ES Journal Archive (2006 - 2008)

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trading between 1350 and the 15 min trendline on the top
order to sell on a stop at 1349.50 (stop 1352) done at 49.25

covered at 45.25
 
"I told you"

Today's price action could hardly be considered a "big rally" for your timeframe, so ...you told what exactly storm? You've been holding your position underwater for several days now, and sure, you'll be right eventually, but .. your "calls" are worth nothing without proper timing. That view is not what trading is about, it's what blowing up is about.

I agree with apex here - despite the RTH gap up, today's price action has been mostly indecisive intraday and the indecision has come in at an important point.

Nothing remarkable to the upside is gonna happen until 1369-1373 area is closed above on 30min charts. The current price action (turning around several points below my 2nd key zone) is not comfortable for me and not part of my trading plan, so that's why I'm staying away and trying to spot some new patterns to learn from.


I suggest you do the same.


BTW.. my god, you really are a contrarian indicator, storm.. you're back under water again by now.. Doesn't this tell you anything at all about yourself?
 
RTH gap fill in progress.. Hats off to you apex, for the work you've done to understand these setups and such powerful price zones.
 
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