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Alsi Sept Fuures

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FEK
Super Contributor
Is 35320 major resistance ?
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74 REPLIES 74
Not applicable
...not really.
Not sure how you got to that figure, maybe something I haven't seen but your major resistance points usually end of with a 000 or 500, otherwise the current low or high (like 37,700 and 33,300)
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FEK
Super Contributor
Are we heading to +/_35600 after taking out 35320 ?
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Rams
Super Contributor
I have taken profits at 35300.... My stop now at breakeven and will ride this trend util my stop is hit ...otherwise will exit at market close
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orange68
Super Contributor
dow goes up we go down . . .
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Not applicable
I also don't quite get that.
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Rams
Super Contributor
Dow is up but 16.15 candle is red...so we go down. Trend on DOW since open is still up, so as long as trend up, we could still go up...one may panic and decide to exit, but i stay in until my stop is hit for the remaining contracts...as long as stop is at breakeven and profits locked in on other contracts, you ride this longer...you give some back and other days you catch the big trends...
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orange68
Super Contributor
yeah definitely i agree we trade our trends but it is quite interesting sometimes we follow so closely and others we do completely opposite things.
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Rams
Super Contributor
taking out 34522(LOD), and trading below 34500 will see the AlSI going down to 34100(34097). First target is therefore 34500. Trading above 34800(34819), may be 15 minute trend reversal...with the sideways pattern now, challenge will be locking in profits but staying in the trade...
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Rams
Super Contributor
now trading at 34800...trend change?
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FEK
Super Contributor
Agreed, trend is changing
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FEK
Super Contributor
heading south again
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Rams
Super Contributor
well FEK, lets see if we can go thru 35320 today...
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Rams
Super Contributor
the FTSE has a gap down yesterday and a gap up today into yesterdays gap...so what gap do we have now...there is some ECB meeting toaday, US jobs tommorrow and US closed today...so may end up a pancake day...
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Rams
Super Contributor
taking out 35320(actual level is 35335, my first profit target is 35435...trend change around 35100(at current price levels)...but this market has not really moves much since 9.30..wonder how toasted panckaes taste?
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Rams
Super Contributor
moves= moved....panckaes=pancakes
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Rams
Super Contributor
moves= moved....panckaes=pancakes
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FEK
Super Contributor
Creeping towards 35 330.......
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