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https://tos.mx/krs7m5
We closed over the trend-line look like es wants to hits 80-88 before FOMC and trump budget..
But it doesn't matter what I think trade what I see
So what I am looking for:
Market has to open on Sunday night above the POC. By 8pm doesnt trade to POC. Its bullish may go long to 3am to euro open. Its possible Mr/Mrs es might poke it head inside the trend line to take the stops out watch out 57.75 below that we head to next gap fill at 51. More later. Have family commitments.
ALL TIMES ARE EST thinkorswim Sharing
Cl closed below the 1st trend line (looks bearish so if it cant go above the trend line and cannot take out 48.31 than ES should be ok. 67-68 (POC) very important for the Asian session to open above that point. but if cl breaks 48.31 the next area can be seen on the chart where it can go?
My thoughts 45 (IMHO) it has to take out 48.94 for cl to be mildly bullish, cot hedge funds let go of their longs-bearish move, and entire tom dick and harry are longs so if sell stops hit this baby is going down)
Next Russel which feel like it want to go to a major support line 1340 https://tos.mx/8XTqYn
As seen russel closed blow that minor trend line (bearish)
Es which I have posted above close above the downtrend line.
nq has been leading the way higher which is good. so I will post some of the fang stocks thinkorswim Sharing
FB all time high
Amzn thinkorswim Sharing
NQ https://tos.mx/NBPhct
Nq chart bullish. Closed above the minor trendline like ES did.
So it just feel 50/50. I know I dont what to hear this. so key is to see how cl reacts and how es opens Sunday night. a break below 67 on es will at atleast takes us to 64.75 and than below that to touch RTH low 59 (val) below that es is toast to 51 (for a gap fill)
more later need to head out
ES has tried to break 57 to 59 area multiple time which is bottom of the spike (used to be) below that it is toast to 51. I know i sound very bearish, but I also have a bullish scenario, watch nq when the ES sold off on Friday taking out the overnight low, nq could not take out the overnight low. Nq pulled the entire market up. so nq is keeping the market up. Amzn did not have a big sell off neither did apple. watch NQ carefully.
My bullish scenario, Asian session market should not come close to 67-69 area and we bounce off the settlement area and stay above. than we will head higher to 3am euro session and a mild reversal at 5am trying to test settlement area or POC but doesnt touch it. So I shall see what happens will continue this commentary as it goes.
So i am more and more leaning toward nt eventhough i have to pay for everything volume profile footprits etc i probably get everything free with sierra and multicharts on amps futures. The reason being most uses NT here. And sierra is a pain for they dont have live support and it not much support from them and worst I really dont understand their English and they dont have screen shot. I have not tried multichart as yet will do that tonight.
we hit 64.75. to the tick..
Yeah, I'm pretty green figuring when is range or trend day. Hopefully it will come one day. I just notice it only takes 1 trade from being profitable to being broke from doing a lot of combines. GL!
I cant go above Next trade I shorted 71.75 (rth) covered at 66.25 (my best trade in my real account) All of the above is real account
reason for my my short: poor high on a thirty min time frame it made lower high and only a few contracts were trade at 73.75 i got in late but sim i got in earlier I was looking for 63.75 but covered at 66.25(just above the settlement and value area high and than chilled.
My hands were itching to short 77 it couldn't take out 77. In my sim I shorted 71.75nd went for a ride to 66.25 (close to vah)
My reasons for short has to be posted and edited tomorrow as I have to post the chart of what i saw, since I was trading live
so adding on why i shorted should have waited a little to short https://tos.mx/jQaoBP
tick made lower highs https://tos.mx/zIk1Un
futures made lower highs
and stochastic indicated over over bought
the mistake i made i knew it will hit 73 at least to get short i was so sure it will go down i shorted at market (follow my brains)
so i shorted at market looking for 66.25-63.75
what makes you figure out its a range or a trend day. what I have seen on a range day u can average out get out but not on a trendingdi day. On a trending day you canaverage out but on a longer range. And the timeframe? How can I figure out its a trend day or range soon? Thanks for reply
I will keep following but this would be my last post in this thread, really dont want to clutter your journal.
I don't know if its going to be range or trend day, I really don't and thought probably I can learn from checking out others journals. I just know so far what I thought small range day and suddently BOOM it goes south/north. Take care.
Looks like we are gaping down tonight open 68.25 key we need es to hold above 67.00-68.5 (Asian session are bad to trade) no major news coming out tonight Mario Draghi talking tomorrow, may be people are taking profits,
Thanks a lot, Pls dont follow me. I am an absolute beginner. Most people have been trading longer than I have. i Have to just learn how to figure out to get out. Like tonight. Bad id we gap down below 72 because its going to gap down below 72.50 i have to figure out if can hold 68.. and goes above that. than we go higher.
Thanks a lot, Pls dont follow me. I am an absolute beginner. Most people have been trading longer than I have. i Have to just learn how to figure out to get out. Like tonight. Bad id we gap down below 72 because its going to gap down below 72.50 i have to figure out if can hold 68.. and goes above that. than we go higher.
