ES Journal - 2019/2020

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no gas, its that time of the day. done for today. too slow for a scalper to perform efficiently without risking his hard earned dinero.
 
the weekly chart also closed above the old ATH
bears need more than that

check out, what happened to the last outside bar on the daily RTH/or index chart
all attempts to reverse ended up as a PB
in CH you often get expanding triangles (XT) as a PB, taking out some minor HL to shake out a couple of weak hands

I call those CXT - a Channel Expanding Triangle

2019-05-03_2247.png
 
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tdeu said:
looks like some took 2x their risk as a target
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@45 i calculated it as a key level for bulls to show aggression and they tried, if they succeeded, 52.5 would have been attainable, but bulls lost momentum and bears were as determined to push the price down below 45.00 my very big reward to risk was logical to me. But i always keep my finger on trigger as i am sure my nerves would never let me enjoy the ride even if price was destined for 52.50. so is the saga of me and my nerves.

And not sure of other time frames, if it shows up or not but on 1000 tick candle
chart the slight bounce @ 45 favored the bulls ( momo play) the bears had to work extra hard to get the price lower(candle formation).
So naturally i was on side of the bulls when i called out for breakout play
for another move up which did happen but was slow as snail as it had higher probability at that time.
 
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