E-Mini SP 500

Apr 23, 2006
27
0
11
Jamaica, New York
#46
I look at:

1) 60 minute trend
2) overall direction of MA's
3) MA's crosses and violations
4) whether price is above or below open
5) whether price is above or below yesterdays high or low
6) whether price is above weekly high or low

OK

1. bullish
2. bullish
3,no major crosses on MAs
4. above
5. no
6. yes

Now how do I decode all this? Or what are the answers for a setup that is worth the risk.
 

Xymox

Active member
Sep 25, 2007
834
10
28
Virgin Islands
#47
I look at:

1) 60 minute trend
2) overall direction of MA's
3) MA's crosses and violations
4) whether price is above or below open
5) whether price is above or below yesterdays high or low
6) whether price is above weekly high or low

OK

1. bullish
2. bullish
3,no major crosses on MAs
4. above
5. no
6. yes

Now how do I decode all this? Or what are the answers for a setup that is worth the risk.
I generally take this survey around 1:30 EST USA time. Plus there needs to be energy or momentum in the price for that session. If its a quiet day, it can be a mean reverting day and if its a volatile day, usually breakouts tend to take place. Today just seems like a quiet day. The MM's are working price up into upper zones before next weeks nonfarm payrolls. I think we will see Dow 14K before we start heading down again. Path of least resistance is still up.
 

Xymox

Active member
Sep 25, 2007
834
10
28
Virgin Islands
#55
How long did it take you to finally become profitable?


What do you know ES just touched 80MA on my chart.

5-7 years, started late 80's, was daytrading equities using FNN signal, even before daytrading term became common verbiage in trading realm.