Mohan 24/07/2003
19 mensagens
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Mohan
Penso que, enquanto estes "morning call" forem sendo distribuidos gratuitamente, alguém os colocará aqui (a Pata é que o costumava fazer).
O problema é que, dentro de poucos dias, o serviço deve passar a ser pago.
Um abraço
Fernando dos Aidos
O problema é que, dentro de poucos dias, o serviço deve passar a ser pago.
Um abraço
Fernando dos Aidos
É verdade no que toca a ter de estar sempre de olho... Só ontem e hoje é que consegui seguir a sessão mais ou menos e estar com um olho nos Calls dele.
São um pouco complicados, mas dedico uns 15 min só para ler e reler e interiorizar os cenários que ele prevê. Acho que tem uns bons indicadores os tais TCF. Mas também não me sigo só por eles... Já foi falado aqui no passado num programinha TradingSolutions de Redes Neuronais que também me tem dado uma bela ajuda...
O campeonato continua em Setembro. Contudo se o Rui Andrade podesse continuar a postar os Calls

São um pouco complicados, mas dedico uns 15 min só para ler e reler e interiorizar os cenários que ele prevê. Acho que tem uns bons indicadores os tais TCF. Mas também não me sigo só por eles... Já foi falado aqui no passado num programinha TradingSolutions de Redes Neuronais que também me tem dado uma bela ajuda...
O campeonato continua em Setembro. Contudo se o Rui Andrade podesse continuar a postar os Calls



Never look back...twice!!!
- Mensagens: 56
- Registado: 24/7/2003 21:01
- Localização: Lx
Olá Smile
Olá Smile
Deixa-me, desde já, endereçar os agradecimentos ao Rui Andrade, que é quem manda a mensagem do Mohan a alguns de nós.
Eu tenho gostado, mas confesso que não leio com muita atenção (falta de tempo). É pena aproximar-se o período de férias (vou estar ausente todo o Agosto), pois penso que poderíamos ter umas boas conversas acerca destas mensagens do Mohan.
A minha opinião "a olho" é de que ele tem uma boa percentagem de acertos. Mas ainda não me resolvi a negociar (até porque, no daytrading, é necessário estar colado ao écran e não tenho tido essa disponibilidade...)
Um abraço
Fernando dos Aidos

Deixa-me, desde já, endereçar os agradecimentos ao Rui Andrade, que é quem manda a mensagem do Mohan a alguns de nós.
Eu tenho gostado, mas confesso que não leio com muita atenção (falta de tempo). É pena aproximar-se o período de férias (vou estar ausente todo o Agosto), pois penso que poderíamos ter umas boas conversas acerca destas mensagens do Mohan.
A minha opinião "a olho" é de que ele tem uma boa percentagem de acertos. Mas ainda não me resolvi a negociar (até porque, no daytrading, é necessário estar colado ao écran e não tenho tido essa disponibilidade...)
Um abraço
Fernando dos Aidos
Desculpa Pata, tive que me ausentar... Mas acho que ele tem uma maneira que demonstra já muito "calo" no mercado e até agora tem sido mais ou menos certeiro... 8 em 10 acho eu.
Sorte? Sabedoria? se calhar é trabalho e experiência... Contudo é giro pelo menos seguir a evolução dos indicadores e futuros conforme os Calls dele...
Já agora boas férias...
Sorte? Sabedoria? se calhar é trabalho e experiência... Contudo é giro pelo menos seguir a evolução dos indicadores e futuros conforme os Calls dele...
Já agora boas férias...
Never look back...twice!!!
