I am not saying the wedge won't breakdown, but any bearish ideas has not work well since the beginning of the year unless you have prefect timing...
The price action is neutral at the moment in my opinion. Need to break 1373/74 or 1364/63 to have a directional move. In between is just noise.
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At least a day where they don't buy the dip and blast to a new high above today's Globex high of 1373.75. And, possibly have a down day, but so...
I wish I knew the answer.:)
Right now the picture on the ES is confusing IMO. Was the pre-market a real reversal or is this just another buy the dip opportunity that they...
Haha, flat open.
A better question is what kind of trend after a gap up or down. A gap up or down does not necessarily signal the direction for the day. Look at...
Last week, I thought we would just see a retest of 1370 and quickly reverse. Now, I am not sure, and, I agree, tomorrow may be a key day for the...
Ammo, thanks for your feedback today.
Ammo is obviously much better at adding/reducing than I am.:)
That is correct, but there is obviously an art to adding/reducing before hitting the maximum loss.
I agree, and short trades just get mowed over.:)
You basically add at resistance and reduce at support. I understand the concept, but the key is getting the add/reduce in the correct size before...
Thanks for the explanation. Every time try to counter trade lately, I breakeven or take a hit since retracement are very are small. My problem is...
From seeing you post your trades, you mainly trade short side. You add to you position as it goes against you. Do you a max excursion point? Just...
I agree, if there is no significant reversal around 1370, then the slow grind up will continue. I am not getting in front of the train before...
I would surprised if the ES rolls over before testing the Sunday night Globex high of 1369.75. Maybe they are trying to suck in more shorts before...
I admit that this slow grind up is not my type environment. I am much better when volatility is higher. Ironically, so far this year all my...
Going long here for a multiday swing trade is just as nuts as trying to short the ES for more than a few hours. The ES could easily retest/exceed...
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