ES Journal - 2019/2020

another shot up

 

The bulls would love to wrench back control, might take them another 15-20 pts lower before they get the chance.

 

Long @ 2739.00...anticipate 2761.00 - 2771.00. Still favoring the down bets. Only taking long bets if the criteria favors a 1:3 or better for the bettor.

 

While getting in and out of the down phase, I will be watching and anticipating my first phase of longer term long bets as we approach 2680.00, as long as criteria warrants.

 

Love this, agree to managing the moves into smaller fractals..like the 50-62% retrace..

 

How does this translate into actual trades? Throw a few out here as examples..thanks.

 

As Laiss was saying, depending on your timeframe you either sit through the retracements with stop beyond the 50-62% or use these levels for re-entry..look at the 1 min chart today, measure the legs and retraces..look at 2-3 min from yesterday, see the retrace up mid-day was about 50% of down leg..

 

I do not follow this, but for assistance to requested example. 50% sell zone, 50% buy zone.

 

Then that is not your timeframe..pull up a 15-30 min chart / measure the legs and retracements..