Stppd
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Stppd
All out
Hope Pek can post, because he might see something I don't
Maybe you see something completely different, I am only assuming that even if you referenced November high, that you are trying to see some sort of double top formation.
IMHO, I think you'd do better to assume weekly High established at the beginning of this year is the first top area, which price has been attempting to test.
A test of that area would have to reject prices and create retrace down that stops 830 - 797 area and then reverses higher. If there is a swing low in that 830-797 area, (as I understand it), from that swing low, add the distance from 930 (roughly top at begin of Jan) to 663 (roughly bottom in early march,
diff is 267 points (would be added to swing low failure IF prices retrace from current levels)
Hope this helps.
Hope Pek clarifies
Hope I didn't misinterpret your view of the chart.
Maybe you see something completely different, I am only assuming that even if you referenced November high, that you are trying to see some sort of double top formation.
IMHO, I think you'd do better to assume weekly High established at the beginning of this year is the first top area, which price has been attempting to test.
A test of that area would have to reject prices and create retrace down that stops 830 - 797 area and then reverses higher. If there is a swing low in that 830-797 area, (as I understand it), from that swing low, add the distance from 930 (roughly top at begin of Jan) to 663 (roughly bottom in early march,
diff is 267 points (would be added to swing low failure IF prices retrace from current levels)
Hope this helps.
Hope Pek clarifies
Hope I didn't misinterpret your view of the chart.
So you risked at least -10 for a 3 point gain?
Not credible.............
ALGOS too fast for my eyes...can somebody please switch them off ? Thanks ! 
out 900
Learn to count
R10 boyz are on your side.
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