I don't want to tarnish the ES Journal

Discussion in 'Trading' started by Big AAPL, Mar 7, 2016.

  1. Big AAPL

    Big AAPL

    I must admit, I read it everyday, but do not post because I am a bit of a loner (only here, I have a big family) . However, the potential for a very popular pattern is setting up. The truth is it is WAY BEYOND my trading timeframe. However, it bears attention. So, I am interested to hear from those who may have some FUNDY opinions as to why this may fail. My own analysis (purely tech BTW) tells me that a break of 2007.25 would warrant a stop and another attempt at a short would be taken at the upper trendline, if in fact that HNS comes to fruition.


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  2. Just curious why there isn't a trendline connecting the lows of 2/11 thru 2/24
     
    Buy1Sell2 and Baron like this.
  3. Big AAPL

    Big AAPL

    Because I don't see it yet in my analysis. This does no mean that yours in wrong.
     
  4. Handle123

    Handle123

    Failed Head and Shoulders patterns are decent to trade as they seldom go counter to the pattern, but when they do, often times goes longer ways for shorter term day traders like me.
     
  5. stepan7

    stepan7

    Do you see same thing on this chart?
    ES 03-16 (100000 Volume)  3_8_2016.jpg
     
  6. Big AAPL

    Big AAPL

    I do now. Nice lines.
     
  7. stepan7

    stepan7

    It's automated. Since you from NYC we can make two person meet-up if you wish.
     
  8. Buy1Sell2

    Buy1Sell2

    Trend lines tend to be arbitrarily drawn.