ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Imagine what will happen to Monday trading across the world if we do not close positive today.
There will be probably be no market by then.
There will be probably be no market by then.
a wedge is a reversal pattern so I was implying we might get a spike up ~20 pts minimum. Sometimes it works sometimes it doesn't but its the small stop with large profit target that makes it so useful.
60 minute.. has
940.. and 1100 as downward trendline projections.
940.. and 1100 as downward trendline projections.
anyone look at the lot sizes that led to the 920 hit..
the same participants who took it down took it up.. and no it aint a single hedge fund.
the bar is just being moved with capital being recycled in the process to keep moving the bar. When you have fixed amount of funds, you need to recycle the capital to be able to control prices in the future.
the same participants who took it down took it up.. and no it aint a single hedge fund.
the bar is just being moved with capital being recycled in the process to keep moving the bar. When you have fixed amount of funds, you need to recycle the capital to be able to control prices in the future.
Theres a fine line between a wedge and channel. This certainly isn't the most textbook wedge... shit I'll give you channel on this one
Main idea with a wedge is that the trend-trader-sellers can catch it on bounces but only have enough follow through from larger market forces to push it a small amount past the last bottom to take out those long stops. The extents of the bounces and "depth" that it breaks through the previous pivot make a big difference in the setups... in case anyone was interested in studying the setup.
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