ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Another view to this run up is that the first drop was too fast thus creating an air pocket that has to be filled.
Still 870 area stalled the run up, the logical target should be 800 area to form a daily level IHS.
Of course, how we get that is everyone's guess.
If we top here, down side target below 820.
Still 870 area stalled the run up, the logical target should be 800 area to form a daily level IHS.
Of course, how we get that is everyone's guess.
If we top here, down side target below 820.
limit in to short 858
Stop moved to 859
Even though it's a more speculative trade, and is against the current trend, here are the items that I'm looking at.
1. ES is sitting at resistance.
2. Price action was screaming short squeeze.
3. Bonds are sitting on support.
Right or wrong?
We'll see.
I don't want to be stopped out of what I perceive to be a good trade at market exhaustion.
Even though it's a more speculative trade, and is against the current trend, here are the items that I'm looking at.
1. ES is sitting at resistance.
2. Price action was screaming short squeeze.
3. Bonds are sitting on support.
Right or wrong?
We'll see.
Yep, it's speculative to short strong uptrends and buy strong downtrends.
You're never going to really get consistent signals all pointing in the same direction when you do so, by the time that happens, there will already be substantial profit in the trade.
Good trading
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