Every Trade is Based on A Chart, Moving Average Crossing and pivot points, support, and resistance
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Buena's Dias Amigos
Thanks
Still sideways. Sit and wait...
No Problem
15 Minute MACd on NDX wants to fall. Won;t be able to until the Histrogram candles change and start growing down which under normal situations will not happen until the histrogram reaches center line. or Zero line
Time to watch the paint dry or the grass to grow
Best guess. 1 1/2 hours before anything happens. 15 minute MACD is below centerline and moving up. Down turns on bigger charts. Sideways action between pivot S! until it figures out direction. Up Down yesterday.
Indecisive
The second option is there is a price label on the daily, It could be changing directions to long. But as a short player, until I get full conformation, I sit and wait.
I use the Histrogram candles. When there not all lined up the same way and the market moves opposite what the 15 minute MACD says, that's when I see it. Just experience this in the past
You can call anytime.
Looking at the 3 min thru 4 hour. My histrogram candles state we are either sideways today looking for direction or this is going down again
As far as Support and Resistance goes, I have noticed that they usually move in 2's. That is 2 moves and a retest 1 move back. There are the days that it gets more like yesterday but few and far between.
When yesterdays happen, making money both ways is a rarity but a good day.
Good to talk to you. One Semester, and Real World 40 hours a week or more...
Thanks, Gives me a place to start looking
Yeah... I undertand this, but the moves are not consistant, or I haven't been able to pick up the pattern. It doesn't go S1 R2 P S3 S1 S2 R3, if you get my drift
Have you picked up a pattern
Morning Vegas... Hows the trading plan working out? You still staying on top of the world? Any changes to your technicals
I'm still looking at the thought of having a winter home in Florida. Mind me asking what kind of price tag is on a 2-5 acres with a home
Nlightn. Your last few post have been about Resistance Support and Pivots. This is a very technical advantage to those that understand them . So others know, there are different Pivots, supports and resistances based on which chart.
Example dailys are different than the 2 hour 1 hour 30 minute
and the 15 min and below are different than those above.
The weekly has its own pivot points.
Its when you start combining them that you see stronger support and stronger resistance.
Thank you for pointing the S1 S2 S3 R1 R2 R3 and Pivot points out. This would be a good lesson to teach.
Colorado is kicking my AZZ. Hows your move going
HH22 How you doing D? Hows School?
Give me a call sometime. Lets catch up.
Back in Teaching mode
Morning Nlightn
Nice Thought... So a 2 bedroom Cabin would bring what kind of money for a week?
Expect A Sideways Premium Eating DAY. Indecision in the Market
As the market is in a risen fall, I set j\here and look at the NDX chart and recognize that the sto is on the bottom and the MACD is curling below centerline. This is a false direction. The 15 minute MACD is straight down abd the daily is curling.
Don't get caught up thinking to much. Play the 15 minute when the 15 minute says. When the market is like this. It is important to look at all the MACDs on all charts... 3 minute thru daily. Until the wedge is broken, we do not have a direction
Good Morning Knights
NDX usually will give you that opportunity...
Exactly why I sold and didn't hold over night. would have broken through and held middle, would have stayed
Thanks. Did exactly what I showed you on the 15 min MACD. Go back and study it.
Thank you....
62.5% profit today... Happy. Sold everything
Hopefully see you guys Manana
NDX the BANK is open for Put Business
Sold half at 29.90 from 17.65
Everything tells me to hold on. but then again
A Bird in the Hand = Money in the Pocket
17.65 average to 27.20 as of now. A very good day on 4 of them. Just deciding in the last 30 minutes to sell all, sell 1/2 or ride.
I agree
I expect a 4410 close. or worse on NDX which will even out the Gator Mouth
NDX is WEAK. Its not how it starts the day, its how it end the day. Keep an eye on the daily MACD Histrogram and 15 minute chart MACD
Its a possibility, but remember what I told you. There are plays that are just like NDX, that are moving the same direction, that would be safer plays. People seem to play the market the way the TV and Media sees it.
This was a fake uptick and an Opportunity to get in and BANK.
I disagree. Low Volume and the Alligator Mouth on the Daily MACD says down.
If you notice, it didn't break through the Pivot on the Daily. One move on one day does not change direction. Plus it couldn't break through the 9dma which has become huge resitance. This was just a retest
This falls before end of day
MY Opinion
Bought to order 4 NDX 4375 weekly Puts at an average of 17.65
It breaks and holds, could be long again
4439 on NDX is the 15 minute 200dma. I think that is the top at least for the day. Sideways to down the rest of the day.