60 looks inevitable now, but I`m in denial 
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from Laissez Faire:
Higher lows are however being made. A gap on the 1-minute chart now. A little enthusiastic, no? Why do they have to keep buying down here
Think I will look to bail if 57 is breached.
I'm not sure if you look at volume profile at all, but ammo's nips, ledges and cleavage can be useful in helping to determine where the market is trying to go, even on a very small time frame they work. You can see multiple "ledges" acting as the major bounce points in both directions. If you are the scaling in type (I'm not), one can scale in at each successive ledge until the desired position is reached.
EDIT: example:
The current 50% level lines up well with the weekly 50%.
Potential reversal point?
Potential reversal point?
Thanks, bigsnack.
I`m not the scaling in type myself, but I think market profile could definitely be valuable, so I would be interested in utilizing more of that in the future.
Still in denial here.
Currently have the opportunity to get out for 6 points, but I think if I were flat, I would have still looked to enter a short around 1160.
I`m keeping the trade on, locking in two ticks @ 63. We`ll see if that is foolish or not soon enough
I don`t feel too strongly about it though.
GordonTheGekko
Guest
Quote from Laissez Faire:
I tried to load the journal for 10-15 minutes now without any luck. What a joke
55 was a very natural point for price to bounce and let any late shorts enter, but only a bump in the road I believe.
The T-Day Boyz can work their magic after we fill the gap
Had the same issue
Looking for a gap fill from R10 area of 65-67 on cash
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