ES Journal - 2019/2020

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newbie463 said:
Question:
after you mentioned that ascending triangle, I looked carefully at it. You mentioned the am high as the target. was that because it was the resistance line?

when I looked at the 5min 1215 high (74.5) and the 1315 higher low (56) I began to project the resistance line of 72.5ish plus the difference of the values above (18.5) for a 91 target.

does that agree with your logic or make any sense?
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that tgt was simply width of triangle - then tack value onto breakout....you know the basics we all learn in our first year then forget and re-member later;)

10 pts added to 65=75
 
Relentless said:
Target?
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Didn't have a downside target to offer up really, just knew it would be lower by morning.

I penciled in that 3093-3094.25 as the top on a spike. Looks like it went down first from my 3085, but sure enough, up it went to 3093 and change. That was the place to put the order. But ya never know, news could have broke... Europe cures Covid... and it would have been a losing trade, depending on your stop. As it stands, the pencil was good for 27 points as I type.

Typical night where a sell-off is in the air, but there's nothing but light volume. Retail players get churned by the computers that have all the #'s and know how to trigger those stops, long and short.
 
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