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joshdance
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Everything posted by joshdance
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good catch, did not notice 34.50 being ON high. with time of day and general volume trend, my gut says more down to sideways, but I've been known to be wrong 90% of the time so take that for what it's worth Even if we go up now, we have 37-38 to contend with.
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The volume sure makes it look that way, however, we are now below a heavy POC ledge at 37, and there's a nice little cluster of prior demand down at 32-33.50, may seek out serious buyers there. It's been thrown down twice now, though it is finding support in 35s
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I know, I considered that it might stop at 36.25 (my entry point) and reverse back up, but 36.75 really should have held IMO, and the order flow turned pretty bullish after 38.25 tagged, 38s traded hard but went lower from there... my hope kept me in it longer than my brain should have allowed me to, but it's only a +1.50 or so potential lost, I was willing to sacrifice that for possible +5. At the point of my exit the tape was heavy red, 36 or lower looked inevitable.
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out 36.50 for a tick.. thought about closing and should have after second attempt to break 38.25 failed.. but oh well, better than a loss!
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stop to 36.50 and okay with that decision edit: actually stop 36.25 (BE)
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41... resisting urge to move stop here .. would like to see more follow through but understand sellers will sell
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bought 36.25, stop 35
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No, no trades yet... the grinding makes it a little hard for me to read.
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Then again, we built up a helluva lotta volume in the 37 to 39 range, and we're below that now... so perhaps a retest of the high at 39 and lack of follow through up could be a good short.
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I'm a little late to the game here, but I will consider a long around the IB high at 36.25, depending on what happens there. Still need to hit 41 IMO today.
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Came very close to buying 27 after globex VPOC of 26.50 held beautifully, but hard to buy for me at the moment as it struggles above prior high. But not ready to short either. :doh:
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Well, just took the one trade... thanks for your vote of confidence earlier this morning N, it helped A couple other trade possibilities were there, but not strong enough for me to take.
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When you say it's balancing, is your first reason behind that simply looking at price ranging since 10:30 or so, or you see a cluster of volume from 98 to 02 in the profile, or both? Obviously one can draw the same conclusion looking at both, just looking to pick your brain a little.
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Another triangle just like yesterday... 98 really should hold if we are going up soon
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Stop to 98.25, not going to lose money at this point .. target 1202 or 1205 EDIT: out 1200.75 +2.75 early I have no doubt, 1206 feels very likely
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bought 98, stop 96.75
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ah yes, forgot about those guys. Do you actually watch it, or just realize it's on?
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I missed the boat at 98 for a buy when I had a good opportunity (11:24). Overall negative delta over this rise.. would seem to speak to buyer strength.
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96.25 yday's high... I like the volume so far, but really need to see 96 tested again
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haha, with moving the stop I meant after it's clearly in profit and safe to move.. 99s holding here but I think 1202 might be a little tough to get past this time, will see... if that fails, 97 and 94-95 may be candidates for the next logical buy points.
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Since we just have a potential double top, they may need to explore lower than 99 for buyers so I will pull the order for now. Perhaps 1195 is a good buy.
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I usually set my profit target a little before where I think it will actually go (06.50) to ensure a fill. Aggressive sellers might be shorting 1205 so I wouldn't want to hold out for 1206.50 and get stuck with something less than 1205. Also, I would watch the action and if it decides to break 06.50 strongly, I would move my stop up and see where it goes.
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Here is the premise -- I knew 1200 would be bought but was hoping 99 might be tested.
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1205 -- thoughts? ..........
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Thanks N.. Looking to buy 99 if it makes it down, stop will be close, 97.50
