ES Journal - 2019/2020

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Sekiyo said:
We're maybe going to 3060
Might cover my short ...
But ... IDK

3060 or 2880
I'll take the gamble

-> 2880

Will structure the bet like this
View attachment 221346
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upload_2020-3-6_18-44-42.png


Covered my short @ +1 Pts
Opened a long @ 2930
Target 2970

But there is a descending trend line @ 58
From 3130 to 2975

EDIT.
Went to 65.
Back to 45.

Protective stop @ 31
 
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I do still believe that the open cash gap at 3330 will be filled and likey fairly soon. Market is healthy and there is no reason for the selloff other than a virus that can be controlled.
 
Spooz Top 2 said:
Gotta love those that laugh & scoff at the fibs.
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I learned to use halfway back and midpoints of swings, ranges, and such almost from the beginning as the guy who learned me how to do this stuff made them an important part of his trading plan.

I pretty much use S/R, PA, and the HWB and then found David Halsey's book Trading the Measured Move and that pretty much describes a trading system using 50% & 61.8% as pull back guides and the 23.65 AND 38.2% as profit targets. PA, S/R and fibs work very well together.

I've seen people scoff at the use of S/R and trendlines, yet I know they can be valuable parts of a trading plan.

A lot of people also scoff at indicators (MA's oscillators, etc.) and yet I've seen with my own eyes guys like @speedo us them to turn a chart into an ATM machine.

We all get cocky from time to time and think out way is the best way (or, God forbid, the only way).
 
I posted a question earlier but posted it in the wrong thread lol

A guy I follow shorted the high 40 mins ago at 62.5 ish.
I posted at that time asking why it was a good short here and if there was any obvious technical reason for the short that I was missing (as the guy is a phenominal trader)
Replies were confusing me until I realised i'd posted in the wrong thread lol
 
theapprentice said:
I posted a question earlier but posted it in the wrong thread lol

A guy I follow shorted the high 40 mins ago at 62.5 ish.
I posted at that time asking why it was a good short here and if there was any obvious technical reason for the short that I was missing (as the guy is a phenominal trader)
Replies were confusing me until I realised i'd posted in the wrong thread lol
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upload_2020-3-6_11-23-53.png


Now the more difficult question is where would the price target be (eg. reversal).
 
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