ES Journal - 2019/2020

Status
Not open for further replies.
syswizard said:
Indeed. I've never seen so many traders infactuated with this one pattern....H&S / IHS.
There just can't be that many of these patterns appearing intraday, can there ? Maybe one or two ?
And what about the Cup And Handle pattern ? No one ever mentions it.
https://www.investopedia.com/terms/c/cupandhandle.asp
More...

Infactuated??

These are very frequent hi % setups... IHS are extremely powerful setups & appear on all TFs..
as a matter of fact... It was an IHS that took us up here with a breakout from 33... you may want to start paying attention to them & hunting them... 2,5 & 15`s fyi..................
 
syswizard said:
Indeed. I've never seen so many traders infactuated with this one pattern....H&S / IHS.
There just can't be that many of these patterns appearing intraday, can there ? Maybe one or two ?
And what about the Cup And Handle pattern ? No one ever mentions it.
https://www.investopedia.com/terms/c/cupandhandle.asp
More...
Consider what is is. In an uptrend, it's a high followed by a higher high followed by a lower high. Based on your competence at reading price action, the LH can be an entry for a reversal. The neck line is a trend line connecting two swing support points and once broken.....Like any setup, it is not a sure thing as many such patterns are merely consolidations. When they are reversals, measured moves are common. Just recognizing a pattern is not enough, you have to understand and recognize price development and see such things in context. Some might simply refer to it as a lower high trend reversal....vice versa of course on down trends. They hold much less meaning in a trading range.
 
Last edited:
I have Bloomberg TV on during RTH.
I can tell you this: the hype and hoopla lately has just been phenomenal:
1) vaccine news - hopes are very high
2) tech stocks skyrocketing despite valuations
3) new ATHs for some tech stocks; analyst upgrades
4) gold going thru the roof - 9 year highs; Silver up 10% in 3 days !
5) US dollar going to zero
6) crude oil moving higher despite China drowning in oil
7) huge EU stimulus program approved
8) new USA stimulus program coming up
9) Asian stocks soaring

My gosh, it's just too much. I've never witnessed anything like this.
What happens if the music stops ?
 
syswizard said:
I have Bloomberg TV on during RTH.
I can tell you this: the hype and hoopla lately has just been phenomenal:
1) vaccine news - hopes are very high
2) tech stocks skyrocketing despite valuations
3) new ATHs for some tech stocks; analyst upgrades
4) gold going thru the roof - 9 year highs; Silver up 10% in 3 days !
5) US dollar going to zero
6) crude oil moving higher despite China drowning in oil
7) huge EU stimulus program approved
8) new USA stimulus program coming up
9) Asian stocks soaring

My gosh, it's just too much. I've never witnessed anything like this.
What happens if the music stops ?
More...

nintchdbpict0002661315291.jpg
 
Status
Not open for further replies.
Back
Top