ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from keeptradin':
It's very tempting to buy this level, but I would prefer to see a test and failure at 20 before going long.
Pulled back just enough there to run the long stops below 22 before popping up again. Lots of trickery going on here...LOL!!
Yeah, trickery is the word.
I have two trades left before I need to pull the plug according to my plan, so I will not trade until I know I can win. I was slightly impulsive this morning and took two bad trades.
The current action looks very deceptive, so I think I need to see the same set-up as you are describing. That could justify assuming the risk.
Right now, it`s too choppy. Believing it can bounce higher from here is simply not enough
This climb will not be easy, bears kicking and scratching all the way.
Yes. Does not look like there is much resistance above until 1251 which is a gap fill.
Personally, I think 30 needs to break first and 20 for a break below.
Lots of support below though.
Quote from Laissez Faire:
Yeah, trickery is the word.
I have two trades left before I need to pull the plug according to my plan, so I will not trade until I know I can win. I was slightly impulsive this morning and took two bad trades.
The current action looks very deceptive, so I think I need to see the same set-up as you are describing. That could justify assuming the risk.
Right now, it`s too choppy. Believing it can bounce higher from here is simply not enough
I had the opposite problem, saw several opportunities but didn't trade them. Maybe we can meet in the middle and post a couple of winners...LOL!!
A move below 22 flushes the longs and gets everyone short, with stops ~20-21. I am buying that level if the setup still looks good at that point.
flat@ 1222.50
What just happened??
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