ES Journal Archive (2011)

Status
Not open for further replies.
I tried to ask about targets earlier, but it seems like everyone is as clueless as me. :)

1205-1200 first?

Not any selling at the lows here yet. NQ also put in a very visible higher low.

That may simply be a trap or lagging behavior, but worth considering.
 
Let`s say I was short now. Maybe that NQ higher low made me take profits at the low.

I watched that very sign one time I had over 10 point in profits, but my greed was stronger than my rational mind so a large part of the move retraced on me as I kept hoping for 20 points.

So, taking profits at the lows and getting back in, after it breaks, may be the right thing to do in such a situation. :)

Just saying :p

The bounce could after all just be a postponement of the inevitable.
 
Quote from Laissez Faire:

I tried to ask about targets earlier, but it seems like everyone is as clueless as me. :)

1205-1200 first?

Not any selling at the lows here yet. NQ also put in a very visible higher low.

That may simply be a trap or lagging behavior, but worth considering.
More...

Your mini-TL break is holding ... keep your shorts on. :eek: :)
 
Quote from tomahawk:

Your mini-TL break is holding ... keep your shorts on. :eek: :)
More...

Too late, I chickened out. :)

Waiting for a break of 1210 now, if it happens. Could set up a nice long from here as well, I guess.

Have you done any stats on the t-day theory?
 
Quote from ammo:

es 1 hr nip is 1194, 3 year is appx 1188
More...

Thanks, ammo. emg target 1189 if I remember correctly. :)

Treacherous price action here. I would bet on lower though, but waiting for the break should leave out the guess work.

If we can trade down to 1188 today, that is a very nice R/R on a trade. :cool:

The higher low divergence on NQ from earlier just got taken out now as well.
 
Status
Not open for further replies.
Back
Top