Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Long 2337.75 Initial stop 2325.00
Tough to pick reversals on a trend day.
2337 was a dragon bottom on the 5 mins chart...
Edit: it was only good for a 2+ pts bounce...
People gotta look at the chart. At this point sell pb's. That is what i been doing this morn. Trend is bearish. More selling pressure has been shown since the open. Won't go long until i see buying pressure followed by bearish pb then more buying pressure. We are getting a little buying pressure as i type. Just have to wait and see if it is enough to reverse the bear.
I had to make the stop a little larger on the second trade due to the noise in the market.
very clean stairstep patterns on the NQ...great trading day
I'm looking for this second trade to take a while to develop. If stopped out, I will look long again.
Right now, we need a print of 2340.00 to encourage bulls to get back on board and perhaps have legs.
nope not enough. Just went short again for a scalp.
I have multiple divergances on the NQ, may be at least trying to consolidate
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