ES Journal - 2012
- Thread starter Buy1Sell2
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Quote from Laissez Faire:
50% of the gap is 43,75.
What a weird coincidence.
they lured the masses in short this morning, perfect op to F em. full gap much lower prob when gap is more then 8 pts is what one guy told me. i like your analysis about gap below previous day low.
in any case, half gap seems to higher prob in most cases but not sure.
Last add at 44.50, average short 40.50.
Fade any 5m green candles into close from here boys... 15m Divergence forming up. I don't like gaps... Plus I don't short or trade last hour either. LoL...
Only managed to get one long setup today. Didn't wake up early enough for the divergence setup. Sigh...
Still waiting for my 1324 or daily reversal to turn really bullish.
Five minute on the left, fifteen on the right.
Only managed to get one long setup today. Didn't wake up early enough for the divergence setup. Sigh...
Still waiting for my 1324 or daily reversal to turn really bullish.
Five minute on the left, fifteen on the right.
Reduced at 40.50, average short at 40.50.
Things are looking better for a bearish close, so I will ride this one a bit longer with minimum position.
Those were not much of green fives to fade, lol...
Well, would recommend waiting 2-3 green fives before fading again. Bit oversold for 20 minutes or so. If there is a sharp move up on the first two candles after the 5m reversal wait 4-5 green candles before fading. Heavy support at the weekly at 1339.25.
Hold short, or re-position short after a bunch of green fives pretty much summarizes my call here. Your only chance to get in on this short move at this point is likely the bounce off the weekly pivot.
The next bounce is a wave C so it's safe to short, however... The next down wave after the bounce is NOT a short. I repeat... NOT a short...
Well, would recommend waiting 2-3 green fives before fading again. Bit oversold for 20 minutes or so. If there is a sharp move up on the first two candles after the 5m reversal wait 4-5 green candles before fading. Heavy support at the weekly at 1339.25.
Hold short, or re-position short after a bunch of green fives pretty much summarizes my call here. Your only chance to get in on this short move at this point is likely the bounce off the weekly pivot.
The next bounce is a wave C so it's safe to short, however... The next down wave after the bounce is NOT a short. I repeat... NOT a short...
Drawn out the expected wave pattern for you boys here. Good luck!
Look at the green/red hand drawn markings at the end of the upper of the lower 5m and 15m indicators.
1339.25 weekly hit... I hope you covered half there!!!
Look at the green/red hand drawn markings at the end of the upper of the lower 5m and 15m indicators.
1339.25 weekly hit... I hope you covered half there!!!
This short move really only had one entry point. It's just not letting anyone in again...
Whatever, can't make perfect calls. If it dives suddenly with a hard capitulation just take your profits and call it a day.
Whatever, can't make perfect calls. If it dives suddenly with a hard capitulation just take your profits and call it a day.
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