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Yah you bet had I been sitting here I'd of been all on that. Whish I had been. Unfortunately I had gone to have blood drawn at my doctors because my "liver ezymes" where a little high, for a medicine I take. But ya, I saw that when I came back. Get em next time.
Can you help answer these questions from other members on NexusFi?
Wonderful things happen with price at or near supply and demand zones. Just wait for price to go there and make your move there, everything else in between is noise.
I've seen this so many times. Up till about an hour ago I thought this was going to open "up" in the morning. But I think it will test that trend line. Of course anything could happen, but something to hold in the back of my head as a possibility. See tomorrow. Falling as I type this. Over night got up as high as 85.60 from the close of Friday which was 84.03 pretty big. Anyways see tomorrow.
Hey their, I was wondering what you thought about the picture I have below. I was going to email you this, but I think your getting alot of people emailing you. I dont want to be a bother. So just whenever, even if it's tomorrow or the next, let me know what you think about what I've written on the picture below. All the best!
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Sure. Based on what I'm seeing in the composite you have there, it's pretty clear. There have been several attempts to push the market lower to no avail. By doing so, the market has built a solid base at the lower end of the composite distribution that could be very supportive going forward. I guess the key will be where do we open tomorrow (Monday) morning? If we open above and come down to test that strong base, I would be looking for a long however, if we open way above Friday's close and we line up with a resistance area, I'd be interested in taking the short down into that composite's base to see if there are still buyers down there. If so, look to exit my short and look for a potential long up and out of that area.
Anyway, not trading/investment advice by any means but just some of my own thoughts. Also, these are just broad ideas and would bring them down into intra-day price areas to lean off of to establish a position. As always, follow your own rules and risk parameters. I offer these thoughts to help you in your visual of the market with the hope that you can develop something with your own preferences.
Yah ok thanks for the thoughts. I understand, I'm using my own rules and pulling the trigger based on what I think. I've just been so unsure about how exactly to use this. So you have helped make that more clear, thanks
Man this has gone way further than I thought it would. Way further.
Thats a picture of the over night session. I thought today "if" it went down, it would hit that first trendline their. But just got up and it's already down at that second one. Its done alot of work in the over night session.
So this thing did of course the exact opposite of what I thought it would today. Sold of huge over night session. So ok I wanted to go long when it did open up. So all my trades where in that direction. Mainly because the daily lowest swing low, was right their. When it did get their, no sellers. Also the VPOC didn't move to the low, could go back to it, which it did.
First chart shows my trades. Second and third chart show what price did before it moved up. Moved down, and VPOC didn't go dow with it. Then price moved back up to VPOC. Money...lol. So that's good. I'm glad I did what I was supposed to do, done good.
Check this out, this is great.... Price went up, VPOC didn't change, then price came back to VPOC. That's good...thats great...Well it's not their yet, and looks like VPOC is starting to change, I see it getting more red just above where it currently is. It's also right on the IB High "Yellow line". But good enough to make money with...
I'm thinking and of course this depends on where it opens, but if it opens where it is, I'd look to the gap that's up and the naked VPOC just above it as a target. Right now it's at 82.91. If it gaps down, I'll look for buyers, and any sign of it to get long. I think long is right. But we just have to wait and see if the market does that or not.