That would support drop down to low to mid 1600s, right down in the same area with demand on the profile chart. To me friday had the feeling of distribution with the orderly grind up and volume. Maybe 1800 is tested sunday night or monday open. If it closes below 93.5 that is sign of direction we r heading.
ES Journal - 2014
- Thread starter murica
- Start date
That would support drop down to low to mid 1600s, right down in the same area with demand on the profile chart. To me friday had the feeling of distribution with the orderly grind up and volume. Maybe 1800 is tested sunday night or monday open. If it closes below 93.5 that is sign of direction we r heading.
Just a bit more than 10% correction territory. All lining up, to go to be true.
if you look at that bell curve(changes for each timeferame) 1732-37 to 1814-17, we broke above the 1787-93 nip(res) and could possibly revisit the 14-17 cleave,have to see if that 96 ledge holds, then drop back to 87-93 nip, then see if it holds
wondering why you selected 9 month, daily versus 3 month, daily. my thought is SPX traded above 1800 past nov 18 so when assessing profile above that level only use the 3 month data which is pertinent...just a thought but seems like it gives more definition when looking at the data.
here it is with fib retracements
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i try to include start of move we are in,so i can see where it is in relation to its bell curve, tos has daily up to 180 days and monthly increments of 1,3,6,and 9 months,
for those working on ego check,which should be a fulltime job if you are a trader, it's an achilles heel that goes up and down with p/l and should be eliminated like bacteria to your thought process,deductive skills, rewrite this to say...............
try to include start of move we are in,so you can see where it is in relation to it;s bell curve
for those working on ego check,which should be a fulltime job if you are a trader, it's an achilles heel that goes up and down with p/l and should be eliminated like bacteria to your thought process,deductive skills, rewrite this to say...............
try to include start of move we are in,so you can see where it is in relation to it;s bell curve
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time will tell but the last 2 days could be potential dead cat bounce
Scalped a small profit long on Sunday since I will not be able to trade on Monday. Looks like some other traders are trading now too. Waited to make sure market was moving and checked that Monday was not a holiday. Seems ES right now is easier for me to trade than CL so may just stick with it since I don't like the rapid spikes in CL.