The power is North... 5 min H&S topping formation in the works.. right shoulder buildout as I type....
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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sickener lol
Just out of curiosity did you start your trading career with money from another business or a larger bank roll?
...but the hourly still has momentum to 2800-2850..
H&S Negated....
How are you assessing that on the hourly?
To be fair in 1989 at age 27 i had about $400k to start with. I was a top insurance salesman and lived at home and saved every penny . So i never struggled like many guys . In 1990 during the persian gulf buildup to the war in Jan 2001 i had been killing it . I stacked huge shorts into the first shots fired. I remember Japan was down 1000 pts and i said yes i'm going to mop up. Stayed up all night and Jan slowly ripped off its lows and turned green. I was helpless as i owned stock and had to wait till the open. We opened up huge and i lost like $55k. It was my first moment of " The mkt doesn't have to fall on bad news". That stuck with me and taught me my first lesson i never forgot.
L 2720
stop at 12
stop at 12
2800ish is close to 50% back up of entire move..the run up from 2450 was 5 distinct waves (impulsive) - 1 more shorter wave on hourly complets a big A-B-C up..
I thought it would sell from 2670 area last night to make a lower low and it couldn't..
& last but not least, 2825 is min target from big IHS bottom (2500-2174=325+2500=2825)
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