ES Journal - 2019/2020

[Laissez Faire]

Double top and TL breached - but found support at the 50 %.

Trying a long from 3055 with a 10 point stop.

EDIT: Target would be 3127.

 

[NQurious]

I just cannot understand why people continue to think the media drive the market.

Because the market remains a riddle and a mystery to them and they don't have the curiosity to discover the truth for themselves.

 

[theapprentice]

Didn't you say you don't use the measured move if it retraces past the 61.8% retrace?
thanks

 

[theapprentice]

L 3054.5
10 point stop

looking for close to 3080 if it works out, although would likely cover earlier lol

 

[Laissez Faire]

Double bottom at the Open - let's see if that can hold for a strong leg up from here.

If not - maybe 3000 below by the Close?

 

[NQurious]

Didn't you say you don't use the measured move if it retraces past the 61.8% retrace?
thanks

Yup, but when the market prints a higher low you have to MM for a second leg up especially when the MM takes you the 50% of a larger swing ...

 

[NQurious]

the MM takes you the 50% of a larger swing ...

Call me short at 3048 and target 3015

 

[theapprentice]

Long is based on the 50% retrace btw

 

[themickey]

I don't know how accurate this is, but NQ rising, ES, stalling, should catch up soon?

 

[Laissez Faire]

TICK is trending higher and NQ almost at the HOD again. Maybe I'm talking my book - but not a strong short signal to me.