If today can close green I'd say we have a potential swing low in place for now. One hour left, so let's see how it plays out.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Not sure if ur addressing me … if so, I won’t claim it as I didn’t post short entry at the time I was hit… I set and forget it with 18.50 sell limit w 7 handle stop…
By the time I realized I was hit , I was up nicely w plenty of cushion…
Just speaking generally adressing mostly myself and others finding themselves in a similar situation.
If you're holding a long looking for a swing trade - how do you factor in the short term reversal signals, i.e., a double top?
And if you're short - how do you factor in the short term reversal signals, i.e., a double bottom?
It's of course perfectly possible that right now is not the best time for initiating a swing trade as the market seems to be swinging wildly in both directions still.
It does however take a great deal of conviction to hold a swing trade through all these gyrations.
Potential sell here at 50% retrace off OVB on the 5 min... too late in day for me to take/ Initiate...
Both longs and shorts getting trapped today, I think. Range bound market.
I think today's close should hold some significance, though.
Thats what I was going for, but it got stuck
As soon as I hear news about Russian's attack by this Wednesday, I turned on my computer... My trading system isn't showing bearish signals yet to suggest market going to crash.
Maybe like you said, market is trading in a range.
Potential TL Kiss from under sell set up as well......