You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
- Status
- Not open for further replies.
Quote from gmst:
wave can you please indicate the logic behind your thinking. You never write down 'why' behind your calls. It will help us newbies pick up a thing or two if you can share some rationale. Thanks
Simple 130300 is yesterday's low.
It does not mean that Wave is short, can be, but could have 10 trades in the meantime waiting for the 130300 or 133175.
Quote from Macho:
Simple 130300 is yesterday's low.
It does not mean that Wave is short, can be, but could have 10 trades in the meantime waiting for the 130300 or 133175.
yes target is clear, but his logic for wanting to be short is not clear. thats what I am asking. What he sees now that he thinks we are going down today. Even if we go down 8 points say, why won't we snap back up like we have been doing for last 15 days. Thats what I am wondering.
Most of the price action traders (on this thread and elsewhere) wait for the market to show its hand and then act. But wave is different - he comes and make predictions (like Lawrence chan). So, I am curious about the factors/techniques on which he bases his predictions.
1329 is SERIOUS resistance. The 18-25 was decent resistance and we got a couple of good reactions of it.
I would like to see us move up to 29 and then drop hard. If we breaks 40, the we will hit 56.
However, in the medium term i have turned bullish on the S&P and my target is 1500 minimum (1525 to be exact)
I would like to see us move up to 29 and then drop hard. If we breaks 40, the we will hit 56.
However, in the medium term i have turned bullish on the S&P and my target is 1500 minimum (1525 to be exact)
- Status
- Not open for further replies.