Trading levels for 05/14/2018Hey guys, here you have the levels for trading Tuesday, we had no trades on Monday as we were looking to short R3 but price never came close to it, there were some opportunities to short R2 and R1 but we didn't get all the requirement to take the trade, moving forward we expect a little more weakness, we will be looking to sell the rallies. If you are a long term trader the Gartley pattern is still valid. PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
Es_f
Trading levels for 5/14/2018 + AB=CD + GartleyOk guys, here you have the levels for trading on monday, but i have also added a couple of levels that i think are gonna be key this coming week, one of them is the end of a AB=CD pattern at around 6695 to 7000, and the next one is a nice Gartley pattern formation at around 7020, i will add those charts in the comments section make sure you check them out, and what that means for us is that we will be taking some longs if we get some type of a pullback, and/or we will be shorting the market at R2 or possibly R3. As always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 05/111/2018Following the strength of Wed session, the nasdaq kept moving to the upside on Thursday. we had a couple of trades one scratch and one winner, if you want to take a look at our trades pls check out the last post. Moving forward i would like to see a pullback before taking any longs, and if price keeps moving to the upside i'll be looking to take some shorts. Remember to PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S
Trading levels for 5/10/2018Easy trading day for us, we had a couple of trades and the last one was not filled. if you want to see our trades, take a look at the last post in the comment section. Moving forward the 1H chart is a little overbought and we expect a small pullback, this would be good to take some long trades, in the other hand if we continue to see more upside we can take a countertrend trade and short the market, as always PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
Trading levels for 05/09/2018Buying the dips, that was our mentality at the beginning of the day, and even though we were expecting more volatility we kept our plan, we had a nice trade from S2 to YL, if you need to check our trades, they are in the last post in the comment section, for tomorrow we will continue to be bullish unless some crazy movement happens in the market overnight. as always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 05/08/2018Talking about contraction and expansion, what a quiet day in the markets, we didn't have any trades today, we were waiting for a little more upside but the market never moved higher. We should expect a little more volatility tomorrow, as always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S
Trading levels for 05/07/02018Strong price action in the 1H chart, we would like to see a retracement into the PP or lower to get some longs, or if price keeps moving higher we'll be looking to take some shorts at R2 or maybe R1. We had an entry signal on friday morning but we were not able to get long, and after that there were no real retracements. As always PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S
Trading levels for 05/04/2018Great day for us in the markets, we had a couple of good trades that went to targets pretty fast, you can check those out in our last post. Moving forward we had a little more volatility and that is great for day trading, these levels are awesome if you can create a plan around them, therefore PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
Trading level for 05/03/2018Tuesday was a little bit of a crazy day in the markets, we were looking for longs, but we ended up taking a short from the high to the PP, and we missed the long at PP, any way you cannot win them all. Tomorrow we will be a little more cautious, and at the same time more aggressive depending on which way the market is moving overnight. If you want to see our trades pls take a look at our last post, and as always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for Tue 05/01/2018 What a drop on Monday, we are expecting a little more weakness on Tuesday, therefore we will be looking to sell rallies, but for those of you countertrade traders we have an AB=CD coming at around 6565 plus we have a Gartley formation just above that. we had only one trade on Monday, as always you can check our trades in our last post. Thanks for the likes and the comments please keep them coming, and as always PLAN YOUR TRADE AND TRADE YOUR PLAN.
KRS
Levels for trading Fri 04/27/2018AMZN earnings are helping the nasdaq move higher, and we saw the same price action yesterday at the close, therefore we will be looking to buy the dips tomorrow. We only got one trade today, we shorted R2 and we got only partial profits, you can check our trades in the comment section of the last post.
Plan your trade and trade your plan.
KRS
Levels for trading thur 04/26/2018Crazy day for daytrading, was a fight between bulls and bears, we got only one trade today, we took a long from S1 to YL , i think bulls have the lead now, therefore we may look for long trades tomorrow, you can take a look at our trades in the comment section of our last post, and as always Plan your trade and trade your plan.
KRS
Level for trading Wed 04/25/2018What a day we had on Tuesday, we knew markets were weak but this was some fast action to the downside, we had one trade to the downside from YC and PP to YL, after today's we may have a little retracement, but markets are very weak.
As always plan your trade and trade your plan
KRS
Level for trading Tue 04/24/2018As we said yesterday there still was some downside potential, we had some orders at YH but price never reached our levels, but we had a small trade off the PP to YC, and there was a nice long trade from S1 but we missed the entry. Moving forward, the market still weak, but we have a divergence in the 1H chart and that might push the market a little higher. As always plan your trade and trade your plan.
Levels for trading on Thu 04/19/2018Hello guys, as we were expecting, the market pullback a little bit after the opening, giving us the perfect entry at Pivot Point. i would expect more of the same (buy dips) unless something crazy happens overnight.
Check yesterday's post and scroll down to the comments to see our trades for Wednesday.
Plan your trade, trade your plan.
$ES_F $SPY Short-Term Bullish Then Something Bad Might HappenEarnings are clearly propping up the markets at this point.
Just a quick glance at the chart will show you that $ES_F was heading downwards pretty aggressively until the first red line; the first big E.R. reports of the season. $NKE and $MU crushed their reports, and the markets responded upwards...but not on much volume.
The second red-line shows another save of $SPY ... aided by beats by $RHT and $PAYX .
Rinse and repeat for a while...then the final line is at April 6th, when the first big bank earnings came out.
$GS - Missed EPS but big revenue beat
$WFC - Beat top and botton
$C Beat top bigly , slight miss bottom line.
The markets were happy with that but then geopolitical tensions settled in towards the end of the day which caused the markets to pull back.
The upside resumed yesterday, once again on good earnings.
But the issue I see is illustrated by the purple price line. If you look at the OBV at this price level vs the OBV when the S&P 500 Index was at this level before, we are way below where we used to be OBV wise. This divergence is bearish.
The money flow indicator shows that there has been some buying, but the size of the buying has dropped on each spike since the largest one. The Chaikin Oscillator follows a very similar pattern (as it should, confirming each other).
So I think we will indeed see some more upside in the near-term...but some large E.R. misses or another geopolitcal event could really pull us down viciously.
Or maybe we continue to float up slowly throughout the rest of E.R. If that happens, I'd want to see the OBV and the Chaikin Oscillator start to move up aggressively to at least where we were in early March. If that doesn't occur the markets may very well collapse at the end of the season (if not before that).
Keep posted over at my blog:
www.androstrades.com
How I see it Pt 2I'm looking at the futures because it gives me a cleaner look than spy. This is how I see it playing out, and my plan for it. I will be legging into my short at Option A zone with a 60% position, with remaining 40% being entered into near option B or upon failure at A. using sell stops. Good luck and I hope this helps someone.