nor was i saying he looked like a penis in a tiny hat, just saying no cryingAre you suggesting trading is a gender segregated game? You, Sir, are wrong!
ES Journal - 2014
- Thread starter murica
- Start date
Well, you trade off indicators and TA from what I understand, and I trade off supply and demand imbalances.
10:10est 1 min bar, and 10:10-10:15est 5 min bar show too much strength for a normal retracement before more down. Between 10:10 and 10:16, 6 of the last 7 1min bars were upticks. This tells me a POSSIBLE change in demand and supply is occuring.
10:48-10:49est 1 min bar is where the market should have failed with the red down bar, but it doesn't, thus trapping many shorts. Always look to see what SHOULD happen, immediately following a wide red bar closing at lows (further weakness), and then watch what actually happens (market doesn't push down). When u see a market NOT pushing down following one of these bars, there's excess demand in an area where we normally shouldn't see demand. This allows for the shorts to get "trapped" as one poster put it last week.
10:55-11:00est 5 min bar confirms the strength. Many posters will accuse me of hindsight analysis here, but I dont care. Today was a great price action day to learn from.
EsKiller: If you really want to understand today's price action, go back and look at Friday's price action after 10:30am. With careful analysis, you might figure out today's price action in a more detailed manner.
If you are really interested in learning more, look at Apr 02, and Apr 03 price action. See the difference between Apr 03 and today's price action, and see why Apr 04 result might not be a possibility tomorrow.
All the best!
scratched YM on that last dip.
this ES & YM chop last few hours is a killer. NQ has pin action but i'm scared because of disparity with other indices. 
short YM 16727 sl 16757 trgt 16685
try this short again.
try this short again.
I'm not trying to figure anything out, I was helping Luke understand today's action so he won't short that type of action again
Oh, sorry. I miss understood your post. My bad.