by eric-pal » Wed Jul 05, 2023 8:30 pm
Thank you for your description, as it helps to see what you are thinking.
If you are discussing the yellow arrow, there are a few things missing:
1. Please review section 4.8. It is a key critical piece that many are missing in their training (if you are not here yet, that will explain things).
2. Momentum may be shown through distance, and/or time. The number of bull bars leading up to this bear bar will require a 2nd attempt. The short is early as bulls are showing some strength.
3. I don't count a 2ES, and that isn't clear to me. It is a 1ES.
4. Seeing the smaller bear bars and the lack of consistent good follow through is a sign that things are changing and to additionally have more caution.
Hopefully helpful & good trades to you!
Thank you for your description, as it helps to see what you are thinking.
If you are discussing the yellow arrow, there are a few things missing:
1. Please review section 4.8. It is a key critical piece that many are missing in their training (if you are not here yet, that will explain things).
2. Momentum may be shown through distance, and/or time. The number of bull bars leading up to this bear bar will require a 2nd attempt. The short is early as bulls are showing some strength.
3. I don't count a 2ES, and that isn't clear to me. It is a 1ES.
4. Seeing the smaller bear bars and the lack of consistent good follow through is a sign that things are changing and to additionally have more caution.
Hopefully helpful & good trades to you!