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This thread is for people to post things like:
support resistance levels for the next week,
levels they feel might be key the next day ,
levels they feel might be key the day ahead,
what tomorrow trend might be,
up
down
inflection (ie change in direction during the day)
if the first end of the day will be the low end, the middle or the high end,
and other things that they feel could help others
Please don't post charts with a bunch of lines on it no annotations and assume we all know what you mean. There is no bonus points in posting it could could go up down sideways. Make a decision and put yourself out there.
We all know there are lots of possibilities - grab some courage and make your call.
Have fun but no making fun (of others). No intimidation,
No pontification - be clear keep your language clear.
No doctoral thesis please.
Newbies feel free to post -your thoughts are as good as the old foggies
..........
peace, love and joy to you
.........
Can you help answer these questions from other members on NexusFi?
Something I've been working with.
I hope it helps
-you can fill it in as the week goes along.
Note for last week's numbers across the top: my o/n session only goes to 7:30 am CT not 8:30 so if there was a higher high or low in the 7:30 to 8:30 time slot it doesn't show in the pic.
Here's the idea I'm working with guiding my choices:
They put a double top in place with Wed and Thursdays RTH highs in 1770-1771.50 area.
(I would have felt better if they hit 1776 instead of 1774.50 on Thursday o/n high)
Now to start down.
But I think Monday will be a choppy up and down day echoing the bull-bear fight of Thursday Friday.
I change stuff in the o/n session but below I've put estimates on the grid and boxed the favs for H and low.
The chart is just to show what I was looking at at posting time (ie a drift from Friday high to 1763 area.
Tiger trader - the spoo-analysi thread starter said :
"From the "No shit, Sherlock!" File
....illustrates that the prediction game
may be an interesting intellectual pursuit,
but, is in no way a pragmatic way to trade."
............
from which I understood estimation was not respected or in keeping with his thread.
He received numerous thanks for the post so it seem
that the spoo - thread followers agreed.
I would like to respect the wishes of the thread starter
Rather than a place where estimation is derided this is for estimation
Here's the intraday snapshot
the arrows are to label the areas and do not mean that the energy is down (it is undecided and flat)
The o/n was 1768.75 and 1762.75 with a midpoint of 65.75 and the open 66.25.
The o/n range towards the higher part of Friday so the energy was up at opening.
I felt the high end was too high and so the range would be less - in keeping with a choppy day.
The intraday shows that the low 1764 is ~= to the auto of 1763 giving the low should be in place.
if we estimate the rng at 10pts then 1764+10-1.5= 1772.50 to 1774 for the high.
In terms of the 1/16 grid chart that would be "high" to "High+1/16"
so much depends upon the o/n.
I'm thinking a break is coming soon
last Tuesday was low stop1 so I've increased the range to 14.25 and subtracted that from the estimated high in the 67 area.