- Mensagens: 56
- Registado: 24/7/2003 21:01
- Localização: Lx




De novo

High 5 "PART ONE"

HIGH FIVE "TABLE"

HIGH FIVE "PART TWO"

-
Visitante
obrigado pelo comentário
Vou tentar ajudar. Porque também tive curiosidade e andei a estudar um pouco do que ele segue. Então é assim os High Five são os indicadores que ele usa para ver o desenrolar do dia. Eles são: Composite, Merrill Lynch, Tick, Trin, Vix. Acho que são todos conhecidos (o Tick é a diferença entre a soma de todos os Up-ticks e a soma de todos o down-ticks) mas no site www.21centuryfutures.com/page/tcf/aboutus/highfive.txt está lá explicado tudo e os setups mais básicos. Em relação a hoje como ele dizia para se comprar o B/O que é o máximo da primeira hora e o máximo da primeira hora era quase +10 então ficava duvidoso a compra deste setup. E como já tinha dito o Trin esteve sempre e abrio acima de 1 o que bear...
Já agora queria agradecer ao Fernado dos Aidos por colocar todos os dias este setup...
Já agora queria agradecer ao Fernado dos Aidos por colocar todos os dias este setup...
Never look back...twice!!!
- Mensagens: 56
- Registado: 24/7/2003 21:01
- Localização: Lx
Antes de mais, bem vindo, smile! e fico desde já muito contente com o teu comentário, acho que nos vais ajudar a "traduzir" por miúdos o que nós (quero dizer: eu
) ainda não conseguimos decifrar nestes reports dele.
O que são os high five? e como é que identificaste os tais too much too soon? e bolas, os futuros são mais complexos de seguir que o cash, argh. O que é o tick? o trin já conheço, andei "trinzada" durante uns tempos, lol, mas o tick ainda não conheço, apresentas-me ao dignissimo e distintissimo personagem?
Ena, ena, arranjámos um participante genial!
(que chatice eu agora ir de férias, agora que ia aprender uns truques novos, chiuf)

O que são os high five? e como é que identificaste os tais too much too soon? e bolas, os futuros são mais complexos de seguir que o cash, argh. O que é o tick? o trin já conheço, andei "trinzada" durante uns tempos, lol, mas o tick ainda não conheço, apresentas-me ao dignissimo e distintissimo personagem?
Ena, ena, arranjámos um participante genial!



Aproveito para me apresentar...
Em primeiro quero-me apresentar neste belo local de aprendizagem. Em segundo tenho seguido com algum interesse estes Calls do Mohan e até tem acertado alguma coisa. Os valores que ele apresenta são dos futuros e não cash e hoje o que eu acho que se passou foi o que ele chama de Too Much Too Soon e eu aproveitei na subida, mas seguindo os high five com atenção o Trin sempre a cima de 1 e o Tick abaixo de 0 dava para ver que não era um dia muito Bull. Mas é esperar pelo o que ele diz amanhã...
P.S.: Vou tentar intervir mais. E volto a dar o parabéns a todos, por este local de troca de ideias.
P.S.: Vou tentar intervir mais. E volto a dar o parabéns a todos, por este local de troca de ideias.
- Mensagens: 56
- Registado: 24/7/2003 21:01
- Localização: Lx
Mohan
Não sei, Pata... depende das regras que eles seguirem... (podem incluir qualquer coisa como, se vier a 1 ponto do pivot e se começar a afastar entrar na mesma).
Devo confessar que segui um pouco o SP500 no início da tarde e, quando veio a 980, tive a tentação de entrar para experimentar (em antecipação ao pivot), mas não o fiz (seria, aliás, uma terrível indisciplina negociar só com base num valor e num título de uma mensagem, sem a ter, pelo menos, lido com toda a atenção).
Valeria a pena fazer um apanhado das suas previsões e comparar com os acontecimentos no dia seguinte para ver se se pode concluir alguma coisa.
Abraço
Fernando dos Aidos
Devo confessar que segui um pouco o SP500 no início da tarde e, quando veio a 980, tive a tentação de entrar para experimentar (em antecipação ao pivot), mas não o fiz (seria, aliás, uma terrível indisciplina negociar só com base num valor e num título de uma mensagem, sem a ter, pelo menos, lido com toda a atenção).
