ES Journal - 2016

Discussion in 'Journals' started by Buy1Sell2, Dec 24, 2015.

  1. out 96 will look to reenter higher
     
    #271     Jan 22, 2016
  2. Buy1Sell2

    Buy1Sell2

    I don't quite understand this trade except perhaps you are fading the uptrend near 1900 which you may view as resistance. With no downward momentum intraday, I believe this trade is a bit of a gamble, but may work out. For me. I would be waiting to have the wind at my back. Good fortune to you.
     
    #272     Jan 22, 2016
    Builder17 likes this.
  3. Buy1Sell2

    Buy1Sell2

    I do like the fact that the 15 min chart has gone well outside the upper BB and reversed, but that's just one chart and is more likely to end up being just a reversion to the mean and not full reversal. Certainly possible that this would be the reversal down, but it would not be classic. I would like it to reverse in this area of course.
     
    #273     Jan 22, 2016
  4. long 93
    stop 89
     
    #274     Jan 22, 2016
  5. romik

    romik

    I can see a rising wedge on hourly, perhaps B is playing the 1,2,3,4,5
     
    #275     Jan 22, 2016
    Buy1Sell2 likes this.
  6. Buy1Sell2

    Buy1Sell2

    Has that formed a point yet?
     
    #276     Jan 22, 2016
  7. romik

    romik

    point 5 yes, now testing rising lower TL

    Sorry not testing quite yet
     
    #277     Jan 22, 2016
  8. Buy1Sell2

    Buy1Sell2

    There certainly is a class A sell signal on the 15 min chart but only the 15 min and of course I am playing much longer frames. So I can kind of understand Builder's short trade if he was using the 15 or the wedge that Romy described on the 60.
     
    Last edited: Jan 22, 2016
    #278     Jan 22, 2016
    romik likes this.
  9. stopped -4
     
    #279     Jan 22, 2016
  10. romik

    romik

    +10

    S15895
     
    #280     Jan 22, 2016