Dow 2006

[Bez]

Remember this INDU chart of the possible W4...

I be careful of the mischief mark down accumulation phase before the Black friday results come in :?:

The W4 count is "pete tong" just below the 12200 level.

 

[FetteredChinos]

morning all guys...

looks like im the only one trying a long from here..

long 12270..

if we get back to 12,300, then that is a classic Oops buy signal.

reckon this is an obvious bear trap, personally.. shorts beware.

fc

 

[Hook Shot]

This morning dip is a bit of mischief until proven otherwise.......... no picnic likely for teddy bears... be thankful for what you've(we've) had in European sesh. Would love to be proven wrong though

 

[FetteredChinos]

I reckon the FTSE might well have a stab at closing positive for the day...

might be worth a binary..

 

[andycan]

Remember this INDU chart of the possible W4...

I be careful of the mischief mark down accumulation phase before the Black friday results come in :?:

The W4 count is "pete tong" just below the 12200 level.

Bez

all i see is an ABC on your time frame
the larger time frame has priority
this is the 5th of a 5th if that makes sense
it could be a fake out as it stands, maybe even test the high but today unlikely
but what do i know

 

[Hook Shot]

Bounce starts very soon as we enter 0315p timezone ......... at least that's what usually happens!!

 

[Hook Shot]

I reckon the FTSE might well have a stab at closing positive for the day...

might be worth a binary..

Yep got a nice slice of that soooo cheap!
Cheers FC

 

[Bez]

Stick a chart up andy if you get chance so I can see what you mean ??

The ES is very techical market today opening in on its last Alternate correction ..

A good example on not to sell a gap open into techincal support

 

[Bez]

Andy this is my favored higher degree count....

Also I'd be a little surprised if the Medium delta time frame turn point has come in this early....?

 

[Bez]

May as well stick the YM up as well

Another Classic example on how to trade a Gap open into dynamic technical support as FC & Hook shot did ))

 

[andycan]

we will have to see what happens Bez

 

[Hook Shot]

Cheers Bez........ I took the long Dax alternative cos of points potential......... so maybe I took the wrong turn ?

 

[Bez]

I agree andy i'll go either way

I don't take a fixed view, I just go with what the odds favour, at the the moment the odds on my barmy stuff lean to more up side than down based pattern and Delta. I have a clear lines in the sand that shout out if i'm pete tong or a turns come in early...

I only do higher frame stuff for a little gray matter exercise, as I'm just a simple day trader

Still would like to see a chart of what your seeing though if you get chance....

 

[Hook Shot]

What 's the odds that Mr Can is short es here ????? Am I reading you Mr Can .?

Oh dear Andy's gone

 

[andycan]

Stick a chart up andy if you get chance so I can see what you mean ??

The ES is very techical market today opening in on its last Alternate correction ..

A good example on not to sell a gap open into techincal support

missed this post
yes i sold before the open so caught most of the move down
looking for an entry to short will try a small short here at 1407
stop 1409.75 and see what happens

 

[andycan]

What 's the odds that Mr Can is short es here ????? Am I reading you Mr Can .?

Oh dear Andy's gone

you too sharp!!

 

[Bez]

looking for an entry to short will try a small short here at 1407
stop 1409.75 and see what happens

Gap with a 61.8% should yield a few checky scalp ticks

 

[andycan]

reason for the short here
abc down on the day session 1:1.272 it retraced to 0.707 of the b high
a few other reasons but tough to explain

5 min chart

 

[Hook Shot]

you too sharp!!

When I'm as sharp as you I'll have reason to celebrate.... When we're as sharp as RACER well one step at a time

 

[andycan]

incidently wrong thread but bonds (ZB) i have been long for a while
such a nice market to trade