Valeria a pena fazer um apanhado das suas previsões e comparar com os acontecimentos no dia seguinte para ver se se pode concluir alguma coisa.
Abraço
Fernando dos Aidos
LOL, fernando... temos que comparar experiências com as barras do cem, que eu tb tenho andado a brincar, e stopei o dax há dois dias uns ticks antes de tempo, antes do stop da barra. Duas semanas de trade para ganhar para aí 10 pontos . Lindo. claro que subiu imediatamente a seguir sem ter ido ao stop, né...?
Nos states as barras têm andado só a ser stopadas e a dar pequenos prejuizos.
Bem, mas se o mohan dizia que o pivot de compra era esse, e o minimo ficou acima, não se poderia ter comprado, ou estou a ver mal o filme..
?
Nos states as barras têm andado só a ser stopadas e a dar pequenos prejuizos.
Bem, mas se o mohan dizia que o pivot de compra era esse, e o minimo ficou acima, não se poderia ter comprado, ou estou a ver mal o filme..

Mohan
Pata,
Não tenho olhado com muita atenção (embora o coloque aqui sempre que posso, pois o Rui também me envia a mensagem) mas tenho, em geral, boa impressão.
Fui agora rapidamente ver o de ontem e, embora ele dissesse que esperava um "rally", o pivot de compra era 977.50-978.50. Ora o mínimo de ontem para o SP500 foi 979.79 (segundo o downloadquotes)... e, de facto, seguiu-se um "rally".
Tanto quanto sei, eles têm um conjunto de normas para os conselhos dele serem usados, mas eu não sei quais são. (seguramente incluirão não entrar na primeira meia hora...)
Penso que seria interessante tentar negociar as previsões dele com posições muito pequenas e ver no que dá. Eu ainda não tentei, pois tenho muita resistência a tentar negociar um sistema de outra pessoa. Tentei à pouco com as "Barras Cem" para ver no que dava no Dax mas não tive ponta de disciplina... e o resultado foi desastroso (e fiquei a ver o sistema a dar bons resultados...
).
Um abraço
Fernando dos Aidos
Não tenho olhado com muita atenção (embora o coloque aqui sempre que posso, pois o Rui também me envia a mensagem) mas tenho, em geral, boa impressão.
Fui agora rapidamente ver o de ontem e, embora ele dissesse que esperava um "rally", o pivot de compra era 977.50-978.50. Ora o mínimo de ontem para o SP500 foi 979.79 (segundo o downloadquotes)... e, de facto, seguiu-se um "rally".
Tanto quanto sei, eles têm um conjunto de normas para os conselhos dele serem usados, mas eu não sei quais são. (seguramente incluirão não entrar na primeira meia hora...)
Penso que seria interessante tentar negociar as previsões dele com posições muito pequenas e ver no que dá. Eu ainda não tentei, pois tenho muita resistência a tentar negociar um sistema de outra pessoa. Tentei à pouco com as "Barras Cem" para ver no que dava no Dax mas não tive ponta de disciplina... e o resultado foi desastroso (e fiquei a ver o sistema a dar bons resultados...

Um abraço
Fernando dos Aidos
cont
Trade Setup Summary for Wednesday, July 23, 2003:
Buy 978.50/ Sell 988.50 +10 pts. (Buy Buy Pivot Target/ hold through to the BreakOut)
Recap of Wednesday's Action:
Good Morning and thanks for joining us today on the Morning Call.
Our Headline Call for Wednesday was looking for a rally which we were expecting to ideally occur of an early drop to our target numbers. This is exactly what we got as the market pulled back to our Buy Pivot Target of 978.50 in the early going and pushed higher all day.
It was not as intense of a rally as I was expecting but we did end up getting a successful trade and Headline Call. So MISSION ACCOMPLISHED. I got a ton of emails today from so many of you who are really getting the Market Call briefings down cold and scoring the handles. Great Job! Those of you who are new to the Morning Call briefings...KEEP STUDYING AND RESEARCHING. You will start to see the repeating, unfolding patterns after some more study. Just relax, read the briefings carefully and take lots of notes. If you can set up your yellow pad like I described about a week ago that will help you tremendously. If you missed that briefing and are curious then just look in the ASK MOHAN section where I described the idea in great detail.
