Welcome to NexusFi: the best trading community on the planet, with over 150,000 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 -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Death-cat-bounce about 20 points in overnight for last FOMC Day; watch out for the low but "anything goes" so don't trade at/during news.
Possible new lows?
@2490 Prior unFillGap from SEP 11th 2017
@2475 AB=CD 2947-2600 = 2825-2475
@2465 AB=CD 2825-2571 = 2677-2465
1. preFOMC trade 10M Chart i1TickSavedL2533 reTesting YHigh--taking Profit before announcement.
2. postFOMC trade 4M Chart iChaseS2559 #beABC2T??? Algos Sell Program in play, no bouce @3pmET but will take Profit at EOD.
Yep, 100 points range "wild swing" on WED FOMC Day!
Shaking-out intraday trades on both sides in nano second at the rate announcement...
The higher Short S2589 that hit T2487 (algos program selling) …
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Can you help answer these questions from other members on NexusFi?
Only four trades but feeling exhausted with three counter long trades today.
1. 10M Chart @4amET.iScalpL2495 #2489YLow 2hwbS2533 #2528PVT+ 2532SMA200 -- taking Profit, likely not hit target before NYSE Open.
2. 4M Chart @10amET.iScalpL2490#reTested2489YLow=revNextmmS2505T127%2485!hit
3. T45K Chart @10:15amET.iScalpL2488.25 beCypher.ptC2ptD!hit=failedBO#VAL2515 -- taking Profit, if @2500 devPOC not holding up.
4. T45K Chart @10:40amET.iSwingS2510#beABC2T162%2476!hit=reTestedONLow
Whipsaw on both sides as Algos Programs Buy & Sell were fighting each other in afternoon:
@2pmET Buy
@3pmET Sell
@4pmET Buy
Therefore, pretty much stayed out the way.
240M Chart with RSI=30 which was not extreme over sold but holding up, divergence not yet confirm.
More than 3M Daily Volume... Rollover process should be over soon.
Old cDecember contracts would be expired tomorrow at 9:30amET NYSE Open, shouldn't Bears taken profits by now?
Nope, not this Bear--not yet; but should be taking Long position to hedge SwingShort near 2441 low that hit multi-targets (see added 60M Chart for SwingS2671).
Listened to PodCast with John Carter who said "Eight years 'Boom vs Bust' and Big moves happend when a lot of peoples are WRONG!"
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#51
12.17-12.21.2018
Here are weekly updated 240M Chart Journal for SwingS2671
1. preFOMC.SwingS2671=DBottom -- Brown targets not hit yet
2. postFOMC.SwingS2671 T141%2484!hit -- but looked like more downside
3. SwingS2671+nmmS2511 T2400 -- that candle was not done and target likely to hit by Sunday Open
What a week, huh? Beyond imagination!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
M#12
As of FRI 12.21.2018
Fear Index 100% with about 17% declined from September 21st @2947 High of Year -- remember last Quarterly Rollover?
Algos Bulls kept grinding higher until October 4th Double Top.
Algos Bears were still on the run so expecting 3% more to make it 20% as normal correction.
It's not IF but WHEN and HOW?
Knowing "Drama Queen" I would not be surprised for Extreme Volatility from this Full Moon to next New Moon cycle with Monthly Non-farm Payroll report on January 4th--perfect timing with two Holidays in between... creating PANIC to buy when no one else around during the holidays, huh?
No FEAR, let's look for potential Targets that could turn into ITP.InflectionTurningPoint with these updated charts:
Weekly Chart #CyanZone&Circle with SMA200 @2342
1440M Chart #RedBeABC T127%2380 and T141%2331 -- still about 100 points away.
P.S.
Glad that I didn't go on two weeks vacation in the Bahamas with my sister's family.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#52
MON 12.24.2018
Bank Holiday in JPY.EUR.NZD.AUD.
Partial US Government Shutdown PPT.Plunge Protection Team meeting with Treasurer NYSE Closing early as follows:
@1:15pmET ES Index
@1:45pmET Energy
There were plenty of setups for a short trading day, took profits on all long positions--especially GapPlay that going nowhere:
1.1 T10K Chart @6pmET.GapDownOpen.iSwingL2402.afterT2400!hit
1.2 4M Chart @6pmET.GapDownOpen.iSwingL2402#nmmS2425T127%2400!hit+GreenBuABC2T127%2436#VAL=TP$T71%2432
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#52
Updated 240M chart as of EOD 12.24.2018 after Monday Christmas' eve early closing @1:15amET
Almost there... awaiting for RSI hit 20 Extreme Over Sold, then Reverse Up... that's a good SIGNAL.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#52
TUE 12.25.2018 Christmas
@6pmET reOpen SlidingDown to newLows
ES 2316.75
CL 42.36
Crude Oil was in-sync with ES eMini 'sliding' down then reversing up at about same time.
Surely creating PANIC to buy when no one else around during the holiday, same dirty trick.
P.S.
Oh no, I missed the lows because of unexpected visitors bringing food for Christmas dinner.
Likely staying up tonight for pullback Long positions.
Was able to get in on pullback SwingL2331
Wider Stop loss below 2316.75 to avoid shake-out if want to keep this as ITP.Swing for long term.
First thing FIRST
Taking profits of all Short positions...
revDly.W52WED.60M SwingS2427@6pmET.XmasReOpenSlide2NewLow=2316.75=TP$
revWly.W52WED.240M rollSwingS2671@6pmET.XmasReOpenSlide2NewLow2316.75=RSI=OS=TP$
Gotta get up and try, try, try...
Enjoy this song from Pink -- Try
The Truth About Love - Live from Los Angeles
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#52
WED 12.26.2018 T3 EOM.EndOfMonth Window Dressing
Crude Oil Inventory Report changed to Friday 11pmET
Bank Holiday in CHF.EUR.GBP.CAD.
Algos Buying all day, more intense even by 3pmET and 3:45pmET near EOD. Biggest Daily Range in history:
ES 161 points Up from 2316.75 to 2477.75 HOD
CL 4.34 points Up from 42.36 to 46.70 HOD