Steve, is buying a pullback to the lower trendline is worth the
risk?
Answer: Maybe but you will need a trigger on a smaller time
frame. Below is an example of a lower risk entry overnight on
the 15 minute. I'd prefer to see higher low (right shoulder) form
for a lower risk swing.
Ok, I see your pointers. Is the wedge well formed at this point,
and should resolve to the downside? Market is still oversold, which
is why I am willing to buy pullbacks.
ES Daily and 60 Minute Views
Posted by steve on 22nd of Jan 2016 at 08:00 am
ES Daily..the bounce has taken it back near its 9 day EMA overnight
ES 60 - showed last night and still wedging higher with oscillators currently overbought.
ES pulling back some after
Posted by steve on 22nd of Jan 2016 at 10:54 am
ES pulling back some after slight overshoot of 9 day EMA and trendline on 60 minute
Steve, is buying a pullback
Posted by junkie on 22nd of Jan 2016 at 08:42 am
Steve, is buying a pullback to the lower trendline is worth the risk?
Answer: Maybe but you will need a trigger on a smaller time frame. Below is an example of a lower risk entry overnight on the 15 minute. I'd prefer to see higher low (right shoulder) form for a lower risk swing.
Ok, I see your pointers.
Posted by junkie on 22nd of Jan 2016 at 08:57 am
Ok, I see your pointers. Is the wedge well formed at this point, and should resolve to the downside? Market is still oversold, which is why I am willing to buy pullbacks.
Roy..trade your plan. PROJECT, MONITOR
Posted by steve on 22nd of Jan 2016 at 08:58 am
Roy..trade your plan. PROJECT, MONITOR and ADJUST.