Well, they opened the market about flat Wenesday with the official open from the exchange less than a buck higher. We saw the slow erosion we were looking for to get long and as seen on the chart above they hit our Buy Pivot Target with precision. You had to have your limit order in there or your finger on the trigger of your electronic trading platform ready to get long at the market. A short while later you got a second chance to get long as they dipped below the Buy Pivot Target upon hitting it again.
Because the market had run up 5 points and then pulled back we had tightened up the stops so the losses would have been strictly limited to way under 6 points. The prices never put any real heat on the stop and it was a nice ride up 8-10 points to the BreakOut Hour One pivot where they pulled back off instantly upon filling our 10 handle profit.
Early in the session as they dropped below the bottom of the Value Area at 980.00 it may be asked, "wasn't this bearish"?. Well, it could be but our Headline Call was looking for a rally off the lows or a full on BreakOut rally as described. Remember, the Headline Call is made up of 18 proprietary Market Force indicators that ROCK. These are indicators I basically developed myself from over a decade of watching almost every TICK. I did have to get a glass of water every now and then.
So each night I spend almost 3-4 hours calculating my 18 indicators and putting tremendous analysis time into discovering what the market is most likely going to do the next day. So actually the HEADLINE CALL IS THE MOST IMPORTANT INDICATOR. Keep this in mind and let the Market Force be with you!
The TRIN was an odd, bearish culprit on Wednesday's action holding above 1.00 all day but in spite of this the market slowly CHANNELED up in a classic textbook TRAILBLAZER type channeling pattern using the one minute Candles or Bars. When we got up near the BreakOut you could see the CROSSOVER occur and that's when things started stagnating and flip- flopping some. Stil the Market Force took em up into the close fulfilling our Headline Call.
Today's Call & Briefing:
We are looking for continued higher prices today which (if the rally action occurs) we are expecting to fizzle out later in the session after 1:30-2:00est. Although many of the big Mutual Fund managers are on vacation their co-managers are still keeping the portfolios trimmed of excess and it appears that Thursday's tend to be the days they like to do this later in the afternoon if the excess price rallies warrant the appropriate action. So let's see if we can rally em up early, stabalize and then pull em back some. If this occurs as planned then Friday will most likely be a consolidation day and a trading non-event. Good day to go to the beach if so (or lake or golf course or.....) We'll know when we get there.
IMPORTANT NOTE ON TRADING RANGE AND TCF PROFITABLE TRADES: For those of you on a Free trial or new subscribers who are analyzing our trades and methods I would like to point out one other "feather in our cap". First of all, as mentioned on yesterdays briefing, we have successfully nailed 4 top or bottom ticks in just 3 weeks since starting our service here with TCF. That is very rare for most traders but we are quite used to it here at 21st Century Futures. Generally traders will only catch the exact bottom/top tick a few times IN THEIR ENTIRE TRADING CAREER. But the most important thing if you are analyzing our service is to note that on the last 2 days we have captured 10+ handles of profit on 2 DAYS WHERE THE TRADING RANGE AVERAGED ONLY 13 POINTS. You gotta admit...that is no accident and neither are the top/bottom ticks. Especially when you consider that these exact trade setups are described in our Trading Handbook and in the Market Call.
So Join us today for a subscription for less than 1$ a day (295$ a year or our current special price) and get this service EVERY DAY along with our "Ask Mohan" section plus our over 1 year of TRADING ARCHIVES. The archives read like the best trading book on the market for the S&P500 because each page (trading day) is based on the REAL ACTION of the market.
