Posted by racerick on 31st of Jan 2020 at 05:45 am
Nice ES break down off a tight consolidation on 5 min chart for
about 4 hours. Notice 5 hours later still hasn't broken 20ma. Of
course being the astute trader I am covered way too early when it
got down close to 200ma. Left about 15 pts on the table so
far.
Rick, this was a nice (counter-trend) trade! As is the case with
counter-trend trades, expected gains are about 1/4 of the those
aligning with the trend. 15 points left on the table is nothing
when trading against machines that do not get margin calls.
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Nice ES break down off
Posted by racerick on 31st of Jan 2020 at 05:45 am
Nice ES break down off a tight consolidation on 5 min chart for about 4 hours. Notice 5 hours later still hasn't broken 20ma. Of course being the astute trader I am covered way too early when it got down close to 200ma. Left about 15 pts on the table so far.
Rick, this was a nice
Posted by junkie on 31st of Jan 2020 at 07:29 am
Rick, this was a nice (counter-trend) trade! As is the case with counter-trend trades, expected gains are about 1/4 of the those aligning with the trend. 15 points left on the table is nothing when trading against machines that do not get margin calls.