Very nice rejection at the 78.6% retrace of yesterdays highs... very typical 'top' action if we break 842.75.
I agree that any sell-off will be fast. ~825 is my first target actually. Next target at ~785. There are targets further down that I'll be...
I got long FAZ at the close at around 9.25
No, in all honesty, and one of the reasons why this ES Journal has been worthwhile, is that when I'm out of the market and I feel strongly enough...
I make better calls when I'm out of the market :) I'm super excited for this trade. The confluence is beautiful and we've got some good wedge...
Its simple. Purpose of trades doesn't matter. Find an account that's very consistently profitable...doesn't matter the value. Shadow their...
I always wondered this myself. Are they really making their money off of the 50 cents commission each trade?..... hmmm
I was thinking the same thing when looking at the daily chart and was going to PM you for your take, but a quick search of your posts takes care...
I'm still short via long FAZ... I had my stop sitting at 18.88 which was narrowly missed during RTH today. The ETF's don't trade overnight, so...
What a nice 5-min bar! Nice entry saliva... I wish you (and me) the best of luck.
All eyes on 800-801
I like both... apparently I'm better with bigger targets though as 792 just got cut through like butter :p I don't want to be on the other side...
792 should be good for several point short
No idea... nothing but air there on my chart. My thinking is that 801-803 was the obvious short (50% retrace + H&S) and 810 was the obvious...
Nice trading startraitor! What was the exit signal ;)
You guys are on your own for that one :p I'm scaling out- 1/3 @ 785 1/3 @ 767 1/3 @ 755 btw.... this selloff is a thing of beauty....
I'm not sure, you tell me... what difference DID a day make? I'm still in my position... and it is still in the green... and I added to it...
haha, I have no idea... could be tomorrow or Thursday or Friday... I'm over in ETF world right now so I don't really care. whats your options...
If the financials are leading this market, I think the fact that my FAZ is recovering faster then the S&P is falling is a sign the top is in for...
What a squeeze.... ~807.... shes ready to roll over
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