kbit 

What is a 9:30 candle ?.......5m , 15m, 30m, ...?

1 minute chart(sorry my bad.. im typing & trading @ the same time....) & one more thing its for trading hours only 9:30 - 4:00.....


Thanks

Bugs.

if TF continues the way its going im seeing a tgt @ 661ish....


TF just made a bottom @ 675.7.... if this is a true bottom mkt should go upto 675.7 + 5.5 = 681.2.. so chances are 681.2 should get hit & knowing its a downtrend it could reverse from that point....


Good Luck


Bugs

bugsbunny 

Expect every top or bottom to have a 5.5 pt target on the TF... Its today's hidden move only....(11/23/2011) Count 5/10/15 points from 9:30am EST candle & expect it to reverse @ these points...... Now 9:30's candle is the entire body & pins if any... Good Luck.. The 9:30 Trick is very important it does work..... & yeah this is all for TF only... Good Luck Bugs

I still don't quite understand...is it 5.5 points from the 9:30 candle close or what ? exactly what are you looking at ?

kbit 

I still don't quite understand...is it 5.5 points from the 9:30 candle close or what ? exactly what are you looking at ?

Thanks you brought that up... its actually 2 different things one is a permanent setup & the other changes daily.... the 5/10/15 point move is a fixed setup.. traders should look out for that on a daily basis... whereas the other 5.5 pt tgt changes daily... like yesterday was 4.2 points... today 5.5...

so today being a downtrend everyone shouldve sold every 5.5 move that retraced but being such a powerful move it was impossible to catch that kinda retracement..... today was a jump in & ride the trend day.....

I hope everyone made $$$$..
Ill catch you guys in a few weeks...


merry xmas & happy new year to everyone....


Bugs

bugsbunny 

Thanks you brought that up... its actually 2 different things one is a permanent setup & the other changes daily.... the 5/10/15 point move is a fixed setup.. traders should look out for that on a daily basis... whereas the other 5.5 pt tgt changes daily... like yesterday was 4.2 points... today 5.5... so today being a downtrend everyone shouldve sold every 5.5 move that retraced but being such a powerful move it was impossible to catch that kinda retracement..... today was a jump in & ride the trend day..... I hope everyone made $$$$.. Ill catch you guys in a few weeks... merry xmas & happy new year to everyone.... Bugs

I'm not trading tomorrow but I'm guessing your number is about 6.1 for tomorrow...is that right ?

kbit 

I'm not trading tomorrow but I'm guessing your number is about 6.1 for tomorrow...is that right ?

nope if mkts were opened today the tgt wouldve been 4.2 pts...

kbit you getting close but wont be able to figure this one out...... its something totally different.... no Indicators..nothing just a few hours extracted during a trading day just simple range between certain hours after open..... so most likely the tgt will be the same on Monday too..
But I wont be around to check it out... tomorrow is a big day for me.. so I request you guys to remember me in your prayers..


Thanks Again

Bugs

bugsbunny 

nope if mkts were opened today the tgt wouldve been 4.2 pts... kbit you getting close but wont be able to figure this one out...... its something totally different.... no Indicators..nothing just a few hours extracted during a trading day just simple range between certain hours after open..... so most likely the tgt will be the same on Monday too.. But I wont be around to check it out... tomorrow is a big day for me.. so I request you guys to remember me in your prayers.. Thanks Again Bugs

That doesn't make sense to me, I am a bit handicapped in that I don't want to discuss this on a public forum. I'll just say that time is part of the equation in one of the calculations for me too. I came up with the same thing on an alternative formula but prefer the other...anyway have a great holiday Bugs and hope your surgerys go well.

Edit: by the way Using the other method I come up with 4.3

TF approaching 743 it could sell for a bit... next resistance is 747 (dec. contract)

My first outing after surgery... still cant sit for too long... just couldnt resist to post.... Great weekend guys...


Bugs

bugsbunny 

My first outing after surgery... still cant sit for too long... just couldnt resist to post.... Great weekend guys... Bugs

Nice to see you again Bugs...I hope you are in better health now.