I take it you got stopped out for 42 pt loss? Never saw an update later in the day.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Hey Spy I've got a question for ya.
I can reason the bottom light blue trend line but I'm trying to understand the basis for your placement on the one above it? Looks like it starts from RTH open on Monday and tags Wednesday's AH low.
Just curious what makes you drop a line there.
Thanks!
For journal integrity purposes, yes
it's based on a method I learned called Wolfe wave. left side of line anchored at today's low rising up at probable supply glut places
ES Daily 24hr
If tonight/tomorrow gains steam on the downside, channels suggest 3142 and 3085 as retrace targets. Remember, channels are dynamic in that they slope. These channel price levels will increase each day and the up-slope channel is and will remain intact. We have however broken one of the faster visible fractals on the daily. The different style/weights of lines is my way of looking at fractals. Volume is intentionally not shown as the mere sight of it will cause confusion and vomiting.
3142 and 3085 are less than .5% away for confluence with Naked POC levels 3154.25 and 3104.25 respectively, mentioned earlier. Adding another POC level below not yet mentioned, 3063, is also less than .5% from the 3085 channel price.
One thing is certain for the 24hr daily chart, Friday, 7/24/20 WILL NOT BE AN INSIDE DAY. It is impossible at this point.
Good trading to all!
If tonight/tomorrow gains steam on the downside, channels suggest 3142 and 3085 as retrace targets. Remember, channels are dynamic in that they slope. These channel price levels will increase each day and the up-slope channel is and will remain intact. We have however broken one of the faster visible fractals on the daily. The different style/weights of lines is my way of looking at fractals. Volume is intentionally not shown as the mere sight of it will cause confusion and vomiting.
3142 and 3085 are less than .5% away for confluence with Naked POC levels 3154.25 and 3104.25 respectively, mentioned earlier. Adding another POC level below not yet mentioned, 3063, is also less than .5% from the 3085 channel price.
One thing is certain for the 24hr daily chart, Friday, 7/24/20 WILL NOT BE AN INSIDE DAY. It is impossible at this point.
Good trading to all!
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Love this stuff. So detailed.
I for one would like to see one with the volume on it at some point if you'd care to share. I'll risk
so long as I'm learning something of value.
You bet man....look at that move down from 8 pm highs.
Appears we are now in the "long and wrong" phase of this market.
..
Yeah, he's F*ing toast on that trade....but he's got a million dollar account..so no big deal.
B1S2's "long only" position stil remains valid.
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