ES Journal - 2019/2020

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speedo said:
lots of ways to basically see the same thing
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Indeed, I reversed and put on a short here at 3022 though, it's at the top of a trending channel on the 1m and a potential for a tripple top ascending triangle pattern on the 1h.

If the short sticks im adding another 2 on the way down to 3008.
 
I traded with a woman years ago, Victoria Pearson. She had been an associate of Linda Raschke. She used to say "support and resistance were meant to be broken. She didn't mean they weren't relevant but that expect them to be broken when price is trending.
 
speedo said:
I traded with a woman years ago, Victoria Pearson. She had been an associate of Linda Raschke. She used to say "support and resistance were meant to be broken. She didn't mean they weren't relevant but that expect them to be broken when price is trending.
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Sounds reasonable, I mostly use S/R when price breaks through and then look for a retouch as close as possible to add a position. One of my many mottos are adding positions as close to where you will be proven wrong, so that even if you get the trade wrong you won't lose too much.
 
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