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erierambler
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Everything posted by erierambler
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There ya go, now where are we?
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It's not to my own the Bible: Technical analysis of stock trends, by Edwards and Magee discusses extending major TL's . erie
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Why not? It is a major TL. It is not predicting , but anticipating........( yes I pay attention to it) erie
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[quote=firewalker;38895 Analysis in my blog. Just extended your major dtl and circled where traders stepped up to the plate before........ erie
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As of yet we haven't seen much selling pressure on the downside ( volume ). Could this be absence of sellers? Buyers hanging on.......? erie
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Since my chart stays about the same , the only thing I could add is that looking for support around 1380 this morning. erie
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So now we should be at a potential support point according to the distribution on the SP500? erie
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Ok , I put something together for Tuesday ( long weekend I take it ). Top box doesn't mean much except for start of swing down for measurement. erie
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Looking at past charts for the ES, when the cash opened below previous day's range, it was mainly a buying opp, not so for today..........therefore a failed test erie
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Yes but we opened outside of yesterday's range ( below ) erie
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I can't hardly join in because I don't trade this, but will comment on one issue. Shouldn't one have a strategy for a when price is trending and one for when price is in congestion, where identifying s/r would be different for each approach? And then there is when one should sit out because he has no edge? just thinking erie
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Support was right there on the ES, made for a nice trade to the midpoint. erie
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today then should be quite simple, should we open with yesterday's range. On the ES s/r match with your analysis of the ES. 1421 and 1409.
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Yesterday with IE got knocked out many times , couldn't post. Switched to firefox and today it was better , only a few times couldn't post and just waited for a while and then I could post again. erie
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Yes , very nice firewalker erie
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Even then someone else could trade differently using the same ideas as Db or who follows the principles of Wyckoff. I trade the ES. I took a short position at the end of Friday's trade , looking for weakness to present itself this morning with the reasoning that the high of Friday was already a test and the close was a lower high. Should price hold here this morning I will get out quick. So you can't get any more real time than that, for now. I would get back in the trade on the test of the high. I can attest to Db's trading acumen as to what he says he trades as I have been in a trading room with him. erie (who doesn't reveal too much of his trades)
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I think you're right , it wasn't provided to me......hmmm. Doesn't really matter to me though , now I know something new, thanks. erie
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I've never read it, just had the course , and all the graphs have no open on the daily ranges, because ( i thought ) he was teaching for the intermediate term. But one learns something new every day erie
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Could the possible answer be that Wyckoff was not about intra-day trading? erie
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Divergence with new highs , and new lows are increasing in the sectors and small caps and IYY. Volume and adv issues diverging as well. erie
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You could try here: http://stockcharts.com/def/servlet/SC.scan scroll down to see the ones for gaps erie
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Buyers came in , but not as strong in the futures as in the sectors. We are at resistance in the futures. erie
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Not much selling pressure on these charts. Will buyers come in here? (as they have in the past). erie
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Looking here for clues...........like a spider should Although i'm at a remote computer I like days like this good trading all erie
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Looks like a french curve
