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There is no major event scheduled beside WED FOMC Minutes @2pmET...but FED Powell speaks 3 out of 5 days.
In addition, the 'time out' has coming to an end... as China marks the 70th anniversary of the founding of …
Enjoy the song "The Gambler" (with Lyrics) - Kenny Rogers
Week#41
2019 10/09 WED.CD3
FOMC Minutes
Yoyo Market or Pro-trader's Dream for Extreme Volatility with wild-swing in nano-second?
Hmmm, it's more like "Anything Goes"!
Four …
Week#44
2019 10/30 WED.CD1 FOMC Day -- possible 3rd and last .25% Rate cut of the year
"TCB" Updates for the month of October preFOMC Day:
From last Weekly and Monthly Trade Plan...
Kept rollSwing2L2858 because of RTH 1440M for lack of sellers and RSI divergence.
Kept hedgeS3020 until Thusday closing after FOMC Minutes on Wednesday 10/09/2019 with potential of 240M FibsInversionUp of previous ABC triangle.
It's time to take profit for 1/2 of rollSwing positions and leave the "General" as Runner for T3100ish, but don't forget to hedgeS3046-3040 zone--just in case getting "Bears attack" after FOMC and/or NFP on Friday.
"TCB" Updates for the month of October postFOMC Day:
(see pinkFibsInversionUp 240M add.iChaseL2938 with TrailStop@3018 for blueABC triangle T162%3050!hit.EOD)
What is holding up @3023.25 as LOD? Umm, it's late... bedtime... so will reveal in the morning.
Short version:
Aha, @3023.25 LOD was holding up as Sunday's Low retested.
Tuesday, the Bulls' intention were to hold 3029.50 August's priorHigh for T3048-3051-3055 and Option Players wanted T3065
Drama Queen finally hit T3055 at EOD after teasing and chopping to piece on FOMC Day!
Long version:
Umm, it's very looong... so wait for next Journal Series: 1Shot2Kill:AnythingGoes!
Watch out for "Bears attack" at EOM=Profit Taking before Friday NFP
Don't forget and get run-over at a blink of an eye!
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
It's T3100ish hit as '1EyeShut' trade @Daily R2!
Be careful... there is no "Trump tweets" but he will be speaking today at noon EST
A speech to the Economic Club of New York https://www.investing.com/news/economy/trump-threatens-substantially-more-tariffs-if-no-china-deal-2019449
In addition, Full Moon was yesterday... potential CIT.ChangeInTrend otherwise aiming for the extended target(s) even though grinding higher on lower volume until the next Rollover in mid-December... early Santa Rally?
[?]IF break out of >3100 THEN the next IP.InflectionPoints from 240M chart: ABCD200%3147 (100 points up from prior High) and FibsInversionUp T-62%3186.
see FIO posting previously
Long-awaited weekend homework for TIT.TheIntentionalTrade 38%L2970 T3030 is posted, finally.
Updated after 7/26 Friday's Closing:
Slooow Summertime Trading... but grinding up to @3029.50 as HOD at EOD.
Considered TIT.SwingL38%2970 …
Updates:
TIT traded and retested many time since last Friday 11.08.2019 but the "Invisible-hand" lifted it up on WED+THU around 14:00pmET as LTOD.LowTickOfDay with nested patterns for multi targets that hit at EOW.EndOfWeek Friday.
P.S. Having "red-eye" again through-out last week in October and having to take off 4 days from trading... therefore, getting more behind with finishing up this journal series... but still shooting for this Thanksgiving break as a deadline--after busy with this weekend family gathering.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Updated WEEKLY chart after T3100ish hit retesting UTL.Upper Trend Line:
NOV19 There was evidence of SELLING since RTH Open then 3,000 contracts sold @3125 around 11:48amET as ABC triangle@SOC retesting ptBD.
Better to keep roll.hedgeSwingS3131 aiming for 100-200 points down @3030-3020 retest as the first target for cMAR Rollover because:
IF not BO of 3128-3132 THEN it's H&S potential in lower time frame intraday charts... watch for 3pmET reaction and overnight trading for continuing trending down... or NOT.
Updated after closing:
10M + 30 M = CIT broke Next Measured Moves Long
60M 2ndExt[@3055.50-3132.50] TIT.SwingL38-50-61%3103-3094-3085
?T127-141%3153-3164 T162%3180 (needs to hold up 38%L3103 as OpEx LIS for upside T3145 in RTH Thursday and Friday)
TFNN.TWYS 24:25 ?DEC07th from FinancialCyclesWeekly.com - Tim Bost
Note:
AlgoBUY4"BTFD" bought at every VWAP (using amaCurrentMonthVWAP indicator on 60M chart) since beginning of November. It did it again after hitting @3090.75 LOD.
IF break-out again THEN you should know how to avoid being run-over!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
not BO to new High
THEN hold ITP.SwingS3029 (ptA) UNTIL next Q4Rollover in mid-September
Clue#1 broke 62%2992 therefore, kept Runner and added to Short after @3013 SOC held DOWN.
Clue#2 BidUP2SELL@2960 (once support but now resistance) …
Review FIO posted previously for The Topping Top that took 2-3 weeks to form the next bullish ABC triangle for decent pullback to buy again.
W#48
2019.NOV25-29
?TUE New Moon cycle
?WED Option 3050>3115<3145
There were more than five reasons for potential ITP@3145--see updated after closing if can't figure them out, but the first and easiest one was OpEx T3145 that couldn't achieve last week... so Option Players are done early for the holiday week.
It's time to think about TTT.TheToppingTop; however, can't confirm until NYSE Open--see if the Big Boys will be able to retest ONH.OvernightHigh or NOT.
Updated after Closing for the other reasons are: RTH 1440M + 240M purpleUTL.UpperTrendLine touch!
240M Long wick=potential H&S failed = BO2newHigh again
[x]ABCD200%Max3147!WED.ON {2775-.75-2944.25-2810.25} 100 points up from priorHigh
[x]GarFlyT127%3144 {3132.50-3090.75-3114.50}
120M
[x]Bfly70.7%3090T127%3148!WED.ON [3072.50-3132.50]
[x]ABCD200%Max3140 {2063-3097-3072.50}
60M
[x]2ndExtL T-14%3145
[x]2ndExtLong ?T-23%3150!WED.ON
Seasonal holiday week with bullish bias in a way? Was there evidence for algoBUY since 11/22/2019 Friday?
Yep, there was plenty... but... Yo chill! It's very long to post here so wait until the next Journal Series!
If cannot hold down @3150ish for pullback to next 3rdExtLong using [email protected], then aim for the next target from 240M FibsInversionUp T-62%3186.
Happy Thanksgiving!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
1440M RTH
Depending on SUN reOpen, and RTH Open price actions next week...
will likely take the "General" as Runner L2858 off before the next NFP on Friday 12/6 or next cMAR Rollover on Thursday 12/12.
Whichever happens first!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
SHHHT!
Just between us...
"The JOURNEY is always HARD ~ Don't Give Up" ~ Stephen F. Austin
1Shot2Kill4MES2ES.AnythingGoes! The fourth journal series is coming...
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P …
LET’S EAT, SLEEP, and SWING for Anything Goes!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS