Index Trading, xjo, dow, dax, ftse

[early birds]

https://www.cnbc.com/2019/12/06/stock-marke...all-street.html

The U.S. economy added 266,000 jobs in November, according to figures released by the Labor Department. Economists polled by Dow Jones expected a gain of 187,000.

Treasury yields climbed to their session highs after the data was released. The benchmark 10-year yield traded at 1.86% while the 2-year rate was at 1.63%

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market popped up om this news. looks x-mas comes earlier

[joules mm1]

$hsi
so far very clean structure in bids v offers, impulsive bid with choppy pullbacks.....trendy

[joules mm1]

looking for flat > up day $xjo up more so spesh if honkers goes green
12.30am aest news whip https://www.forexfactory.com/

[early birds]

In Reply To: joules mm1's post @ Dec 5 2019, 02:15 PM

asx200 at 6703 as i type. done my job.
only left tiny stake ----to see how high it can run tomorrow!!

[joules mm1]

$xjo
promise to stop p!ssing around with this ....
"xjo wedge fights bull symmetry 051219"

note the text in the daily insert:

[joules mm1]

HTL high to low
BTO buy to open
BTC buy to close
STO sell to open
STC sell to close
LOD low of dayHOD high of day
GMTFO GTFO please sir may i exit
symmetry (a ratio of 1:1 this swing is the same size as last swing in the same direction, tending to be confirmative of/for directional trade)
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$xjo :
one point of note should not be overlooked the Dec 12 sell down is a 1:1 ratio of the downswing we are retracing today - going by my above comment that implies a very bullish idea which tended to be correct most oft than not, a good directional trend signal, hard to fudge trend construct....

[joules mm1]

$hsi lack of sell probably a good sign of accumulation/consolidation holding the index in a large buy zone
have started BTO positions on that, uber small

[joules mm1]

we are below a basic 33% retrace HTL since the end of month sell (which waited for the thanksgiving cue)
and we saw that rollover december 2nd late arvo so all the hallmarks of large rotation are there and not clear that resumption of the uptrend is printing today despite the bid

....xjo is rarely this active mid session, looks like distribution to me, the switch in sentiment from retail cfd's from extremely bearish to mildly bullish fits the tenet that retail cfd players are largely on the wrong side of the gig

ideally we need to see a bid into $xjo cash close and a bullish signal in the SPA into 4.10pm for the longs to resume the upside
for mine, best trade today from a positional trade is : dont care about and have no need for - any trade - unless the signal is screaming an ah-ha signal

[joules mm1]

In Reply To: early birds's post @ Dec 5 2019, 11:08 AM

like your thinking
alternatively take some off the table when it suits, raise stop to zone around break-even (+/-), let the momentum carry you

when we make new highs i'll have a perfect hindisght call : the end of month window dressing (fees) allowed a fake sell set-up to trap sellers
and flush out weak holders

[early birds]

In Reply To: joules mm1's post @ Dec 5 2019, 11:03 AM

am still hold few longs atm

already got my money back from last night's loss. currently sit on some profit as well .
try to target 6700ish before this weekend with stops at 6645. will move it higher once it go over 6675 again!!
sounds good idea??