S/R Emini Journal

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Quote from romik:

Hey, come on, is this a trade forum or what? LOL In my profile.

Speaking of trading, what did you think of my reasoning for ES hitting 1340?
 
Quote from 4re:

Speaking of trading, what did you think of my reasoning for ES hitting 1340?


1335-1340 will be seen by year end.

We will pullback to 1270 worst case before we move up. There is still a gap at 1285 that needs to fill.
 
Quote from 4re:

Speaking of trading, what did you think of my reasoning for ES hitting 1340?

I do not have a PT on the possible upside, though that would be resolved after we brake the recent highs, otherwise double top into 1297 and as B1S2 suggests 1291.50 recent reaction low based on 240min TF.

Here is an update on today's price action so far as I see it.
 

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Quote from romik:

I do not have a PT on the possible upside, though that would be resolved after we brake the recent highs, otherwise double top into 1297 and as B1S2 suggests 1291.50 recent reaction low based on 240min TF.

Here is an update on today's price action so far as I see it.

Do some people draw the lines off of closing prices or is the high/low the only correct way to do it. At least is it the most accurate, in your opinion.
 
Quote from volente_00:

1335-1340 will be seen by year end.

We will pullback to 1270 worst case before we move up. There is still a gap at 1285 that needs to fill.

Fair enough then I might be wrong. I was expecting the up move first then back down into October. It doesn't really matter though as long as we get out of this choppy mess we are in right now. After these last couple of weeks I think I know how a cow feels when it gets stuck in the mud.
 
Quote from belavia:

Do some people draw the lines off of closing prices or is the high/low the only correct way to do it. At least is it the most accurate, in your opinion.

I always suggest using the high/low. Those needles are very important for me and the way I trade.
 
Quote from 4re:

Fair enough then I might be wrong. I was expecting the up move first then back down into October. It doesn't really matter though as long as we get out of this choppy mess we are in right now. After these last couple of weeks I think I know how a cow feels when it gets stuck in the mud.



This will change next week.
 
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