I will say this: If you catch a trend, those H1's and H2's and H3's will keep you trading in the right direction on that 5 minute interval. It...
Breathtaking. I closed out when the reaction off 58.75 was so slight. Had I had access to a chart I would like to think I would have jumped in...
Short 52.75 stop is 10 points but won't let it go that far against me. Have a few limit orders above to add if I am lucky enough to get them...
cash traded its 2656 so I'm looking to short if PA gives it to me.
I have FF on ignore, but I imagine that your reply must be in response to him. I knew he'd be by soon. He just can't help himself, which is sad....
Closing in on what to me is a projected top close to ES 2656. I do think that is ES > 2670, then something else is happening.
"We see things not as they are but as we are." -Samurai Trader's Maxim Number One
Something like that would never work on a consistent basis. You'll see, FF will be by to tell us so soon.
You are way too emotional to be lecturing anyone on logic. You are a careless reader, FF. You need to slow down and think before you...
Here is what I said. On ignore with you FF.
If you take yesterday's rally and figure that we are going to get a measured move based on that rally from today's low, it takes the ES to 2656...
I didn't say I did. But I don't think that we necessarily ought to conclude that he didn't have success in the market based upon what his son had...
Sons rarely know the whole story of where the father's money comes from when the father is one who makes his own way in the world as Gann did....
I still expect rally to the 2658.50 +/- before the next leg down. I still expect another leg down. But we each have to trade what we see.
I cannot speak to Gann's work. Test that 50% retracement idea, @Saltynuts. You'll be glad you did.
I love your "glass is half full" attitude B1S2! Good luck!
o_O I don't believe it. Why don't you backtest it and forward test it in the market you trade and see how it fairs?
I believe that the market is set up to squeeze once more to that 2658 level and then the resolution comes in the form of a another swift downtrend...
Then I might be swapping places with you lol. As far as this short goes, right here 3:48 is pushing it for me to be in such a new position....
short 28 greatly reduced size to accommodate the 36.50 stop
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