YM inverse Head & Shoulder buyyyyyyyyyy

[easymon1]

Buy it before cash close...im in 34130

View attachment 262004

Fresh Cup n Handle follow on to HnS. Kinda raggedy. That hammer in the handle got shut down by nice green up move...

 

[easymon1]

*Snicker*. You should see what it looks like on a renko chart. It's a mess.

It would be interesting to see what it looks like on a renko chart.
Post that bad boy on up?

 

[Rickshaw Man]

Success....

 

[Rickshaw Man]

Buy it before cash close...im in 34130

View attachment 262004

Yep

 

[easymon1]

Fresh Cup n Handle follow on to HnS. Kinda raggedy. That hammer in the handle got shut down by nice green up move...

View attachment 262048

Hats off to RickshawMan.
Thanks for the heads up.

 

[easymon1]

I went in on this trade just to prove you wrong. But on Dec Contract. I give myself the time-edge.

And the only reason is because Dow is not at ATH. In on 34055.

The other two majors? Forget that stuff for now. Wait for the dip.

Well?
You still in? You Out?
What's the dang dealeo?

RickshawMan sends his regards.

 

[Overnight]

Well?
You still in? You Out?
What's the dang dealeo?

RickshawMan sends his regards.

I'm still in it. My PT was 30 ticks too high over the HOD. At the peak the trade was +$188 MFE. My PT was just over $200. Alas, I sit on it now.

I want my, I want my, I want my 2 hun-skies!

 

[easymon1]

I'm still in it. My PT was 30 ticks too high over the HOD. At the peak the trade was +$188 MFE. My PT was just over $200. Alas, I sit on it now.

I want my, I want my, I want my 2 hun-skies!

Never fear, they'll be here. You Did ask for a correction up there somewhere.
So you'll Both be right. Maybe.

Like Legendary Hollyweed Talent Agent Swifty Lazaro would say, "If you're here after what I'm here after, you'll be here after I'm gone." Dude was a Kang I tells ya.

 

[Rickshaw Man]

New possibility left shoulder in NQ

 

[easymon1]

*Snicker*. You should see what it looks like on a renko chart. It's a mess.

Overnight, por favor post an image YM Renko for June 28-29.
You trade Dec. contract? Post up a June contract too?

Gives an apples to apples comparison (of two perspectives on the same data via Renko and Candlestick 5 minute YM for date June 28-29, June contract).

YM June 5m candlestick chart type shows RickshawMan's Inverted Head and Shoulders.

The H&S had Lots of Headwind took lots of Time and a follow-on cup and handle to get going.

There might be some Nice Renko Signals between the H&S trigger time,
and the time price finally crossed above the H&S entry price level for the Last time on it's way up North to a 100% retracement of the prior move.

That Head and Shoulders had an entry time of June 28, 3:50 PM.
Thirteen hours later at about 5:AM June 29 the price was Still at the entry level of the H&S 13 hours earlier.

That's plenty of time for a good Renko signal to emerge and a Timely Signal is
better than sitting through whipsaws that require substantial leeway when
setting stop loss.

That Head and Shoulders' 30% drawdown to target ratio may
not compare favorably with what your Renkos can do.

Show me the Renko. I want to believe.

https://elitetrader.com/et/threads/ym-inverse-head-shoulder-buyyyyyyyyyy.359798/page-2#post-5412600