Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Thoughts
h of big balance below us is a good signpost
Any change to the downside needs to find acceptabnce below
For now sellers were not even able to close the first gap of two
News
palantir down 6% after earnings
1000 jolts job numbers
1200 wh press briefing
Condition 1
breakout of 5 day balance
Condition 0
huge gap down
oni 100% short
opening in lower third, but not at bottom of onr
Thoughts
We have a fresh change (potential negative)
We open at the top of a big 6w balance (potential support)
Oni 100% short (potential for covering)
see what is
combine it with milestones
expect high vola and chop
take profits
control your size
Captured the early covering nicely with good exits
Normally i do not go for a second move in covering but i liked how it behaved at vwap (did not work)
My main feeleing was that sellers should be stronger. This regularly puts me into problems when we have defensive sellers controlling the day
Condition 1
we succesfully broke out of the 6 day balance
we have problems entering the bigger balance area
Condition 0
eth tested lower but opens back in range
Thoughts
yesterdays rth low is poor
in theory we see some backing away and later repair
an eth thats tests lower and gets rejected is often (short term) bullish
y belly h can be a good signpost
My take on today proceedings, but we did cover that nasty Gap-Up from 27 of October which puts some things in order and may be conductive for further leg up in due time as no serious unfinished business left.
Tuesday... looks like a Christmas Tree profile pattern on ES and a 45deg on NQ. Attempt lower in early Asian was quickly reversed. And the PMI's just after the Open hit the go button for the early drive
The gap on the 27th, I put down to excitement on the Monday of FED and tech earnings week. There's also a gap on the 24th due to the CPI earnings
tested below the poor low and made an excess
consequently they covered
i thought twice that this could develop into a trend day with new money longs
Fortunately i took my money from the table when trump started
Generally i leave much money on the table because i think today is the trendday
But trenddays are very seldom
Take your money and go home
Condtion 1
??
yesterday outside bar up poc in upper balance
but weak close and eth
Yesterday looked like the low could be in but for now this has changed
Condition 0
open near y mid
Thoughts
If this does not run up fast my bullish bias is gone
wait calmly what develops
