ES Journal - 2013

Well, I was head faked on this nonexistant push up, but the move down was fairly obvious, but a bit rocky and I caught almost 2 points of it.

Downtrending day seems unlikey as we have a lot of confluence.

I'm hoping this day becomes one of my 'multi-stage afternoon reversal' plays. This push down is the pullback. Expect a push up that fails, and then a 2nd push up that fails. then expect exhaustive buy side PA, followed by a hard push down which can be easily capitalized on if you see the pattern in the works. I normally see it work on the 15 min chart, but its a very very rare pattern.
 
Quote from wiesman02:

Well, I was head faked on this nonexistant push up, but the move down was fairly obvious, but a bit rocky and I caught almost 2 points of it.

Downtrending day seems unlikey as we have a lot of confluence.

I'm hoping this day becomes one of my 'multi-stage afternoon reversal' plays. EDIT: Trending move up follows a push down that can be characterized by a pullback.

Expect 1st push up that fails, and then a 2nd push up that fails. then expect exhaustive buy side PA, followed by a hard push down which can be easily capitalized on if you see the pattern in the works. I normally see it work on the 15 min chart, but its a very very rare pattern.
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1st push up failure complete. Chart attached to see how the pattern plays out
 

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Quote from RichardRimes:

we're all waiting for one big ass dip to come along:(

waiting

waiting

waiting

waiting....
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And in the meantime most missing the powerful trend due to fears of playing hot potato
 
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