ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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careful with this move,....with the sentiment backdrop...retail will be looking to short it as it moves higher.
the retail orderflow will perpetuate the inexplicable move up.(trend)
the retail orderflow will perpetuate the inexplicable move up.(trend)
240 target..........
I am now short usdchf got filled entry on a reversal bar breakout on daily chart at 1.154... this may be premature but risk reward is 15:1... thats only for first target...
stop placed 2 ticks above prior daily bar high
I will post a video that I made a few days ago for my own records in anticipation for this trade if people want to see it.
I am also fully out of my eurusd short position and switched back into carrying euros... will get out if we break prior days low.
stop placed 2 ticks above prior daily bar high
I will post a video that I made a few days ago for my own records in anticipation for this trade if people want to see it.
I am also fully out of my eurusd short position and switched back into carrying euros... will get out if we break prior days low.
the levitation act is in progress......powers that be are keeping us afloat until after the new year....then looking for all hell to break loose in U.S equities & indexes.
one can feel the desperation attempt as we are heeaaavvvyyyy here....no doubt......looking for phony strength & leg up to sell into & lock into mosty likely till summer of `08...piecing in in 1/4`s.
looking for Hades & perhaps one of the best moves ever seen for shorts......100 handles south will quickly become 200 in a blink of an eye,imo.
no day trading for me but all out conviction at 3 key overhead levels.....GL
one can feel the desperation attempt as we are heeaaavvvyyyy here....no doubt......looking for phony strength & leg up to sell into & lock into mosty likely till summer of `08...piecing in in 1/4`s.
looking for Hades & perhaps one of the best moves ever seen for shorts......100 handles south will quickly become 200 in a blink of an eye,imo.
no day trading for me but all out conviction at 3 key overhead levels.....GL
the wave structure is pointing to new highs ..1620.
the problem price action is indicating is that too many people get lined up for the 'crash', at the first indication, and further orderflow is not there since it gets positioned instantly almost.
since orderflow drives price movement, the optimal plan has been to engineer price action to look like as if its going to crash then quickly avert it and goose the retail orders.
the problem price action is indicating is that too many people get lined up for the 'crash', at the first indication, and further orderflow is not there since it gets positioned instantly almost.
since orderflow drives price movement, the optimal plan has been to engineer price action to look like as if its going to crash then quickly avert it and goose the retail orders.
in essence the 'bears' lost the opportunity to crash the market, when people weren't expecting it, now everyone is expecting it, till that expectation gets reverted, its less likely the market will crash, unless NFP numbers come in terrible.
plus the FED is in a easing cycle, (don't fight the FED),..
plus the FED is in a easing cycle, (don't fight the FED),..
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