FWIW, I base my initial target on the 75 minute range. In this case it was less than 1% so the initial target was 3 pts. w. BE stop set at touch...
You had a plan and stuck to it, that's pretty good trade management, imho. Looks like you traded 2 x 2 and got the plus 2. I made three...
Not OS or OB, over priced perhaps, but internally there has been too much negative the last few days to consider this over bought. Thus the...
Testing previous three day high of 1223 and morning low of 1223.75, so really an important support for bulls. With high ADD expect some kind of...
The problem is people usually don't recognize their cloudy judgment until it is too late. It the 'Oh god I'm screwed, but the market HAS to pull...
Staying in a trade because you have 'capital staying power' is really not a great way to trade. I call it marrying a trade. Once you do that,...
Actually, if you are a trend trader, you establish the trend. If it is bullish, you buy weakness, if you are bearish you sell strength.
The last major swing high was 1190 on 9/27, not that long ago. I thought that 1160.50 would not hold, but now that we've broken that, I would...
The March 17 low (1237.25) and 200 ema (1232.27) are converging. Until some other pattern sets up, that is the only thing I see beneath here.
It seems like we are upside down now from ES June at 1276.25. With this deep a penetration, hard to see how that does not act as major resistance...
Everybody has their own OS indicators, and based on price / momentum it may look oversold. But I use the ADD (advance / decline) and that has...
Isn't that a bit of a tautology? If it doesn't go down it will go up. It's the same as saying if 1300 holds we'll see 82.
Why do you think that? It would seem like the longer term traders would expect a test of 1300-1306 and wait to see the response to that test....
Hard to be too bullish about tomorrow. The bigger trend is still down until proven otherwise. First big rally in a bear move usually fails....
What an exciting morning you guys are having. I would be skeptical of anyone who claims they are posting PRIMARILY for any reason other than...
You know September will have greater volume starting Friday.
One leg up overnight, than consolidation so far. Odds favor a second leg up, perhaps to 1296 region. Odds based on the fact that after the...
Why this trade? Did you feel like you had to trade? Entering a short 3 pts under yesterdays low is very tough and you better have a very good...
For the newbies out there, that is what we call consolidating your losses.
I'm curious as well, and I've been trading since the 80's. Are you talking about a Fibonacci R10? A channel R10? Something else? On what time...
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