- Joined
- 13 September 2013
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I've noticed the same, it's easy to get chopped up when it keeps peaking into new highs. really need too see the intent that it wants to drop then be patien enough to wait for a pull back
I've noticed the same, it's easy to get chopped up when it keeps peaking into new highs. really need too see the intent that it wants to drop then be patien enough to wait for a pull backafter the initial sharp drop.
Depends on TFUnlike the Nikkei where a level has to be crossed 17 times before it chooses a direction lol
Back at 4000, which for me means the short position is potentially finished.On the way up, key levels are hit and respected. On the way down, the price tends to avoid these same levels, both above and below. It's the avoidance that causes the contraction in volatility... I think.
So ES may need to go up a bit and grab some liquidity tonight, but if it does it will try to avoid 4000. Might get to say 3995 then start back down.
I used to get into shorts when momentum slowed and you could see the high volume absorption by sellers, but there's normally much lower risk entries 2 or 3 days later, after the initial sharp drop.
Yes I am. I'm a bit confused by it all. How can they be so different?are you looking at trading view continuous contract? i see that has changed/gapped
Right now I can buy a CFD at 3971 on CMC. So....Yes I am. I'm a bit confused by it all. How can they be so different?
I wonder why TV has done that before the rollover date?
So I actually had that right. Got confused by the roll over business.On the way up, key levels are hit and respected. On the way down, the price tends to avoid these same levels, both above and below. It's the avoidance that causes the contraction in volatility... I think.
So ES may need to go up a bit and grab some liquidity tonight, but if it does it will try to avoid 4000. Might get to say 3995 then start back down.
I used to get into shorts when momentum slowed and you could see the high volume absorption by sellers, but there's normally much lower risk entries 2 or 3 days later, after the initial sharp drop.
Kablamo! It took out 4003. So with my system (which may be wrong), going through 4003 means the bear phase is finished. So if the price drops with the CPI, I'll use it to buy.ES appears strong, but unless it breaks 4000 (specifically, 4003!), I think a big red day is coming.
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