emehoke

emehoke

nasdaq made a new high overnight, it looks like there is decent support, but lets see how well that holds up in today's session. at the moment it is impulsing higher, and correcting lower, maybe that continues and it just keeps going higher.

emehoke

This isn't exactly cutting edge, high grain analysis, but it's an angle to consider. this market is leveraged differently during the new york session. that allows people to buy more contracts at a time. just a statement of fact, I don't know how that would effect trading strategies.

emehoke

tough environment today. I don't like what I'm seeing in the open. I like my moves to be snappy and crisp in the morning, and I'm not seeing that even remotely. Very much sideways, with a slight upward slope. My bias at the beginning of the day was short, kind of expecting some buyer exhaustion to take effect, but that hasn't been the case. We are trickling...

emehoke

all of the indeces are trapped in a range for the first 30 minutes of trading. if you took any positions this morning you probably lost money. Might be a good day to sit on your hands, but if there is a breakout we could do some trending later on.

emehoke

nothing but upwards. I'm happy for the market, but this is a little crazy what it's doing to the nasdaq. All of the e-minis caught a similar influx of buyer activity. Some of them were relatively low, so now they look normal, however, the nq was really strong previously, so now it looks overbought. the recent move made new highs in the es and the nq, but not in...

emehoke

nq has been taking off along with the rest of the e-mini's. kind of nuts, but here we are.

emehoke

elliot wave is wildly apparent in bitcoin. This is one way to make sense of a strongly up trending market. Recognizing that this happens is a way to get into trades, and stay in them, even when there is a period of selling/profit taking.

emehoke

market strength across the board. almost no selling for the first 15 minutes. there was one chance to buy a pullback, but that was it. Now as I'm typing the lower time frames are making a triangle type shape. Could be a good oppurtunity to get long OR short. In this case I'm calling for a continuation higher, but shapes are the way to go. very reliable.

emehoke

nasdaq was doing everything it could to make a big correction, and it couldn't. I don't know what's propping the market up, but it must be buyers. It did take a pretty deep plunge before finding liquidity, so that might be enough to satisfy the bearish move for a while. I'm getting the news to you pretty late, as I said, this caught me by surprise.

emehoke

50k being a psychological barrier is nothing more than a barrier of the mind, however, a barrier of the mind it is. I'm thinking it will offer less resistance and trepidation now that we know bitcoin can get as high as 65. Once it gets to 60, i think 70 will become more likely. one step at a time is kind of how it works out here.

emehoke

The only argument I can find for it not to go higher is the volume bars for the recent up-move aren't noticeably larger than surrounding volume bars. The move wasn't a drastic one, so right now a lot of people probably are still thinking it's going to go lower. I might be ahead of my time, to put things in a positive light, but all of the major indicators are...

emehoke

not the same, but similar market behavior across the board this morning. Price is reaching higher into an area of previous selling. I believe it may have bottomed, but, as always, time will tell.

emehoke

yesterday I said that the downtrend might last for another month or two. Not trying to scare out longs, just my experience with what I will be considering a "seasonal disturbance" historically July, august, and september are the relatively bearish seasons in the US market.

emehoke

Just looking at a few basic techniques and trying to keep some of this information fresh in my head. I get a little dull using the same tools over and over, so I like to open a new can of worms once in a while. here i am mostly relying on fibonacci retracement levels, specifically the .5 level to act as a psychological turning point.

emehoke

market professionals are constantly attempting to state the obvious to cover their own a**. if you want to win money you have to do your own thinking. If you get someone that knows what they are talking about and is interested in helping you out, you should be really greatful. Most of the time traders have some other agenda, like promoting a business or whatever...

emehoke

all the 'professional' market watchers will tell you not to buy this market. There are plenty of patterns on the lower timeframes that would have allowed you to get long and make good money this morning. Always listen to yourself and don't give so much value to what some longwinded market gasbag is telling you. The fact remains that nobody knows what the...

emehoke

bitcoin still looking extremely healthy, even with some topping action going on, it really isn't showing any real signs of weakness.

emehoke

Anyone else seeing what I'm seeing? Am I f***** crazy?