TCF TRADE SETUPS TO WATCH FOR TODAY: Let's again be ready for a BreakOut Buy to get fulfilled. The market appears like it is itching to BreakOut today and then "hang up" near the highs before pulling back later in the afternoon. Use the BreakOut buy strategies shown in the Trading Handbook. Look for a flat Dow at the time of the B/O along with the NAZ leading the way up +12-15 or more. We need a lower TRIN below .80 or so to see a good solid B/O and VIX lower too.
Similar to yesterdays briefing, if we get a hard, fast rally right off the open or in the first half hour or so then watch out for what we call a "Too Much Too Soon" setup. These occur when the Dow is up +80 or more BUT the NAZ is holding back being up only +10 or less. Again, read more in our exclusive Trading Handbook all about this trading setup.
Not expected today but be on the alert for any surprise bummer news where they smack the market down off the open with a gap lower and some heavy bad news. The Bear Ugly day which we described on today's ASK MOHAN section clearly shows you what to look for. We have also discussed this more in that section on other days.
Value Area: 981.40 - 988.20
We are closing right near the top of the VA again and it is starting to form a "line in the sand" here. We had expected the market to blow through the Pit Bull above 993 on Wednesday but they couldn't get enough rally juice flowing. Maybe today we will see this. I had spoke about the importance of holding above the opening yesterday and isn't it funny how I say that, they open near the highs, hold lower all day and then push up to close right on the open. So this in part is the reason for the bullish call today. Just remember that we are looking for it to fizzle out later unless the High Five is screaming bullish or something.
Buy Pivot Target: 980.50 - 981.50
No trade at this buy pivot today. It is rare that the market will give you the same opportunity 2 days in a row. Usually something odd happens to mess up the ease of that "no brainer" repeat trade. So if they go down here today instead of a BreakOut like we are expecting then use caution around this area. Let's just wait and compare it to the Hour One pivots and see what's up then with those.
Sell Pivot Target: 991.75 - 990.75
No trade at this pivot today. Again, let's watch and see if we get the rally action expected. If so they should blow through this double doored resistance area and attempt to stretch up to 997.00. If our Headline Call pans out then we could see a reversal trade long off this Sell Pivot Target when/if they run up through the +4.25 stop/pivot at 996.00. If the prices CAN make it up this high and the High 5 are pretty strong then we could see the higher numbers given yesterday for upwards resistance. You did save those numbers I gave you yesterday as I suggested for today right? What? Even after I politely asked you to save them? Ok, no problem, they are on our archive section for yesterday. Check em out. 1007 is the big resistance at this point.
10 Day "Pit Bull" Moving Average: 990.80
We are moving towards the "line in the sand" at this stubborn Pit Bull number and we are looking for a pop up above it. If our Headline Call pans out and we get some movement upwards then the later afternoon pull back will be important to watch for the new support at the Pit Bull. This is all pending our Headline Calls rally action occurring and the associated strength of the High 5 to get this deal done.
Pro Trader's Action
The only real trading idea that will appear clear today in conjunction with our Headline Call is if we can get a true BreakOut buy going combined with a move that allows us to get long on a "Sell Pivot becomes Buy support with a bull High 5" setup for those who miss the B/O.
This all may occur ABOVE the Pit Bull and Sell Pivot Target entirely or it may not happen at all and we just fade back to the lower 980's again. The Market Force indicators are calling for the bullish idea to pan out with the later pullback. All we can do at this point is pay attention to the above setups I have shown you to watch for and see how the mop flops.
Let's see if we can get long on a BreakOut and get a run up making some money along the way.
All the best of luck and success in your trading today, Mohan
Buy 978.50/ Sell 988.50 +10 pts. (Buy Buy Pivot Target/ hold through to the BreakOut)
Recap of Wednesday's Action:
Good Morning and thanks for joining us today on the Morning Call.
Our Headline Call for Wednesday was looking for a rally which we were expecting to ideally occur of an early drop to our target numbers. This is exactly what we got as the market pulled back to our Buy Pivot Target of 978.50 in the early going and pushed higher all day.
