Live Trades

Fugazsy

Well-known member
Nov 10, 2014
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#46
I would expect it to drop first to 7253 and then to 7238 (yesterday's high as you mentioned).

I won't trade it though - too annoying pa (maybe it's not the right time to trade it)
Well....you know your levels.......:smart:

on the hourly is making LL's and LH's, two are range bars soon after the pin, 7275 is acting as resistance atm, that is were bulls lost conviction and bears are taking a chance, prices might go back to revisit of 89..... today is Friday, it might not...

Have a great WE.

Fug.
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
#47
Don't normally do this sort of thing but put in an 80-20 sell order on the Dow. Just for a laugh.

(An 80-20 sell is a daytrade, taken a few points above the previous day's high if that day's range opened in its lowest 20% and closed in its highest 20%. The SB quote is already above yesterday's high so order already in. Acknowledgements to Connors & Raschke in Street Smarts).
Nice one Tom, I like that strategy and I use it often, but my own version of it.......

From the same book the Pinball strategy is similar and uses an indicator.

Fug
 
Likes: tomorton

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
123
#48
Well....you know your levels.......:smart:

on the hourly is making LL's and LH's, two are range bars soon after the pin, 7275 is acting as resistance atm, that is were bulls lost conviction and bears are taking a chance, prices might go back to revisit of 89..... today is Friday, it might not...

Have a great WE.

Fug.
Which she did, shorted @ 87 and covered @ 40 as mentioned in my previous post as a possible target:

http://www.trade2win.com/boards/discretionary-trading/209020-live-trades-5.html#post2646012
 

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Fugazsy

Well-known member
Nov 10, 2014
3,661
677
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#55
no one around for a live call? :idea:
 
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