ES Journal - 2014

Discussion in 'Journals' started by murica, Jan 1, 2014.

  1. Kerry, step away from the screen and wait until there is a day condusive to fading. Right now u r trying to pick bottom that is not there. No telling how far this goes.
     
    #171     Jan 13, 2014
  2. pfranz

    pfranz

    Not this time.Good call,drownpruf
     
    #172     Jan 13, 2014
  3. NoDoji

    NoDoji

    The first key level to watch for a reversal is the 1817 zone. Then you need to watch for an actual reversal setup, IMHO.

    I know it's possible to counter-trend trade effectively, but it's not easy and requires years of experience.
     
    #173     Jan 13, 2014
  4. ammo

    ammo

    24 stop on balance
     
    #174     Jan 13, 2014
  5. NoDoji

    NoDoji

    13.75 is a lower channel line on daily
     
    #175     Jan 13, 2014
  6. ammo

    ammo

    cash
     
    #176     Jan 13, 2014
  7. NoDoji

    NoDoji

    It's kind of in the middle of nowhere, though. There's previous R around 1806 if the channel fails.

    ADD: These aren't levels to go long, on a trend day like today, they're levels to target profit as each one fails. It's how the shorts would let their winners run (or add to them).
     
    #177     Jan 13, 2014
  8. Outstanding trade ammo :)
     
    #178     Jan 13, 2014
  9. ammo

    ammo

    dvol
     
    #179     Jan 13, 2014
  10. hey new guy, not bad...and thank you!
     
    #180     Jan 13, 2014