Perfect scalp trade, Carl...bounced off Support One FT Pivot...good profit. I was looking at another trade and missed this one. Good weekend come-back trade, Huh?
Carl, can you give me a quick post on your thoughts about ending the day on a low point? - am debating going long after hours, but I would like your input, maybe a chart.
Well, it looks like we did hit the 1088.10 price, give or take a few ticks. The only problem I see now, which only emerged late on Friday, is that I now also have a major confirmed sell signal in the NASDAQ as of Friday's close, this cannot be good news for the longs right now.
So, putting this together, we may well see a bounce from this reaction low, but then further selling. Considering that I now have two confirmed major sell signals within two days of each other suggests this sell off may be more substantial than just a near term top. Time will tell.
Just out of curiousity, you were ready for this sell off this past week. So why did you not take a shot at the short side? I am puzzled and curious to hear your logic for NOT shorting when your analysis was correct.
8 comments:
Excellent trade, Carl
Perfect scalp trade, Carl...bounced off Support One FT Pivot...good profit. I was looking at another trade and missed this one. Good weekend come-back trade, Huh?
carl, u buying @ES1090?? here..looks like a nasty sell off
Carl, can you give me a quick post on your thoughts about ending the day on a low point? - am debating going long after hours, but I would like your input, maybe a chart.
Very much appreciated, as always
A great trade.
Target met. Now for the bounce?
Great sell-off prediction. We are at the bottom of your range at 1090, so we should see some rally on Monday.
Hi Carl,
Well, it looks like we did hit the 1088.10 price, give or take a few ticks. The only problem I see now, which only emerged late on Friday, is that I now also have a major confirmed sell signal in the NASDAQ as of Friday's close, this cannot be good news for the longs right now.
So, putting this together, we may well see a bounce from this reaction low, but then further selling. Considering that I now have two confirmed major sell signals within two days of each other suggests this sell off may be more substantial than just a near term top. Time will tell.
Thanks.
Kindest regards,
PM
Just out of curiousity, you were ready for this sell off this past week. So why did you not take a shot at the short side? I am puzzled and curious to hear your logic for NOT shorting when your analysis was correct.
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