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Tuesday, January 27, 2009
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Blog Archive
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2009
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January
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- Trading Wisdom Not Heard Often
- Heavy Resistance
- Alan Farley On Why The "Lack Of Liquidity in 2009"
- NR7/Inside Bars Printed Today. Expect Range Expans...
- No title
- Bear Flags Closing Updates
- SKF Case Study: Trading The Open and The Close
- Bear Flag Updates
- ZZZZZZZZZZZZZZ
- 60 Min Index Charts Setting Up In Some Bearish Con...
- Another Trade Taken Today
- Trading The Opening Reversal
- Possible Bear Flags
- Putting Things In Perspective
- Could This Signal A Market Rally?
- Short Setups
- Financial Mess: Chart Updates
- Today's Reversals Look Feable
- Acceleration
- Shutting Off Distractions
- The Bleeding Continues
- Hilarious Video To Distract You In a Dull Market
- Wedge Updates
- Potential Breakdowns and Rising Wedges :Hoping For...
- DIG: Setup
- How Do You Live Your Life?
- Gut Feeling
- Bo Yoder Newsletter
- I Posted This Before BUT IT IS SO IMPORTANT TO Bru...
- Falling Wedge Update: Starting To Shape Nicely Now.
- Stingy Market?
- Wedge/Backtest Update: Mild Boune Off The Falling ...
- Trade Taken Today
- Advance Decline Chart For Lelio
- Looks Like A Backtest Thus Far
- Breakouts
- HIG Breakout
- Trade Taken Today
- 30 Min Charts Looking A Tad Toppy Now
- We Will Miss You
- Futures DO NOT Get More Boring Than this!
- Drum Roll Please!
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January
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Cool Traders/Sites
- ART OF TRADING Premium Site
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- Trading With Average Jay
- Wall Street Warrior
6 comments:
Stewie, can you tell me what NR7 means? Thanks,
Mr.G
NR7 = narrowest range bar of the previous 7 bars. contraction leads to expansion.
expecting greater volatility in prices?
and/or a breakout?
if you are expected a breakout, is it to the upside or down?
thanks.
hi kk. well. we are seeing the expansion taking shape in after hours. futures pointing to a much higher gap open. keep in mind, we have a FOMC meeting and that could add some more excitement to the party. so a gap and maybe a fade, chop wil FOMC and then fire works after the meeting is over. But i am a directional move of some sort to work it's way out of this range we've been in for the past few days.
Problem with the NR7 is knowing if it will continue in the direction of the trend? Or reverse?
I like the SKF wedge chart. Nice one my friend. Hopefully we get some kind of big fucking move in one direction for a change. This chop has been brutal.
if skf tests that 140 ish level. that could be a nice risk/reward entry.
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