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wjrusnak

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Everything posted by wjrusnak

  1. I feel lazy even posting this, mainly because I didn't add any levels, but JFW is right in saying that tomorrow should be the same play as today. One thing I have to add is that 1708 may be the level more respected tomorrow and that does seem to be how it's playing out tonight. Either way, we have to think of 1712-1708 as a zone and see what traders do in that area. As far as low volume goes for tomorrow... forget about it. Pay attention to the market and if its not giving opportunity, don't trade. No big deal. Who knows... it could be a huge day.
  2. I had to have some fun. This goes out to all those pattern traders...
  3. Ditto what JFW said about the 1730-1712 range. It is also good to notice what happened today. We had a fairly decent down trend that was broken when price pushed above 1708 in the afternoon. One would expect buyers to continue with such strength in the next session, hopefully by holding the 1712 area and providing a nice long entry. We could only be so lucky though...
  4. I wouldn't go out and buy it for my current system (running vista), but I would be completely content with getting Win7 on a new PC.
  5. If it makes you feel better, I glance at your charts and my eyes glass over. That market just looks so rough. You are definitely playing on the "difficult" setting. Good luck tonight.
  6. Epiphany: My "10 Range Charts" and "20 Range Charts" are measured in ticks, not points. The 10 Range charts have 2.5 point range bars and 20 Range charts have 5 point bars. Just thought I'd clear that up with everyone, since I just realized it myself. :doh:
  7. I have a mess of levels marked here, but some are more bold than others based upon what I feel traders will like more (this could mean nothing in the end). We easily broke up today as I anticipated, and I was scolded in chat by some guru guy for not taking the long at 82. Anyway, we seem to be hanging in this 1712-1690 range. If buyers are serious, I could see us moving up to make another shot at the 1730-1713 range. Maybe this will happen before open and a long off 1712 or 1708 will be the grand move for the day. On the other hand, that same level may provide some nice R to put on a short. Only price action will tell....
  8. Week 7 of P90X right now. I got a dramatic increase in my pull up count and back strength. After 23 years, I can finally see my abs well enough to call a six pack (especially in the morning) Most important, the cardio is supreme in this program. If you aren't in shape, it will at least do that for you.
  9. Remember the boxed off range that I had on my chart yesterday? Well it's back. 1675 did indeed become a mid point yet again. For simplicity I have extended the box from last night to show the 70-80 range. Not too much of a game changer for tomorrow, but we may be heading higher. Fortunately that is no issue since we are very familiar with those higher ranges.
  10. I do not. I only have volume on my time chart, which above is 1m, but I actually use 25 second bars (don't ask why 25s... I put it in one day and it seemed to look like a nice number). I simply use . Also, just click the picture above your entry. I will PM you later tonight.
  11. Sometimes a guy needs to brag a little when his strategy works very well: Refer to my chart from last night to see that I had 1660 as a lower extreme. As you can see, this was a test of the low (1658) on the 1m chart and it even had lower volume (typical Wyckoff reversal -- notice the volume right under my blue entry arrow). Below is the 1 tick chart to show you the price action on the test. In circles are the higher lows. Know that I placed my buy stop at 1661 when I saw those. The exit was a matter of trailing the swings and using demand lines as further guidance. This was probably the most relaxing trade I've had in a long time.
  12. I found that the push to 1650 that occurred on Friday was met with increased buying pressure at the midpoint of older range, which is boxed in red on the far left of the chart below. More recently, one can see that 1675 was met with selling pressure at the mid point of another range, which is boxed in red on the right of the chart below. Judging by this action, it seems unclear of the specific range, as ziebarf had mentioned. What we do know is the fact that traders are liking 1667 and have held a range about it for the majority of Friday and tonight. With that knowledge one could find the above extremes to be 1675, 1680, or back to 1690, while the lower extremes would be 1660 and 1650. If say the tough selling continued tomorrow morning, we would be looking to 1630.
  13. Good thing we prepared for the lower levels yesterday It seems like the new range would be 1690 to 1665, although 1680 seems to be providing some decent R. A long off 65 could be very possible, but who knows where we will be at open. I would assume that we should be seeing some buyers coming in soon, but they already failed miserably at 1730, so who knows...
  14. Basically we are dealing with the same levels over and over, but tomorrow I want to zoom out to a 20 range chart to get some lower levels. We have to be prepared for such a move below. Zooming back in, we find that price has done some strange things overnight. Again... 25 seems to be important. Also, we have a sort of cluster f%$# of levels. I suppose the trick here is to watch price like a hawk and figure out which area buyers or sellers like the most. Hopefully we can expect tomorrow will be another session of movement.
