ES -2.25
Was a little too early on this one. Attempted aggressive entry off demand due to the buying wicks and rotation up.
Was a little too early on this one. Attempted aggressive entry off demand due to the buying wicks and rotation up.
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DislikedES -2.25 Was a little too early on this one. Attempted aggressive entry off demand due to the buying wicks and rotation up. {image}Ignored
DislikedAlso I know the expectation when making a weak NSH/NSL is for a deep retracement, however. {image}Ignored
DislikedAlso I know the expectation when making a weak NSH/NSL is for a deep retracement, howeve{image}Ignored
Disliked{quote} When I expect a deep retracement, off of a weak NSL, I take into consideration the momentum that was used to make the NSL. I tried to explain in the picture below. Thats my take on it, hope it helps. {image}Ignored
Disliked{quote} Jmezz, I used your picture and broke it down as I see it. The bulls struggled to make a NSH, so a deep retracement would have been a logical expectation. Notice that the orange lines show lot of bearish strength and yielded smaller retracements. Weak NSL/NSH doesn't necessarily mean you will get a deep pullback each time, take in the information leading up to each NSL/NSH to better determine if a deep pullback can be expected. I'm no pro, but that is how I look at it. {image}Ignored
Disliked{quote} {quote} Sup Dizzle. I made a post a few weeks ago about expecting a deep retracement after a weak NSH and stavro had mentioned that there was a big increase in momentum when the weak NSH was made, so he would be looking out for a more shallow retracement (just as you have also said here). I thank you for the 2 screenshots and notes that you have provided because they illustrate your point very clearly. I think going forward that when it comes to NSH/NSL being made after an order flow change that these really need to be handled as a case-by-case...Ignored
DislikedMorning Traders !! New week, new trades UJ M3, Exp -NSL, still running, moved to BE, looking for 1 to 1 {image}Ignored
DislikedI went short on EJ, Couldn't resist to lock in some profits, doing same error again {image}Ignored
Disliked{quote} Heavy support level at 109.33 109.38 ( Fib , MA 200 and structure higher TF )Ignored
DislikedI went short on EJ, Couldn't resist to lock in some profits, doing same error again {image}Ignored
DislikedMorning Traders !! New week, new trades UJ M3, Exp -NSL, still running, moved to BE, looking for 1 to 1 {image}Ignored