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In the o/n session we had 1340.75 rising to 1349.25 (2-1 sequence), and then in pre the high taken out with 1352.75 @ 7:30 spike. So yest ETH high 1348.25 has been taken out by 4.5 pts. In not sure of the TTT sequence but with yest as a Sell day that gives today as sell short day. If so that gives us finishing the day towards the low end of the day but close to or slightly above yesterday low of 1338.25.
The 3d ma of range is 10 and with H1350.25 at 8:33 L1340.25.
We are down to 1341.25 at 9:43CT (now).
This could be a LE timing.
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peace, love and joy to you
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Can you help answer these questions from other members on NexusFi?
I noticed this this morning. I had drawn parallel lines on the 30 min chart.
This morning, as I was gathering my morning data, I noticed that the price had bounced off the lower line. Had I known this would happen - it would have given a nice target for the ES drop.
ES RTH highs Mon- thurs: 1345.75, 1345.75, 1347.50, 1351.25
I wasn't up til 4:32PT (6:32CT) so I was rushed gathering opening numbers and missed selling 8:32 H 1350.
I had Dir 30 as down to 1243. The first direction was down and to 1242.75 @ 9:45. Then we went back up to 1350.50 @ 13:41 the HOD.
FE=LE this was correct.
Today was also an exact reply of last Thursday, 9 Feb. The market made a "V" day in RTH. It opened high, when lower and then returned to its opening levels.
I had estimated 1338 and 1350 for a 11.50 range.
The low was 1342.75 so I was 4.75 too high. The high was 1350.50 so 1350 was fine.
(tomorrow may be a replay of last Friday a downday and Sellshort.)
I had Dir 30 down to 1340.25. First move was down. - so correct.
I had LE estimated at 1338.75. LE was 1337.75. - so correct.
I had rng est at 11pts. Range ws 10.25 - so correct.
I felt pleased with the estimates for today.
Very tired today. Slept a lot.
Important resistance of 1352 was broken. FOMC seemed to be the nail in the coffin.
The uprend isn't broken yet. We really need a close < 1329.
Thursday 16 Feb 2012
Notes made before open:
dir30 = "up to 1344"
FE=LE?
Estimated high = 1347.75
Estimated low = 1337.50 est range 10.25
Actual open
Open: 1341.25
Notes at 9:00am:
low=1338.50 (actually 1338.25 but that's NT charting for you! or perhaps IB jury-rigging at EOD)
so low could be in place
1338.50+9.25-1.5=1346.25
1338.5+9.25=1347.75
Summary after the close:
actual:
High: 1357.25
Low: 1338.50
So with dir 30 we have up to at least 1344 and FE=LE means that the LOD will be first.
So it opens at 1341.25 and after a little head fake falls to 1338.25 @ 8:56. I was alert enough to reconize this could be the LOD as the estimate was for the low to be first and for it to be about 1337.50 +1.50 or - 1.50 so LZ=1336 to 1339
and 1338.25 is in the LZ.
At this point I should be buying.
Wednesday's range was 15.75 so no idea where I got such a low range estimate, but if I had of bought then this wouldn't matter. I would have bailed too early at 1347.75 or if I used the indicators hung in there.
Reality was that I just took a nap at 10am til close.
Once again my SMA35 rule for trend would have kept me on the right side of the trade - If I used it.
And as this was a "Buy Day" in the TTT sequence we expected a low first and then rising up.
Wednesday 22 Feb 2012
Two years ago I was very, very sick due to family stress (and the apt heat being off) and Caught a virus. I had to sleep for more than a month. After that I went back to 12hr days but it didn't allow me to totally recover. This year at New Years I made some resolutions: If I was tired sleep and to go for a daily walk. These resolutions cut into my time available for work. Today I was very tired and couldn't get up with the alarm at 3:30am PT (no wonder having been to bed at ~11:50pm!) and slept most of today.
Accomplishments for today:
1. Started on the restoration of my spreadsheets on my XP computer. Data hole from 21 Nov 2011.
2. Got sunrise/sunset times
3. Tried something new with Andrews Pitchfork and the pre numbers -still experimental.
4. Improved MOVA H/L estimate in dailydata spreadsheet.
To do tomorrow:
Check if ninja7 on XP allows copying of data box
The range estimate for today was 9.50 (going +1 to the 3day MA of 8.50)
The actual range was 7.25 (shouda gone -1 hah, hah)