ES Journal - 2017/2018

Huge move now imminent.

 

Unlikely now that we will trade below 2416 the rest of the day.

 

Based on what?

Generally speaking, there's a 75 % chance we'll close below 2433.

There's an 80 % chance we will not take out the current highs. And a 35 % chance we'll make new lows.

That's generally.

Specifically, I'll say we have good odds of printing new lows today.

 

Initially, I thought yesterday was a record range, but we only came close. The 5th of February this year had a range of 127,50 points.

 

Price/indicator combo action around 16.

 

The key to successful trading of course is not whether right or wrong, but what you do when right and wrong.

 

Is there a chance to trade under 2416? Certainly, but i think not likely . If wrong, that's ok.

 

My data (not charts) says it's very likely that we both trade below 16 and make new lows on the day.

 

Yours is the easy bet. Mine is the interesting one. For journalistic integrity, I prefer sticking my neck out.

 

For some reason, B1S2 liked every other post but this one.