ES and NQ... possible "failed upside breakout". Maybe good short if it holds..

Discussion in 'Technical Analysis' started by Scataphagos, Nov 11, 2024.

  1. All bets are off if new highs... Facacta again

    FWIW...
     
    Last edited: Nov 11, 2024
  2. Still pisses me off... site won't allow editing title. Make a typo, look like a dummy because not allowed to correct. Should be fixed.Maybe want to delete a facacta duplicate entry? Maybe not allowed.

    C'mon Barron... this has been an issue for years.
     
    Last edited: Nov 11, 2024
  3. p0box4

    p0box4

    Or ... You could just start a personal TA thread instead of opening a new pointless thread every other week.
     
  4. what was in wrong with everyone here.... unbelievable nonsense
     
  5. Bubble hysteria and FOMO... story of mankind. :)
     
    Badkarma likes this.
  6. maxinger

    maxinger

    Professional writers like to write about support resistance stuff;
    When the price touches the resistance line, go short it....

    They don't write about
    - success / win rate
    - reward / risk ratio

    Also, they don't tell you that you have to top up your trading accounts.

    Trading is more than just SR stuff.
     
  7. It’s much more about the S&M stuff.
     
  8. Overnight

    Overnight

    OE. You have one hour to edit the title of your OP. Don't blame Baron.
     
    MACD likes this.
  9. Highs are still holding, so downside play still a possible... with favorable R/R.

    Not "pounding the table"... just noting market respecting resistance. That's IT for now.

    Tops and bottoms are NOT mirror images. Tops are "grinding"... players resist selling becaue they don't want to miss out on more upside, if there is some. Bottoms bounce away like a scalded cat.

    Price TA here is about, "selling resistance". If resistance breaks, chase the upside QUICKLY... does not preclude the "false upside breakout"... must cope with should it occur.

    GL
     
    Last edited: Nov 12, 2024
  10. Baron

    Baron ET Founder

    In the event that the 1 hour editing window of time has expired, just click the Report link at the bottom of the first post in the thread and let me know you want the title changed.
     
    #10     Nov 12, 2024
    nbbo and HawaiianIceberg like this.