lol
I know the feeling!
stick with it brotha
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
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lol
I know the feeling!
stick with it brotha
Double top and potential wedge formation.
I was not planning on taking any more trades today, but a potential trade is setting up.
If the wedge formation plays out successfully and breaks, a short toward the daily lows might be worth taking.
A failed double top may also set us up for a run back towards 1150.
Inside the wedge is a dead zone for me though. Will need to see price trade outside it first.
Opinions?
If the wedge formation plays out successfully and breaks, a short toward the daily lows might be worth taking.
A failed double top may also set us up for a run back towards 1150.
Inside the wedge is a dead zone for me though. Will need to see price trade outside it first.
Opinions?
I'm an addict posting from a BlackBerry. What are you?.
Quote from SrRuthenate:
I'm an addict posting from a BlackBerry. What are you?.
I guess I`m an addict myself then. I was on the way to the gym, but got sucked back in
I'm not even close to a chart...but I know you made more points than 99.9% of the guys still fighting over the friday lunch doldrums...You really want to give it back?.Quote from Laissez Faire:
I guess I`m an addict myself then. I was on the way to the gym, but got sucked back in
Quote from SrRuthenate:
I'm not even close to a chart...but I know you made more points than 99.9% of the guys still fighting over the friday lunch doldrums...You really want to give it back?.
I`m always willing to risk a few points if the trade looks good and I have a 16 point cushion for the day, so I can afford a few points
But I do get your point
Great observation
All momentum is gone. Bulls have lost control on all time frames below the 30 min chart.
Order Flow is Dead
Issues aren't budging.
All I can saw is on the 5 min chart we have a support level at 1132.75 and the last time we touched that was exactly 2 hours ago. We bounced off it but order flow long did not pick up.
1132.75 is outside of your wedge area and if order flow supports it will be a short.
Bulls still have not got back above 1140.75 but the bulls have not struck out yet.
They still have bases loaded and the last hour of the day could be interesting either way.
Sold 1133,50. Stop @ 1136,50. Targeting the daily lows.
Will quickly scratch if it is a fake break.
Will quickly scratch if it is a fake break.
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