Pushing higher, but no follow through yet and reversed nicely off the highs.
Short @ 1173. Stop @ 1174,50.
Tight stop since I`m trying to pick a top.
Short @ 1173. Stop @ 1174,50.
Tight stop since I`m trying to pick a top.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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That`s the spirit
68,5 would be the 50% retracement of this last leg up and also the breakout point from the channel.
If I were scalping, I would have taken an exit here, but I`m betting that my breakeven stop is safe and hoping to swing this one to the emg target
If I were scalping, I would have taken an exit here, but I`m betting that my breakeven stop is safe and hoping to swing this one to the emg target
Stop 77
Short 70.50
Target 56
FoN
Short 70.50
Target 56
FoN
Thanks.
Believe me, I was tempted to short when we were trading down in that channel, so I`m satisfied with that.
I hope that this leg up culminated at 71, which would be the 50% retracement of the last leg down.
Low volume chop mode here for a while?
Tempted to take profits @ 66, but could not pull the trigger. Still lot of time left to reach the emg target, so I guess trading back to 72 is not out of the question even if we ultimately head lower.
Tempted to take profits @ 66, but could not pull the trigger. Still lot of time left to reach the emg target, so I guess trading back to 72 is not out of the question even if we ultimately head lower.
Exited 68
Reversed Long 68
Stop 60
Target 90
FoN
Looking for a 62 print from 75-77 on cash
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