It was not as intense of a rally as I was expecting but we did end up getting a successful trade and Headline Call. So MISSION ACCOMPLISHED. I got a ton of emails today from so many of you who are really getting the Market Call briefings down cold and scoring the handles. Great Job! Those of you who are new to the Morning Call briefings...KEEP STUDYING AND RESEARCHING. You will start to see the repeating, unfolding patterns after some more study. Just relax, read the briefings carefully and take lots of notes. If you can set up your yellow pad like I described about a week ago that will help you tremendously. If you missed that briefing and are curious then just look in the ASK MOHAN section where I described the idea in great detail.
Well, they opened the market about flat Wenesday with the official open from the exchange less than a buck higher. We saw the slow erosion we were looking for to get long and as seen on the chart above they hit our Buy Pivot Target with precision. You had to have your limit order in there or your finger on the trigger of your electronic trading platform ready to get long at the market. A short while later you got a second chance to get long as they dipped below the Buy Pivot Target upon hitting it again.
Because the market had run up 5 points and then pulled back we had tightened up the stops so the losses would have been strictly limited to way under 6 points. The prices never put any real heat on the stop and it was a nice ride up 8-10 points to the BreakOut Hour One pivot where they pulled back off instantly upon filling our 10 handle profit.
Early in the session as they dropped below the bottom of the Value Area at 980.00 it may be asked, "wasn't this bearish"?. Well, it could be but our Headline Call was looking for a rally off the lows or a full on BreakOut rally as described. Remember, the Headline Call is made up of 18 proprietary Market Force indicators that ROCK. These are indicators I basically developed myself from over a decade of watching almost every TICK. I did have to get a glass of water every now and then.
So each night I spend almost 3-4 hours calculating my 18 indicators and putting tremendous analysis time into discovering what the market is most likely going to do the next day. So actually the HEADLINE CALL IS THE MOST IMPORTANT INDICATOR. Keep this in mind and let the Market Force be with you!
The TRIN was an odd, bearish culprit on Wednesday's action holding above 1.00 all day but in spite of this the market slowly CHANNELED up in a classic textbook TRAILBLAZER type channeling pattern using the one minute Candles or Bars. When we got up near the BreakOut you could see the CROSSOVER occur and that's when things started stagnating and flip- flopping some. Stil the Market Force took em up into the close fulfilling our Headline Call.
Today's Call & Briefing:
We are looking for continued higher prices today which (if the rally action occurs) we are expecting to fizzle out later in the session after 1:30-2:00est. Although many of the big Mutual Fund managers are on vacation their co-managers are still keeping the portfolios trimmed of excess and it appears that Thursday's tend to be the days they like to do this later in the afternoon if the excess price rallies warrant the appropriate action. So let's see if we can rally em up early, stabalize and then pull em back some. If this occurs as planned then Friday will most likely be a consolidation day and a trading non-event. Good day to go to the beach if so (or lake or golf course or.....) We'll know when we get there.
IMPORTANT NOTE ON TRADING RANGE AND TCF PROFITABLE TRADES: For those of you on a Free trial or new subscribers who are analyzing our trades and methods I would like to point out one other "feather in our cap". First of all, as mentioned on yesterdays briefing, we have successfully nailed 4 top or bottom ticks in just 3 weeks since starting our service here with TCF. That is very rare for most traders but we are quite used to it here at 21st Century Futures. Generally traders will only catch the exact bottom/top tick a few times IN THEIR ENTIRE TRADING CAREER. But the most important thing if you are analyzing our service is to note that on the last 2 days we have captured 10+ handles of profit on 2 DAYS WHERE THE TRADING RANGE AVERAGED ONLY 13 POINTS. You gotta admit...that is no accident and neither are the top/bottom ticks. Especially when you consider that these exact trade setups are described in our Trading Handbook and in the Market Call.
