Trading that high, I would start leaning towards a long instead?
Should not trade much above 1209 if we are to go lower, if trading above at all.
But that is of course my opinion and I welcome others
ES Journal Archive (2011)
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Trading that high, I would start leaning towards a long instead?
Should not trade much above 1209 if we are to go lower, if trading above at all.
But that is of course my opinion and I welcome others
push your chairs back 3 feet, see the big picture.
don't get lost for all the trees.
don't get lost for all the trees.
Quote from Laissez Faire:
Trading that high, I would start leaning towards a long instead?
Should not trade much above 1209 if we are to go lower, if trading above at all.
But that is of course my opinion and I welcome others
Here is how I was seeing it:
http://screencast.com/t/s6hH4wqwpgfn
adding short @ 1205
Still short one contract. Adding 1 at 1212.75 and another at 1216.
Heading out for golf. Too nice out to sit and get chopped up.
Good luck all.
Heading out for golf. Too nice out to sit and get chopped up.
Good luck all.
Not sure if I understand how you draw those boxes, but you were betting on a failure at the top level of that last box?
I saw a failure at the current 50% level. If we had broken above and found support there, I would be thinking long.
New lows! It has begun
The question is whether we will reverse after the gap fill or if we have potential to trade all the way down to Thursday`s lows.
While the recent average ranges contracted a little last week, it is still a reasonable target if we don`t reverse.
The question is whether we will reverse after the gap fill or if we have potential to trade all the way down to Thursday`s lows.
While the recent average ranges contracted a little last week, it is still a reasonable target if we don`t reverse.
S2 = 1202.
A pullback to the prior support @ 1203 could be a nice entry for late shorts provided one is comfortable assuming the risk in relation to the possible rewards below
A pullback to the prior support @ 1203 could be a nice entry for late shorts provided one is comfortable assuming the risk in relation to the possible rewards below
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