ES Journal Archive (2009 - 2010)

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Guys... do most of you take trades AT price levels (NQ 2000 and 2022 today) OR do you wait for the reversals? With the volatility it is slowly seeming to me you may as well take a stop out (NQ 1997 or 2025) rather than wait for the reverse and risk the retest to the price level (which happens whenever it pleases). I was waiting for the 2k retest and trade got complicated as it never happened.. then the long just over 2011 got complicated to say the least by THAT spasmodic flailing (could have sworn there was news somewhere)..

The departure from price levels sometimes so quick a reasonable stop is immediately impossible.
 
Believe it or not, TF is on its way to making a triple top. Ut made a new high yesterday. BTW, I do not believe in triple tops/bottoms. They hardly ever hold!
 
Quote from rock34748:

get ready for the waterfall down below 80/78 as I'm about to bail out of my short. That's often a decent short signal too. Maybe I'll pretend like NoD suggested :cool:
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98 and above sell zone.

May not be suitable for day trade.
 
NQ Chart.. Posted this a while back.. In the last year every time NQ 5 day volatility rose over 28-ish a decline was imminent.. Usually a TL was broken also.. Increasingly higher volatility tops indicate next break should be quite large but volatile range should continue for a few days..
 

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Quote from volente_00:

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92



DEMTDAYBOYZ smell blood at 1202
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Agreed - but I think they will sell it under 92 to get new sellers in (read: stops above us) and shake out weak longs.
 
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