Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Assuming Kbit is right, and it makes sense, on a bigger picture we could be in a 3 hills and a mountain pattern (Suri Duddella). If the H&S will be correct its base would be below the 200 EMA and would lead ES to retrace on 61.8% Fib level from it's …
Honestly, at that time I was not 100% convinced, I would never traded that chart, but sometimes minds are confluing and you are in line with the market. On a broader time frame I always trade long, I am an optimist and the glass is always half full, look forward to cheer for a prosper future.
Took a 2.25 points profit on half and got stopped out on the rest when ES came down from 1217 from the double top, that was fast - about breakeven.
Today's market is too volatile, I better keep out of of it for now. I'm now wondering if 1180 would break today instead - it doesn't seem to have the strength to move up. As you had put it, we need more shorts to cover.
Absolutely agree with you - the market has degraded into a range bound chop fest. I'm seriously considering calling it a day/week. Margarita-ville , baby!!!