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Biotech / Medical : Arena Pharmaceuticals (ARNA)

ARNA 99.99

0.0%

Mar 15 5:00 PM EST

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To: The Ox who wrote (1910)	11/7/2013 3:42:15 PM
From: wolfgangrene	Read Replies (1) of 2274

The best method is the best method that works for you. Thanks for the explanation. I did buy and sell a few calls right after saying I had no position. Those 2 long 15 min wicks right after 11 am, said SPY would bounce, so I went for it. Sold as it was approaching the 34ema. Small trade. Now I'm looking for a long entry. Those 2 rectangles represent an ABC down move and target. I watch that and the 15 min PPO/ADX pincher forming. Al;so am aware of Tradersmarts daily ES numbers, which I'll take the liberty of posting, even though I didn't ask him if it was ok. 1787.6 Extreme Short 1780.5 - 1778.5 Highest Odds Short FTU 1774.5 - 1773.5 Range Short 1760.75 - 1759 Range Long 1750.25 - 1749.25 Highest Odds Long FTD 1719.75 - 1716.75 Extreme Long I think about all that, but ultimately rely on those 2 indicator lines. PPO and the ADX. Also the +DI line which doesn't like being under 10.

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