So Join us today for a subscription for less than 1$ a day (295$ a year or our current special price) and get this service EVERY DAY along with our "Ask Mohan" section plus our over 1 year of TRADING ARCHIVES. The archives read like the best trading book on the market for the S&P500 because each page (trading day) is based on the REAL ACTION of the market.
TCF TRADE SETUPS TO WATCH FOR TODAY: Let's again be ready for a BreakOut Buy to get fulfilled. The market appears like it is itching to BreakOut today and then "hang up" near the highs before pulling back later in the afternoon. Use the BreakOut buy strategies shown in the Trading Handbook. Look for a flat Dow at the time of the B/O along with the NAZ leading the way up +12-15 or more. We need a lower TRIN below .80 or so to see a good solid B/O and VIX lower too.
Similar to yesterdays briefing, if we get a hard, fast rally right off the open or in the first half hour or so then watch out for what we call a "Too Much Too Soon" setup. These occur when the Dow is up +80 or more BUT the NAZ is holding back being up only +10 or less. Again, read more in our exclusive Trading Handbook all about this trading setup.
Not expected today but be on the alert for any surprise bummer news where they smack the market down off the open with a gap lower and some heavy bad news. The Bear Ugly day which we described on today's ASK MOHAN section clearly shows you what to look for. We have also discussed this more in that section on other days.
Value Area: 981.40 - 988.20
We are closing right near the top of the VA again and it is starting to form a "line in the sand" here. We had expected the market to blow through the Pit Bull above 993 on Wednesday but they couldn't get enough rally juice flowing. Maybe today we will see this. I had spoke about the importance of holding above the opening yesterday and isn't it funny how I say that, they open near the highs, hold lower all day and then push up to close right on the open. So this in part is the reason for the bullish call today. Just remember that we are looking for it to fizzle out later unless the High Five is screaming bullish or something.
Buy Pivot Target: 980.50 - 981.50
No trade at this buy pivot today. It is rare that the market will give you the same opportunity 2 days in a row. Usually something odd happens to mess up the ease of that "no brainer" repeat trade. So if they go down here today instead of a BreakOut like we are expecting then use caution around this area. Let's just wait and compare it to the Hour One pivots and see what's up then with those.
Sell Pivot Target: 991.75 - 990.75
No trade at this pivot today. Again, let's watch and see if we get the rally action expected. If so they should blow through this double doored resistance area and attempt to stretch up to 997.00. If our Headline Call pans out then we could see a reversal trade long off this Sell Pivot Target when/if they run up through the +4.25 stop/pivot at 996.00. If the prices CAN make it up this high and the High 5 are pretty strong then we could see the higher numbers given yesterday for upwards resistance. You did save those numbers I gave you yesterday as I suggested for today right? What? Even after I politely asked you to save them? Ok, no problem, they are on our archive section for yesterday. Check em out. 1007 is the big resistance at this point.
10 Day "Pit Bull" Moving Average: 990.80
We are moving towards the "line in the sand" at this stubborn Pit Bull number and we are looking for a pop up above it. If our Headline Call pans out and we get some movement upwards then the later afternoon pull back will be important to watch for the new support at the Pit Bull. This is all pending our Headline Calls rally action occurring and the associated strength of the High 5 to get this deal done.
Pro Trader's Action
The only real trading idea that will appear clear today in conjunction with our Headline Call is if we can get a true BreakOut buy going combined with a move that allows us to get long on a "Sell Pivot becomes Buy support with a bull High 5" setup for those who miss the B/O.
This all may occur ABOVE the Pit Bull and Sell Pivot Target entirely or it may not happen at all and we just fade back to the lower 980's again. The Market Force indicators are calling for the bullish idea to pan out with the later pullback. All we can do at this point is pay attention to the above setups I have shown you to watch for and see how the mop flops.
Let's see if we can get long on a BreakOut and get a run up making some money along the way.
All the best of luck and success in your trading today, Mohan
Mohan 24/07/2003
Market to move higher today up into the 1:30-2:00est time frame. CAUTION: Prices expected to pull back later in the session if a rally occurs.
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