ES Journal - 2019/2020

38.2 H1

 

yup, was back in at 75, but order entry mistake cost me 3 ticks. back flat now watching. ugh

 

maybe another leg down after wedge break and 4 strong bear bars

 

Short:
50% on 5min chart (HWB)
3377

 

H1 was the deal, sometimes you have to pick your poison

 

-2.5

 

Trading range behavior

 

In hindsight, the best HWB setup was the green one. (green circle)
That one worked well.
Other ones, not so much lol. Today at least

 

remember, while 50% retracements are very common, the inflection can happen anywhere in the zone

 

They work about as often as they don't. Worthwhile paying attention to, but don't trust them blindly.