THERE will always be buyers and sellers. Without each, there would be no market. Even in a bear trend there will be buyers and in a bull trend-sellers. These counter trend actions can be haphazardly played, or they can be done with a logical entry.
Today we had the opportunity to enter quality trades- either long or short with a pre-open bear TL and a market opening bull TL. The point, pick the reason other traders would take an action. Where are they likely to enter or exit. Follow Price Action (PA) long enough you should begin to read the market. That is the essence of Break Out Targets (BoT's). Putting the "why" with the "where" to improve overall trading performance.
[07:11] <CM> the bull and bear s/r levels continued to shift in over night trading. we now have a resist at 1395.25 and a support at 1392.25 with a minor fbo to 1392 (screen shot deleted)
[07:12] <CM> es long 92-93.5 with upper limits around 98-1400 (BO5)
ES TODAY:
pre mkt to open
open to close
No comments:
Post a Comment