Bah... give or take a couple hundred
(woops... made the mistake of disregarding the hundreds place since the ES was so accurate)ES was mighty close though, good call by Synic still.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Bah... give or take a couple hundred
(woops... made the mistake of disregarding the hundreds place since the ES was so accurate)ES was mighty close though, good call by Synic still.
someone wanted to hold off the channel breakout for another day. Thats the price action you saw.
I'm looking to see if we can get a little rebound up to 1427.50 to test the trendline that has rejected the 3 past rally attempts. It feels like stepping in front of a train, but the trendline has a pretty good track record of shutting the bulls down so it seems worth the R/R to get short there with a tight stop.
if you look at world markets, currency markets.. there is a lot more pain left with the trends breaking.
it means further unwinding and redemptions globally.
it means further unwinding and redemptions globally.
Thanks, but I am only following the principles that others have set forth. In particular, the so-called Trident trading strategy, perhaps the most widely followed commodities strategy in the 1970's. In strong volatile markets, I think Trident works well.
Formula is this:
P1 + P4 = P2 + P3
P1= pivot high
P2=swing low
P3=swing high
P4= target
long at 1420.5
stop 1418
sticking my neck out on a rule of 10 knife catching contest
:eek:
stop 1418
sticking my neck out on a rule of 10 knife catching contest
:eek:
- Status