I notice that /ES has formed a coil intraday today between 1042 and 1062, and it is winding tighter.
Thanks very much for teaching us how to read the tape, Carl. That was very generous of you. I have been trading /ES profitably by i) using the old-fashioned tape-reading techniques (using volume, etc.) I learned from your blog and ii) noticing the divergence between /ES and /NQ intraday.
For example, I just made a long-ES trade a few minutes ago after noticing a divergence:
Carl, If the low of 1041.50 holds does the short term move to 1091 also hold?
ReplyDeleteI notice that /ES has formed a coil intraday today between 1042 and 1062, and it is winding tighter.
ReplyDeleteThanks very much for teaching us how to read the tape, Carl. That was very generous of you. I have been trading /ES profitably by i) using the old-fashioned tape-reading techniques (using volume, etc.) I learned from your blog and ii) noticing the divergence between /ES and /NQ intraday.
For example, I just made a long-ES trade a few minutes ago after noticing a divergence:
http://bluechipbulldog.blogspot.com/2009/09/and-markets-just-walk-on.html#comment-17884666
can you say...Whipsawed?
ReplyDeleteMarket went nowhere fast!
Jack
Thursday - another day with back and forth opinion ?
ReplyDelete