9/7... Price TA... Market "built" support @ 4435. Did you get a piece of it?

Scataphagos

Scataphagos

Obvious as it gets.

Thurs 2.PNG


Price TA... "Matched low(s) support". "Buy Support, Sell Resistance"... DUH!!
 
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mervyn said:
4435 is val, will it go back to 4500? lol
More...

Maybe but probably not directly.

You don't get to know "where it will go" or "how long it will last"... you have to play that by ear. All you get to know is the "start" of this thing and then the start of the next thing.

You can SEE where the market changes from buying-to-selling and vice versa..... then try to get your money "in tune" with that as best you can.
 
Scataphagos said:
Maybe but probably not directly.

You don't get to know "where it will go" or "how long it will last"... you have to play that by ear. All you get to know is the "start" of this thing and then the start of the next thing.

You can SEE where the market changes from buying-to-selling and vice versa..... then try to get your money "in tune" with that as best you can.
More...
Hello Scataphagos,

Great response. We just do our best and make sure we have enough money for drawdown.

I have a question for you:

1. How do you personally handle drawdown because all trades will not be winners? Like how do you handle 2-4 losses in a row?
 
Scat...you are a great contributor...but I am seeing a buildout of the right shoulder of a H&S
I will wait until I get confirmation one way or the other
 
upload_2023-9-8_7-2-47.png


7 Sept 2023

Short at the arrow indicated above.
ES, NQ, DAX, CAC40 .... all went down together during the end-European session.
When the market moves in tandem, it is a high probability trade.
Also, the US employment data release continued to push ES further down.

Be on the lookout for intermarket correlation.


Do not miss the trading opportunity.
If you missed it, you ended up trading in the garbage zone which is not nice to trade.
And you are going to have difficulty getting a good reward : risk ratio.
 
maxinger said:
View attachment 322664

7 Sept 2023

Short at the arrow indicated above.
ES, NQ, DAX, CAC40 .... all went down together during the end-European session.
When the market moves in tandem, it is a high probability trade.
Also, the US employment data release continued to push ES further down.

Be on the lookout for intermarket correlation.


Do not miss the trading opportunity.
If you missed it, you ended up trading in the garbage zone which is not nice to trade.
And you are going to have difficulty getting a good reward : risk ratio.
More...

didn't see you in es thread, too small for you?
 
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