The X-Files on BMT - futures io
futures io futures trading



The X-Files on BMT


Discussion in Trading Journals

Updated by Tiberius
    1. trending_up 3,035 views
    2. thumb_up 58 thanks given
    3. group 2 followers
    1. forum 29 replies
    2. attach_file 60 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The X-Files on BMT

(login for full post details)
  #11 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

market can't seem to get going. check out the charts. Weekly stochastics are DOA. The only good looking chart feature is the divergence on the daily chart. Maybe the daily stochastics has to come down and get the weekly stochastics for a bull leg kick off.






Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:

Can you help answer these questions
from other members on futures io?
QDEL
Stocks and ETFs
Macros for flatten and reverse
TradeStation
Traders Agency-Josh Martinez
Trading Reviews and Vendors
Trade Summary Error
MultiCharts
Thinkscript for scanning in Option Hacker
ThinkOrSwim
 
 
(login for full post details)
  #12 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received



Blue Arrow = "V" Bottom
Green Arrow = "W" Bottom
Red Arrow = Break of "W"
Purple Arrow = 1st Target @ L1 & 50MA

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #13 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received


XLF is stalled, but the GS news is that QE3 is soon.



But SPY made it's 1st goal of the 50 MA. So is the 50 MA resistance and the 25 MA support?


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #14 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

#1: wasn't a massive amount of volume Thursday

SPY did meet the goal of L1 and the 50MA. Does it hold the 25 MA and consolidate? This is profit taking until we can confirm a trend change. Have to look for another "W" or pivot break of recent high. Or a break of the "W" low. 25MA.



The Banksters took it hard.



Big Tech


Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #15 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

Price has to get above the 50MA and the pivot high for the rally to continue. Still in an uptrend until ...............

The Bankers:



The Speculators:



The Investors:


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #16 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

If we can get above yesterday's high, maybe we can get going to challenge the recent pivot high to start a summer rally.




Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #17 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

Da, got above yesterday's high and the pivot all in one day. wow.







So I know not what Monday will bring, The charts say we are in a swing higher. The 50 MA should be support.


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #18 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

Friday the 13th is when JP Morgan and Wells Fargo report. Some say their earnings will be lousy, but may estimate a bright next quarter. And the market is waiting to hear the estimate.

But here are the charts:

The Banksters:


Needs to hold the 200MA and L2 at 14 ........ critical.

The Investors:


Needs to hold the 200MA, that pivot and L1.

The Speculators:


Needs to hold the 200MA and the lower pivot at around 75.

If we get a break, we get a trend change ..........................

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #19 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received

I guess many are waiting for the bilge from Jackson Hole. QE3 or not. This could break the market out of the current range.

The Banksters took look so hot:



The Investors are weakening: Check the volume:



The Speculators: This chart is waving a warning flag for the Bulls:


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Tiberius for this post:
 
(login for full post details)
  #20 (permalink)
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
Tiberius's Avatar
 
Posts: 1,552 since Feb 2010
Thanks: 2,956 given, 3,400 received


The market trend is still up. Today's candle was white until "they" push higher on close. Hey, better volume. I guess Jackson Hole holds the key to a break of L1 or L1.


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Tiberius for this post:


futures io Trading Community Trading Journals > The X-Files on BMT


November 14, 2012


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts