DislikedEverything is possible, like 77.5 ; 80.25 ; 130.45; 42.02 etc... they are just numbers, who can say that some of them are out of question ? The only thing that a trader can control is position size and R/R ratio. Yes I know it's an old mantra but it's true. Buy or sell button is a matter of probability, if a position is placed according to the main trend on the bigger time frames (daily,weekly..) then the probability for success is much bigger than opposite. In this case, UJ looks bullish on w&m chart and neutral on daily. Long is the place to...Ignored
Absolutely spot on. When you say U/J looks bullish on weekly & monthly chart, you could even say that last month U/J went up last month, and also went up last week.
I was convinced we were headed up during the week starting 10/13, but it didn't work. Then I wasn't sure anymore. Now that last week was up and I'm trying to buy again. Simply buying green and selling red will eventually land you a profitable long term position, you just have to be disciplined.
For bears it makes a lot more sense to be selling around 100 because at that point we would have taken out last months high's and a bull trap is possible, similar to the week candle starting 10/13 that I mentioned earlier.
/ES falling off a bit right now.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.