Just May be the final flush out for impatient Bullys … Trailers hit!
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Just May be the final flush out for impatient Bullys … Trailers hit!
Why you ask since it's not in your opinion?
I think the daily chart is trading in a potential sell zone. That's all I can tell from looking at the daily chart.
That was some spikey action at the high. Maybe some bigger players think it's a good zone for some hedging?
Ready to take an exit on day trade longs if we dip below 77 now. I was hoping FOMO would carry us to 4200, but I'm not uber-confident on that outcome for today. Could of course see a deeper dip and rally later in the session, but that's too uncertain for me.
Nice.
Still holding or taking an exit here?
1/2 at 79.75 hit…. Trailing remainder!
I was asking opinions of others. I don’t think it looks overextended, yet. You think it does, according to your previous post.
99.50 sell limit set…. Trailed at 69.50… will ratchet it tighter as we climb….
Not really.
I'm sure the concept of oversold/overbought/overextended have blown many trader accounts. I'm just recognizing that we're in an area which could trigger a major reversal lower. I see several price targets above 4200 as well, so I'm most certainly not calling a top.
Making a prediction for days or weeks ahead without any QE and in this market climate isn't something I personally would attempt with my skill level at that.
We sure can go up to 4200 today (or even higher in the coming days) but we've had 4 days of constant whipsaws, which is a typical sign that the top is in. So I'm pretty damn sure the reversal is imminent. It's just a matter of time. We'll soon find out.Confidence level...?
Your short entry was excellent and it looked promising for a while, but when we failed to break below the range low at 50 - didn't that change the picture for your original thesis?
Or is this just noise to you on a swing trade?
I think this can go all the way to 4200 today. I wasn't expecting that today, but with 80 tagged and now going through it, it certainly looks possible.
Losing steam here, but still holding above green for the day without dipping too much.
The HOD usually comes in the last hour of the day, so it's not too late. Not worth holding through a deep retrace from here, though, as the day already delivered a good move and tagged yesterday's close.
Trail aggressively if we start moving.
The HOD usually comes in the last hour of the day, so it's not too late. Not worth holding through a deep retrace from here, though, as the day already delivered a good move and tagged yesterday's close.
Trail aggressively if we start moving.
Don't let greed cloud your judgment
Don't let greed cloud your judgment
Already secured a green day on that trailing stop. Gambling 5 additional points on it becoming a very, very green day...
But sure, greed is a factor here.