Out at 3702.25 for gain of 30.75 pts.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Looks good for a long from 91 to 3700 from here.
Odds favour a hold above 88 for today, but a dip much below 88 on the Open would negate that.
Odds favour a hold above 88 for today, but a dip much below 88 on the Open would negate that.
Double top to the tick. Those are rare.
I'm thinking a run towards 3700 and maybe even ATHs on the day. But it's a FED day, so you never know. Could roll over as well.
Epic BOT-fight here around the 50 % RTH and Prior Close. Coiling up for a big move higher or ready to roll over?
Sure. Definitely worth paying attention to.
But on a move-by-move basis - not so sure. And often you'll have multiple moves on your chart. So, do you look at the 50 % of all those...? Suddenly, you have a lot of lines on your chart which all can 'matter'. I've done some work on the distribution of retracements on 'major moves'. There does not seem to be anything magical about the exact 50 % retracement as far as I can tell.
I pretty much only use RTH charts/values for my analysis, but I know other profitable traders would disagree with that...
50%PB by itself is not effective. however, 50%PB with the suitable context can be effective. The context can be used to decide whether to use any 50%PB and which 50% PB should be used if do use one.
"So, do you look at the 50 % of all those...? "
There are always multiple time frames which can be used to get different numbers or different lines for the same terms such as 50% PB, trendline and swing high/low. Therefore I feel the question is not just for 50%.PB.
Thanks.
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nice trade. If you were trading 03-21 ES, then there is prob a typo here. The high is 3701.75 in my chart. Or prob you were trading 12-20 ES.
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Agreed. Context is key.
The best entries are when multiple signals/time frames align.
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