Done: 67 RT - 1226. Opened up second part of system today.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Well, my ST cycles are down hard tomorrow but then turn up hard for Friday (and VX cycles are exactly the opposite). I don't trade on those alone but just putting that out there in case it happens that way. I still expect to be up on the week so I'm still long.
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Don't you see the similarities between two boxes that I've drawn on the chart above? Is it only me?
What he means (I think) is that yes, the boxes look very similar to each other, but what happened after may be very different from the last time, because
A. The GDP could be wildly above or below forecast...
B. Last month's GDP did not happen during earnings season which peaks soon going forward. Not to mention a FOMC which may come in dovish.
Not really.
1) BOTH boxes don't appear to be based on high AND low of the content.
2) The first box content has a "pipe bottom" as part of the content followed with a HH, LL, and HH.
So not really sure what you are expecting. The 2nd box is not the same IMO.
It's my view that the weekly cash close is the most important information that a trader can consume and analyze.
I see it, but I would suggest that the earlier box was part of a Head and Shoulders topping pattern that I don't see now. Interested to see what your opinion on that is.
Although a slightly different approach, my weekly indicator signals are most triumphant (Excellent!) and given that they are suggesting that we are up on the week, then I want to stay long regardless of my ST signals. Your approach tends to be more of a confirmation approach where mine tends to be more of an anticipation approach. Different strokes for different folks.