Well, I knew we had an important econ # at 10 today so I waited until price reacted to the news to see what the verdict was. I almost sold into the bar as it spiked higher when the buying slowed down since the inital reaction to the # was inc red down but I hesistated as I generally dont like to trade right after the news is released (Im not good enough yet) but felt it was a good idea. Sure enough, intrabar swing back down on increased red and we had our pt 3.
Not a good day at all for me. I was especially surprised by the fbo that followed the moment the graph I attached. At the current bar (now) everything looked like price would go up. We had a valid breakout and volume was getting lower and lower at two consecutive bars. MA was turning around. I know we are supposed to not predict. We are supposed to know. At this very moment I was convinced price would continue up. Anyone else had problems with this? The pattern at this moment is that I have some gains every day and I give it all back in a bad day. Happened a few times already. Ivo
I feel the same way for all the contributions made over the last year from all involved in this journal. Thank you to all those who have worked so hard to bring this together, and to all the personal time dedicated.
Here is the ES daily chart as of today. ( this time for real !) edit: Disregard last bar. That is the Dec 4 bar forming
yes, except for that little d/top everything looked just fine but when that d/top didn't get breached, it gave you some concern.