 1151.3 is an upside target...when we start going up again.

I have no downside targets identified as of this post.

I am looking for 25.6 short term and will be looking for a short around there providing I get some decent PA though I may blindly try something w/tight stop...

Blue line is trend line, red is at 25.6
I haven't drawn a trend line in a while but it seemed appropriate in this case.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
Battlestations: Show us your trading desks!
18 thanks
  #902 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I hate to disagree with my last post but after going over a few things I noticed that I had overlooked the probability/possibility of it getting to 1129...
I have some mixed signals on this but point is 25.6 is still an area to look for short but 29 is obviously better.

Tomorrow is NFP so all of this may go out the window but if the boat doesn't get rocked to much that's what I'm looking for.

Started this thread Reply With Quote
Thanked by:
  #903 (permalink)
gigman
Lexington, nc /usa
 
Posts: 1 since Jun 2014
Thanks Given: 1
Thanks Received: 1


Just because we hear all the bad stuff about our president... and rightly so... don't give up on the market. We are probabally in for a chop chop fall... A rebound next week will be unexpected... just watch.

Look at the daily TF... chopped up and going back and forth...if the market was going down, It would roll over and go down..With all the bad news it is still going sideways... that tells you something!

Reply With Quote
Thanked by:
  #904 (permalink)
 nate99 
Lincoln, NE, Husker Nation
 
Experience: Intermediate
Platform: NINJA7, Zen/CQG
Broker: Global, CQG
Trading: CL, TF
Posts: 31 since Jun 2012
Thanks Given: 43
Thanks Received: 10

I'm reading about a monday bounce...

Thoughts?

Reply With Quote
Thanked by:
  #905 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I'm just winging it but thinking 25.6 will get hit tonight or tomorrow and will go back to the play I lined out a few days ago.

Shots of daily and weekly Ichimoku



Started this thread Reply With Quote
Thanked by:
  #906 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I know it's arguable but thinking we will set some new lows tomorrow..I had a short up there today at the 25.6 (a long at 18.5 as well ...)I mentioned the other day.
As of this post a short has lined up at 16.9 but hard to say if it has legs or not.

Last I looked the some of the ES guys seem to think a bottom maybe in place...not seeing that myself. I am noticing some "balancing" of the indexes and when they get more in line we'll know what direction we will really head in.
I'm obviously not as bullish and expect moves in either direction with a bias towards the downside right now.

I'm looking for somewhere around 1085 in the coming days. don't hold me to this one, like I said willing to change my mind at any time...we did bounce off the cloud on the weekly Ichimoku so it could run up to around 1142 as well...

pic of trade off top after seeing pinbar/doji followed by down bar in the area I mentioned. I used this chart for entry but another for the exit.

Started this thread Reply With Quote
Thanked by:
  #907 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


kbit View Post
I hate to disagree with my last post but after going over a few things I noticed that I had overlooked the probability/possibility of it getting to 1129...
I have some mixed signals on this but point is 25.6 is still an area to look for short but 29 is obviously better.

Tomorrow is NFP so all of this may go out the window but if the boat doesn't get rocked to much that's what I'm looking for.

Looks like I got ahead of myself, either that or the market is a couple days behind me...

Started this thread Reply With Quote
Thanked by:
  #908 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

29 has been a good spot to short...some chop going on now obviously, looking for 16.7 to get hit then fair chance it will back to 21.1

After that, not sure, will figure it out as we get closer

Edit: just occurred to me could hit 21.1 first then drop to 16.7....if it does that then better chance it keeps going down.
I'm already short so doesn't matter to me that much but will cut it if it gets to 22ish again.

Started this thread Reply With Quote
Thanked by:
  #909 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364


kbit View Post
29 has been a good spot to short...some chop going on now obviously, looking for 16.7 to get hit then fair chance it will back to 21.1

After that, not sure, will figure it out as we get closer

Edit: just occurred to me could hit 21.1 first then drop to 16.7....if it does that then better chance it keeps going down.
I'm already short so doesn't matter to me that much but will cut it if it gets to 22ish again.

Look for a return to 21.1....as it seems I'm a couple days ahead of the market lately it might not happen til Tuesday

Started this thread Reply With Quote
Thanked by:
  #910 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364



kbit View Post
Look for a return to 21.1....as it seems I'm a couple days ahead of the market lately it might not happen til Tuesday

With the news of bombing of isis in Iraq the return to 21.1 might be a little more difficult....

Started this thread Reply With Quote
Thanked by:




Last Updated on April 28, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts