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  roztom said:
Do you mean like if you put a trend line on it then you can't relocate it? Mine is ok if that is what you mean but I only tried it with a new line, not an existing one..

 

No. I mean specifically a horizontal reference line.

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  joshdance said:
Looking to sell anything in the 92-93 area, depending of course on the activity there.

 

It says it wants to be in yesterday's range, but I don't believe it...

 

Have sold 92.25, and will sell 93.00 if reached.

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  joshdance said:
First target 89, second target 85.75 .. hmm too optimistic here.. or maybe totally wrong direction??

 

My plan so far is working. Play the gap fill then short the close area. Needs to roll over soon though if we are to test lower otherwise 1397.50/1400.00 might be on the cards.

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I closed this trade at BE just now... even if it works out to the down side, it was not as planned and I won't risk any more here as I can't see that I would open a short position at this moment, so I'm out BE.

 

EDIT: wow, talk about good timing...

I did not expect the market to be this way today, and I'm thankful that I shorted where I did instead of lower, and while I only took 2 points of heat, it felt like a lot more due to the struggle by the shorts to put up much of a fight so far.

 

 

  TheNegotiator said:
and that's pretty much that on that trade.:\

 

Nice job!

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Rotation: to 94.00 ish area..poossible setups for long continuations... YMMV

 

94.75 & 93.75.. 93.75 the better if it gets there.. IMHO

 

No body should do anything at these levels.. these are just areas of interest..they are not stand alone places to initiate any trade...;

\

BTW: 97.50 is a MNVPOC..just FYI...

Edited by roztom

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nice job with the longs guys -- reversing to long after the failed BE short at 92 would have been ideal, but switching bias quickly is a skill acquired, and I have not acquired it yet, not consistently at least.

 

From a technical perspective, I understand why we are up. Overnight dipped below and came back above support from last week. But fundamentally, the unemployment number was merely in line with expectations. Spanish bond yields continue to rise today, and overnight markets were all very weak.

 

I suppose anticipation is for a better than expected NFP number and perhaps the market is positioning for that. But this market today has me scratching my head a little bit. I suppose that when the market said earlier that it wanted to be in yesterday's range, I should have just said, "ok, you're stupid, but I'll go along with you!" :D

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  joshdance said:
nice job with the longs guys -- reversing to long after the failed BE short at 92 would have been ideal, but switching bias quickly is a skill acquired, and I have not acquired it yet, not consistently at least.

 

I did not post my trades this morning so I am only commenting on levels..got to be fair - right... :missy:

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Long 94.50..; strictly .. a spot in the sand ... as posted the 93.75 is a number to lean on.

 

BTW, not that this matters but I am rebuilding my positon from some earlier scales but also if I had no position on this is where I'd be getting on board for a "poterntial" continuation since there is still plenty of "potential" for the upside targets... IMHO:2c:

 

Edit..If this fails here then 91.25 will be at risk... FOr me I am risking the markets $.. and a little bit of my own so I am ok with the risk...

Edited by roztom

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  roztom said:
Long 94.50..; strictly .. a spot in the sand ...

 

I am also considering a buy here at 94s, not quite convinced yet though, may wait for 93s.

 

The market seems to be going into "easter" mode... nothing objective, it just feels that way for some reason.

 

edit 11:52: these heavy bids in 93s make me wary and think a move down is imminent.. almost double the bids vs. offers

Edited by joshdance

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  joshdance said:
Just sold 95 .... 1/2 normal position

 

Heyyyy..The Green Button - Not the Red one...

 

This is struggling here... you might have a good shot to the next level... :confused:

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  joshdance said:
Just sold 95 .... 1/2 normal position

 

Don't like the volume so will move stop to BE. Looking for 92, but stopout much more likely now. Needs to go soon.

 

EDIT: well, I'm out at 95, I moved stop up a bit but decided just to close manually. With more of a position on I would have scaled @ 93.75 and could have moved my stop to 96s which is where it needs to be, but I didn't, so I'm out.

Edited by joshdance

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  joshdance said:
Don't like the volume so will move stop to BE. Looking for 92, but stopout much more likely now. Needs to go soon.

 

Well I hope you will hit the Green Button..my longs need some help...

 

Edit: apparently the 93.75 is a good number to lean on... however.. ACH... :helloooo:

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  roztom said:
Well I hope you will hit the Green Button..my longs need some help...

 

I did my part, the rest is in the market's hands my friend :)

 

Market doing what it does best right now -- consolidating, drawing in more on both sides, and with each move up and down, giving each side hope that it will be "right."

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  joshdance said:
I did my part, the rest is in the market's hands my friend :)

 

Market doing what it does best right now -- consolidating, drawing in more on both sides, and with each move up and down, giving each side hope that it will be "right."

 

This long MUST resolve itself soon... but right now the bus is in neutral ..:crap:

 

Edit Update 11:53 cst..Oh, what was that? It's a bus tire track over my back...

 

Anyone want to bet if we will go Neutral?? As written before if we take 91.25 by much then ......:(

Edited by roztom

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From earlier about 110% (IIRC) of 20d median volume, now to 89%.. market has slowed to a crawl. 92 - 96 is VA today, 92 is the basement for this bullish run IMO, and it should provide some buyer support, or is that simply too obvious? Wake me up when we get some volume.

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  joshdance said:
From earlier about 110% (IIRC) of 20d median volume, now to 89%.. market has slowed to a crawl. 92 - 96 is VA today, 92 is the basement for this bullish run IMO, and it should provide some buyer support, or is that simply too obvious? Wake me up when we get some volume.

 

Well..poop smells better than this mkt, especially long... I am actually considering reversing... but wouldn't want to short it in this area... so I might just wait here but at the moment I do not have anything going to initiate a long at least not here ..

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