Wouldnt you just need the 2, 10 and 60?
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
We don't always get book perfect indication of intentions. Ok, we didn't close below last week's low, yet we also failed to close above last week's high. I am seeing confluence of multiple indications, they may not be book perfect, life isn't perfect, we still adapt to various parameters of its imperfections and choose positive outcomes on most occasions, do we not?
There isn't an outside bar on weekly then.
Ish, I had a few glasses of red, right now I am all philosophical, I couldn't tell you for certain
How does monthly look?
I don't like the way MACD looks on that time frame, it suggests weak sentiment. I think you are very wise to reduce your long term investment portfolio at these levels. I am in no position to declare any statistical probability of a sell off, I am merely 'looking at the painting from a distance'.
Do we also have a range?
Because an outside bar reversal inside a range has a completely different context. For instance, buy low, sell high as long as the range holds.
This range is preceded by an uptrend giving better odds to a failed breakdown to come to the downside and a true breakout to come to the upside.
Signals per se have different meanings as they are correlated to context.
**EDITED for clarity
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With that chart in mind, what is your perception of the next direction of the market?
Edited my post above, but a "failed breakdown" aka a bear trap, or breakout to the upside.
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significant economic data this week may add to volatility.
my longs look good still?
this week be fun trade
my longs look good still?
this week be fun trade