  15. HSI is a whack job of a market! In any case, what I can tell from your "big zone" is that I would be calling it a range comprised of an S and R. Calling it a zone seems way to loose. You can see the one S/R that I call a zone below, which is a midpoint of a larger range. I found what HSENG data I could and got my levels from a 15m chart. Ultimately I think we came up with very similar levels. Look below to see what I came up with. In any case, I cannot believe how much more difficult it is to label this market as compared to the NQ Good luck to your trading it!
  16. Just for kicks... I wanted to display how much potential exists with trading levels. Note that all levels were drawn prior to open (refer to the last post). The blue box contains today's movement. Get one set up... just one: Maybe a double top or a double bottom on a small-scale time-frame and just imagine your success at these predefined levels.
  17. This is what I keep seeing when I try to load the application. It freezes at this screen.
  18. In that case... copy & paste for tomorrow's levels. I did have to include 1708 since it seemed to be of importance. Also 1720ish seems to be the mid point for this upper range (back to 1730 and 1713 again!).
  19. I zoomed out a little more for these levels, which intentionally should amplify the more important ones. I would think that the buyers want to stay above 1690, otherwise we're headed straight into a lower range The last time we were in this area, we basically "blew" through it (refer to prior than 9/17); our only reaction was at 1700 A long at 1690 could very well be a nice set up (but we could wake up and be at 1730 already )
  20. Attempting to post earlier in the evening... so much can change overnight though 41 worked well enough for one weak short but later in the day provided major S for some serious longs during FOMC (too bad I quit at 11 ) the NQ launched higher to make a new high then crashed completely out of this new range (41 being the bottom) all the way down through the next range (41 to 25) into the middle of the previous range (30 & 13) In any case we ended up in the middle of a range... Tomorrow I am looking at 30 (which actually might end up being 34 depending on how late the sellers want to wait to sell...), 41, 20, and 13. The remaining lines do not look as important as these areas
  21. Yesterday, 30 was a mid point; now it seems to have created S for a smaller "inner range" The new range may end up being between 41 & 25, but that needs confirmed by a test of 41 It can be noted that price never exceeded 36 during RTH Hopefully, tomorrow, people don't agree as much as they did today (i.e. 4-5 point ranges)
  22. 30 became a mid point for a smaller range (34 & 25) I switched my colors (again)... this is easier on the eye I hope.
  23. Please do not forget that "this morning" was actually last night at 1:00 am est. At 9:00 am est, when I make my "adjustments" I noted that 20 would seemed like an extreme (as compared to 6-7). With that break down overnight, the market looked weak to me, so a short at 20, after moving nearly 15 points from the over night lows, was not at all against my plan. I actually noted this in chat. DbPhoenix then clarified that the move down to 6-7 looked nothing more than a "poke". In any case, and we did not know until later in the day that I was actually shorting the middle of 13 and 30. Had it went to retest the overnight lows, my short was completely justified. The second short was a retest of the first, which again seemed reasonable to me. The long was on the other hand, was not at an "extreme" in my opinion as it did not even make a run to test the overnight lows. With the previous strength, as indicated by the bullishness of the mornings move, I anticipated the buyers and with good reason. Notice the line marked a little above 14. Friday, overnight, and this morning proved that ~14 was very important. This was the reason I was in before you and TOG. Notice the congestion right before the dip. Those tests were my signal and I had a tight stop. I think we may have different ideas of the "extremes" in this case and mine is probably the one that is unconventional. Never the less, I have improvements to make. The problem with S/R seems to be the approximations made by traders (13...14.. ish?) and it's obvious that price will many times push the limit to "shake out" those tight riders such as myself.
  24. Really, it was that obvious again...sort of. I ended up throwing two failed shorts on at 20 (one stop and one break-even) in addition to a mess up (my fault) with chart trader, which cost me and extra -1. My long at the 13 level was also stopped for -1.5, which sadly could have been the best trade all day. Looking back, 20 was important, but may not have been that important. I considered it an extreme as compared to 6-7, but in the end it was shorting the middle of 13-30. The point here is that 13 and 30 remained the range with exception of the "pokes" at 6-7 and 34. I know that three of us in chat went long around 13, yet only one of us had an exit at 30 for profit (congrats firewalker). That occurrence is very significant and can display that one may know where price is going, but his/her entry/exit system can be the final determinant in whether he/she profits or not (this is definitely a recurring theme). To avoid turning this into my personal journal, please add input, criticism, or your levels, especially if they differ (fellow S/R traders).
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