Picking Tops.

Nice to see that someone has the right idea, nice trade Learner. There's many on this board that could learn from you.
 
Quote from Mvic:

Nice to see that someone has the right idea, nice trade Learner. There's many on this board that could learn from you.
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Thanks Mvic.
It is nothing more than " a blind cat bumping into a dead mouse"......purely a coincidence....

Mkts are our teachers

Always a leaner
 
Heads up.....the 1405.00 price level is a major "Market Profile" level, so you should look for short signals with any rally to this price.....

http://www.charthub.com/images/2006/11/24/ES_317_VB_2.png

Also you can see in the next chart there is not a major MP level until 1389.75 (minor level at 1395.75)........

http://www.charthub.com/images/2006/11/24/MP


There will be a fair amount of imbalance at the open for both futures and the cash markets (lots of stops will trigger at the open)....so be ready for some good moves the first hour or two. :)
 
5P
If the doesn't get to 1405 and your delta shift setup happens do you take the trade? And if so do you handle it any different than you would at 1405? I'm guessing you would probably increase the position size at 1405. The mp chart you posted looks like the mp level could start around 1404.
I shorted at 1404.25 on a shorter time frame setup but my lack of patience got out already with a couple ticks. Looking for a bigger timeframe divergence and better entry price.
 
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