|
PureBytes Links
Trading Reference Links
|
Don,
For clarification, what the definition of an IR4?
Earl
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, July 19, 2001 4:53 PM
Subject: Re: [RT] Intra-day market activity
> Earl.
>
> I did a recent study on IR4 days which yesterday was one. Inside Range 4
> days
> One interesting statistic is:
> On a day that is a HH, NO lower low and an UP close (an assumption when
swan
> diving in deep voo doo, doo doo near the close)
> is that these days close about 71% of the range of the day above the low.
> This is a dangerous trade, although at the Pivot, one did see a double
> bottom and it went up. Also the close
> was run over triggering hopeful longs stops... The stop off of the pivot,
is
> two points risk. No, I didn't take it. Still working out the stop on such
> trades.
>
> Getting run over then allows the second scenario to play out.. "OK" its
> going lower and the day will make a HH and a LL!!!!!
> the range for this is about 2.28 of the prevous day. so there is still
some
> make up room, statistically speaking if you get creamed for two point stop
> on the pivot buy. Because this day if it closes up will close up strong
> like the above. If its going to really close lower it will close on
average
> about .23 above the low.
>
> Hope this helps.. It's going to enter my trade book.
>
> don
>
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, July 19, 2001 4:53 PM
> Subject: Re: [RT] Intra-day market activity
>
>
> > Interesting, thanks. My initial cut was that the SP's stubborn refusal
to
> > break late yesterday was a bullish sign and the upside breakout
confirmed
> > this. I expected resistance at the 1232 area for the same reason you
> > mention, however I expected more of a flag than a full blown retracement
> ...
> > the overall setup appeared conducive to thinking in terms of a position
> > trade and adding to position during consolidation. Fortunately, the
price
> > action convinced me otherwise. I sat out the final rally ... these spike
> > rallies from deep (78%) retracements are dangerous.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Don Thompson" <detomps@xxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, July 19, 2001 1:48 PM
> > Subject: Re: [RT] Intra-day market activity
> >
> >
> > > Oh, Boy Earl,
> > > I guess the issue as I saw it was.
> > > On a 13 min chart look over at 7/5/01 in the afternoon, see that
little
> > > congestion, that was the do or die area for the
> > > drop the next day.
> > > The 1231.50 is .3 under that high,
> > > The 1231.50 is a .786 retracement.
> > > A double top at 1231.50 always sell a double top.
> > > An then your own observation is there is no pivot work done between
> > 1218.50
> > > and about 1212. or so.
> > > Think of the pain involved if you bought into this thing. between the
> > open
> > > and 1231.
> > >
> > > After re-reading that, it almost seems it was an intuitive statement.
> > > Lastly, an Inside day 4, With a HH, No LL and a higher close
> > > has a range of 1.60 of the prevous day. Thus when I wrote that the
range
> > of
> > > the day was no way near that average. So it almost
> > > begs to be sold just on a probability basis..
> > >
> > > Don
> > >
> > >
> > > ----- Original Message -----
> > > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, July 19, 2001 3:07 PM
> > > Subject: Re: [RT] Intra-day market activity
> > >
> > >
> > > > What made you think that it "had" to fill the gap ... good gaps
don't
> > get
> > > > filled right away and bad gaps do. From here, that first move down
to
> > > 1225,
> > > > rally and break of the 1225 low was the first clue that the rally
was
> > not
> > > > likely to consolidate and hold at high levels ... I had a daily
> channel
> > > buy
> > > > signal and was planning on holding for the first position trade I've
> > done
> > > in
> > > > a while but bailed on the weakness and then went short at 1221. Not
> sure
> > > > where we are going from here but looks like the sellers are still in
> > > > control.
> > > >
> > > > Earl
> > > >
> > > > ----- Original Message -----
> > > > From: "Don Thompson" <detomps@xxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Thursday, July 19, 2001 10:36 AM
> > > > Subject: Re: [RT] Intra-day market activity
> > > >
> > > >
> > > > > Personally, It has to fill the gap. All the longs at the open are
> > under
> > > > wa
> > > > > wa.. oh that is painful ....
> > > > > next pivot or R level is 1219.xx. Thats where it should go..
> > > > > Don
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > >
> > > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|