ES Journal - 2015

Trend remains up but we are at the highs posted on 10/23. If we close the 4 hour bar above that trend remains intact. If not, there may be some question to it. The 1 min bar at 11:01 was an attempt to put in a high but as you can see as we get close to the last 2 or 3 min of the 4 hour bar, there is a rush to push up. Uptrend remains intact.
 
Last edited:
It doesn't mean we don't sell off from here. What it means is that until trend is confirmed downward, I will only trade intraday from the long side. I do still have a short day trade on that I will let play out.
 
Buy1Sell2 said:
Trend remains up but we are at the highs posted on 10/23. If we close the 4 hour bar above that trend remains intact. If not, there may be some question to it. The 1 min bar at 11:01 was an attempt to put in a high but as you can see as we get close to the last 2 or 3 min of the 4 hour bar, there is a rush to push up. Uptrend remains intact.
More...
True that. On a macro level, we're bullish. But on a micro level, we might have already exhausted our ammos. Probably need to retrace a bit to catch some breath.
 
For example: IF we could have a quick up and down close the next 4 hour bar below say 2060, that would confirm trend reversal. --but right now, trend is up.
 
Or perhaps the Romik (tm) on the 1 min bar is the reversal, but right now you can only consider that possible pullback until full trend reversal would be confirmed.
 
You must log in or register to reply here.
Back
Top