Fractals ... Cycles ... Goats. The market signals its intention long time before your best trading point for your targeted time frame. It's up to you to do it right, early or late ...
I just read the charts and trade them. 30 would be nice though. I thought my July Wheat short from 5.9900 was nice but this ES trade has made my year.
Great trade PL. I wish I could say I'm still in that trade but I'm not. I only trade intraday "tapes". The reason why I started this thread was to get proficient in nesting tapes with traverses and channels so that I can get to the point of trading longer term fractals. I'm not sure how long you plan on holding your trade but I believe we are do for a retrace and the thick red channel line on the chart I am posting is above your stop level. Once again, great trade.This chart is using shifted data.
Yesterday afternoon I hit critical Support. This is where I adjust my stops hard and tight. I'll take 75% of my position off at 1052.00 and the other 25% off at 1063.75. If we drop further today I'll keep readjusting those two stops and they come off the next fastest nested chart. The initial trade was taken off the 16807/117649 and the stops come from the 2401/16807. Thanks for the heads up.