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forrestang
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Everything posted by forrestang
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Thoughts for tomorrow: Levels on the chart are shown, along with the ranges I see relevant. Also highlighting the 1930 and the 1940 area just in case. Not also the 1914 level, this just happens to be a prior rth POC and rth low/midpoint of that one boxy area shown. By open it may be gone and used but as of now might come into play?
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RECAP OF TODAY: Shown are the two major levels that the market used for most of the day, particularly how they were used in the first two hours. Some nice opportunity there. FOR TOMORROW: My intraday data for SC is rather lacking, so I am using a daily chart, similar to the manner in which I pulled 1910 and 1920.... so needless to say I only have the 1940-44 area above where we currently are. Things will become clearer if/when we start to hammer out a more defined range up here. NOTE: Even though I can't seem to see it on the daily chart, I wouldn't be surprised if 1930 comes into play, given that it seems the NQ finds areas on multiples of 10 lately....at least it seems that way? Everything else on the chart will remain the same as it is now.
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Market activity today shown (in green square), along with the levels posted yesterday. For tomorrow, I am not making any changes as of now.
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Funny exchange from Chat today:
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Recap of what happened today: Shown below is the chart of the activity as it happened today, all of the levels on the chart where there prior to the open, as discussed the night prior. Nonetheless, I didn't see any trade opportunities today, except maybe the long after the market open if one caught it. Note mainly that I am only looking to initiate within the first 2 hours or so. For Tomorrow: I am keeping the levels as shown on the chart as they are now (as long as nothing drastic happens overnight). With the addition of the level annotated on the chart that I think is worth paying attention to.
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That above mentioned range is shown on the green rectangle, and could possibly come into play tomorrow. That level @ 1890 just happens to coincide with this midpoint. Not shown in the picture are also possible areas of interest at 1900,1910 and 1920.
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Seems there wasn't much to trade today. Follow along..... Shown is the activity today, accompanied by PA on the 5sec chart. Price opened up today, rapidly moving through the "Areas of Interest" I identified last night. Price then created a new range today(purple square). I was looking for an entry at point 1, as there was a bit of climactic action, but there was never a retest after this. Points 2-5, nothing climactic seemed to appear while looking for trades at this range. Point 6 did have my ears up as price approached the lower edge of the new range created about, but during time of day (looking to initiate within first 90 minutes), I let it pass. There was a slightly climactic expansion of both volume and price at point 6, and a TD. I was looking for more of a test of that low point, and PA put in that HL. So the entry didn't happen for me.
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Thoughts for tomorrow based on where price is currently, a bit under 10 hours before U.S. Open. We are currently in between a range from 1890-1882 or so. Below that is 1882-1868, in which the midpoint where price has stalled several times in the past may come into play. There is also a potential for resistance to come into play in that small range above.
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A concept for all you Porsche fans out there. [ame=http://www.youtube.com/watch?v=eKsSpxyjdYk&feature=sub]YouTube - 2010 Geneva: Porsche 918 Spyder Concept Featurette[/ame]
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Thoughts for 5 March 2010.
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So you are saying that if you have a virgin that was created with the RTH data.... and then if that level is penetrated overnight, you don't look at it anymore?
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Question: If you are picking virgin POCs off that come from RTH, and one of them is penetrated over night for example, is that POC still valid and virgin?
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Here is an example of what I'd consider a "virgin exploration" if you will of a prior Trend Channel Line. I don't know what you'd call it after it was pierced to the upside, but the first touch was the virgin is shown on the chart.
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Pretty cool shoot out between the ZR1s' Supercharged V-Eazy and the newer R8 with the V-Teezy. [ame=http://www.youtube.com/watch?v=cVYWDmRSdlg]YouTube - Top Gear - Corvette ZR1 vs R8 V10 (HD)[/ame]
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Greed is Good....The new Wall Street Flick.
forrestang replied to forrestang's topic in General Discussion
I just watched the original again, and it was nice to see again now that I have some idea of what was going on in the movie. Particularly the first scene when Gekko started "ACCUMULATING" that airline prior to it breaking out. The way they depicted all the subsequent buying was rather interesting. -
Greed is Good....The new Wall Street Flick.
forrestang replied to forrestang's topic in General Discussion
I agree....so far with the previews of the new movie, I'm not very optimistic about this movie living up to the first one. -
What Version Are You on for Your Trading Strategy / Plan
forrestang replied to rxs0005's topic in General Trading
I'm on V 14.8 This iteration is completely different than the first. -
Its been in the making for a long time.... but if there are any fans of the original. http://trailers.apple.com/trailers/fox/wallstreetmoneyneversleeps/ I haven't seen that movie since I was a kid, but for some reason I have really fond memories. Here's a clip from the original [ame=http://www.youtube.com/watch?v=7upG01-XWbY]YouTube- Gordon Gekko "Greed is Good"[/ame]
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Didn't that 6E pan out the way you wanted?
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I just love the lines on this thing. Looks like the put the steering wheel on the wrong side... minor defect though
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Yeah, it would take some getting used to. At first look though, it hasn't grown on me at all... ugh
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^^^^I agree, I'd just opt for the standard 6speed manual if I were getting one.
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It's weird you mention this one.... as I have just recently developed a thing for this car. I now have various pictures of this car as my background image on my desktop. It seems like an awesome machine.... I don't know about that newer transmission in them though.
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Dinero, your thread is being hijacked right now!!! I don't have a protege.... but my current daily driver is a 2006 MazdaSpeed6 purchased new a few years ago. I purposefully purchased this car because I just wanted something decent, that didn't have tons of upgrade potential that was semi-sporty. Well....shortly after buying it, I replaced the factory turbo with a GT3071R, catless DownPipe and mid pipe. EMS w/boost controller and a front mounted intercooler. I just couldn't help myself. I got it dynoed and did my own tuning and squoze out 326hp to 4 wheels(This dyno was prior to my new intercooler). So that's about 385hp or so at the crank. It was factory rated at 274hp at the crank....and others where seeing about 230 or so at the tires. A few months ago though, I put the stock turbo and exhaust on.... so now it only has the intercooler, engine management and intake on it. Still has some other goodies like short throw shifter and lowering springs, but is basically just a daily driver still.
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The micros are not anywhere near as liquid as their mini-future counterparts.