IchibomB's stuff - Page 19

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Quote:

Originally Posted by Aznxdgnz 

the reason i thought it was a flush simply because the volume is unusual for around these hours. highest volume for futures as i see it is the the opening and closing of the us market. anything beyond that, i see it as the market is trying to tell you something.  

Got ya. I also watch volume and I noticed volume is moving it down, not up. I also think you're wrong about the heaviest being at open and close so double check that. I only trade ZN, ZF, NQ and ES because they have heavy volume. The bonds are my favorites.

I was unable to read your chart and I'm watching ZN closely so I don't have a lot of time right now. You're using ToS right?

yeah i am using tos. i am only use to ym as of now. Im trying to get my feet wet first.

well i judge volume by the 30 minute period. if i see unusual high volume after 1030 or before 3pm, i take that as signal. 

Quote:

Originally Posted by Aznxdgnz 

well i judge volume by the 30 minute period. if i see unusual high volume after 1030 or before 3pm, i take that as signal. 

I watch a 5 minute daily and a 4 hour weekly. I use the weekly to try and confirm what I'm thinking but that's a new setup and I'm not used to it yet.

I will do anything I can to help you using my limited knowledge but Ichi is the expert. If you noticed my signature it's the truth and I would not be here if not for him.

Have you seen this? http://www.hotstockmarket.com/t/186174/meet-and-greet-post-a-pic-of-yourself-and-say-hello  Ichi and myself are both in there and I'm looking forward to you signing in. Naw, ya don't have to. Just depends on how much help you want. (JK) lol

Ok will do. Don't know if you guys will be entertained by my dull life. lol. I will post in that thread when i get a chance. 

wow ym shot up pretty fast. Not what i wanted to see. I was hoping for a slow churn up. I think it slowly fade back down by the end of day to a more higher volume area. 

Quote:

Originally Posted by Aznxdgnz 

wow ym shot up pretty fast. Not what i wanted to see. I was hoping for a slow churn up. I think it slowly fade back down by the end of day to a more higher volume area. 

At 9:25 it closed above resistance which is a buy signal. POC is 12452. What is does from here is just a guess on my part. For me and at this time I wouldn't play it. Are you in?

yeah im short 1 contract at 12555.

That's looking good right now. When do you plan on exiting?

ill probably be looking at 12500, or a strong volume down move. 

well longer it stays in this area, the more trouble im in, hahaha. If it doesnt move downward by 3pm, i will be looking to exit. 

it looks like it wants to establish this area as the new daily poc.

Yeah i get burned on trending days. I tend to do better on ranging days. I don't read trend as well. i tend to buy too high and or short too low and get taken out by stop hunting. 

ok will do.

well i got lucky and got out at 12549. almost got burnt.