alleytrader

alleytrader Updated 

The arange circle is the area i will be looking to see if we get supporting action. if we do get support with impulisive moves on monday will enter a trade. however if we go sideways with lower drift, my long would not be starting till around Tuesday.

alleytrader Updated 

This week looks to be ending as a inside week and so was last week. I need market to pick a side next week or expect more grinding slightly bullish chop.

alleytrader Updated 

I will look for a further move to fist target then see if we reverse and fix lower structure or alternatively keep moving much higher before trying for that lower target. So Tuesday look for a bit more to the long side, but not be dumb if market disagrees. Will follow the action but using my targets as trade expectations.

alleytrader Updated 

As long as we stay in this box the trading is tight and fast with no direction or big moves. Looking for it to break before getting excited at all

alleytrader Updated 

the conditions have met for me to take a option spread short, I can do this with debit put spreads or credit long spreads or a combination of both. using both will reduce cost. The key is at this point keep risk well in control.

alleytrader Updated 

from a long time back published these megaphone patterns, we are now moving all the indices into the expanding top. Have been leaning long most day trades but now as we get to the two topping areas if market shows weakness will go short.

alleytrader Updated 

Trading short from range tops and longs from range bottoms, This is a chop zone and will keep trading this way until range breaks. The range may expand before breaking so be on the outlook for that.

alleytrader Updated 

will be watching red line for break to up side to target next higher red line. A break lower will toss long out the window.

alleytrader Updated 

There is a down channel that now has just brought us back into a very big up trend. Today will be looking to see what the market is going to do in relation to last week. Last week we had negative month, negative week and negative day after day. Today has anything changed? Only thing i have to ask my self.

alleytrader

Just noticed this so had to share it. Does not mean much till we get there and see if the market is respecting that or continues down. All i do all day is collect data points, then let the market tell me it cares about my data.

alleytrader Updated 

Market is in a very big sideways range and then over the last 3 weeks has been engulfing each prior week. The trade to me is back inside the expanding range. Keep an eye on very big picture weekly, Monthly to see if overall sideways trend changes. outside the daily action a bigger trend should develop.

alleytrader Updated 

Below today's large down move is a high volume target. Then just below that is a low volume area, know for fast travel. I will be watching how the market opens, and if moves more down and gets into the low volume you could see 380. Today got very sold and may see some dip buyers but will wait for morning to set stage for next few days.

alleytrader Updated 

Yesterday almost stayed inside mentioned range. It did provide some excess so yesterday could be a temporary low. End of day had large amount of stocks moving up. I will still be watching same range as yesterday, but looking for a bit higher high and or a bit lower low. This will be driven by the spots outside yesterdays range. Only thing on chart that is changed...

alleytrader Updated 

The green and red lines mark the boundaries of the outside of 7 inside hourly bars. will not pick a side tile the market does.

alleytrader Updated 

I am focusing on lower or higher highs. My bias for entry is bullish. Entry means new shorter term trades will be long. Will be longing for a lower high. If the market does not come as a lower high then focus on higher high and remain Bullish. When we roll over to the short side I then will trade short and look if we get lower lows or higher lows. I Enter...

alleytrader Updated 

If the S&P 500 can get above 3966 on the ES then the 4000 area on the day is my upper target. Do not think this is a likely break but just in case. For teh short side looking a using the overnight low as support.

alleytrader Updated 

Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.

alleytrader Updated 

the two line are marking the inside of the 15 minute as it was at time of posting. If this remains the same the following candles will look for a trade from the action outside this range. I personally would like long better, staying in the range. This said short momentum is there.