Yes, I already know that. But then I wouldn't be able to post these charts with annotations in as real time as possible (now can I?
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Trend or Range: How to Know in Advance
- Thread starter schizo
- Start date
).Now if it does indeed go higher, then we can draw a channel line to determine its full strength. If it doesn't reach the upper channel line, then we can safely conclude that it's not a strong trend (remember the "amplitude" I meantioned earlier?)
We first need to break above the horizontal line. We're very close.
I do agree. On any TF the context is more important than any single setup. If I miss a trade (say like a tight micro channel on a 1m channel there will be many more chances to act during the same session.
And onward we go to the upper channel line. Like I said previously, if it fails to reach the upper channel, then it wouldn't be considered as a "strong" trend.
Now check this out. Merely moving the same channel down will get you this.Oh no, why is it trading below the trendline? What the hell does this supposed to mean?
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Profit taking from first leg up. Likely get a measured move up from BO point to profit taking (1st leg) up to around same distance. Time will tell. Bears failed to stop the BO of the TR so bulls are winning. Es has a tendency to move on 5 and 10 point increments. That first leg from top of range to the profit taking falls in that tendency. Count bars in the first leg to last bar up. More bull bars than bear bars. Series of bull bars. Bigger bull bars. All indicates slightly more buying pressures. Time will tell but at the moment bulls have the upper hand but it is AH trading too so will have to see if pressure continues to create upward momentum.Oh no, why is it trading below the trendline? What the hell does this supposed to mean?
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Good Evening schizo,
Your problem you are having is , you do not know who you are or what your purpose in the ES Futures market.
You do not know why you exist in the ES futures market.
You do not know what you want from the ES futures market.
You do not know what you are looking at in the ES futures market.
You do not know your purpose in the ES futures market.
You do not even know who you are in the ES futures market.
You, @padutrader and @zhoner seriously need to take a break from the ES futures market and watch this video below over and over. The ES Futures market is for masters and killers. You are not killer and you are not master, because you do not know who you are and why you exist.
The Video below made me an ES Future market Master.
Please take some time to learn how to be a killer and a master before coming back to the ES futures market.
Right now you are the warthog on the ground, getting eating alive. This is what happens to traders that come to the ES futures market without knowing how to kill first.
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Something of interest to those who are into fans. Now compare that to the slope (4 & 5 in the second chartr) that I mentioned earlier.For reference.
Dude, I don't even know why you're even here. Children shouldn't be mucking around where adults are. Now go back to playing with your Ken and Barbie dolls.