Thank you for clarifying it, Matt! I did not believe there _was_
a symmetry break, the whole thing looked to me like a stop run up
to daily time frames. The stop on the daily ES was 3073, and
the low was 3069. However, the close at the end of the day is what
matters, so if one were to hold a hard stop on ES, one would have
been faked out of a long position.
I did not expect a drop all the way either, as 4th waves are
triangles contracting to the apex.
I did put my account flat after a symmetry break, so I am not
benefiting from this run up. But I have not lost anything in the
process either.
This looks like a repeat of 2017 Sept to January of 2018. HFTs
merely buy the heck of this market before everybody else could.
Your old ES system went long near 3015 and has stayed long since
on various subsystems, by the way. Kudos to you and it for it!!
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Thank you for clarifying it,
so who is going to short this market?
Posted by junkie on 6th of Dec 2019 at 11:23 am
Thank you for clarifying it, Matt! I did not believe there _was_ a symmetry break, the whole thing looked to me like a stop run up to daily time frames. The stop on the daily ES was 3073, and the low was 3069. However, the close at the end of the day is what matters, so if one were to hold a hard stop on ES, one would have been faked out of a long position.
I did not expect a drop all the way either, as 4th waves are triangles contracting to the apex.
I did put my account flat after a symmetry break, so I am not benefiting from this run up. But I have not lost anything in the process either.
This looks like a repeat of 2017 Sept to January of 2018. HFTs merely buy the heck of this market before everybody else could.
Your old ES system went long near 3015 and has stayed long since on various subsystems, by the way. Kudos to you and it for it!!