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1st 2018 Short

Nothing but blue sky ?!

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#11 salam

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Posted 10 January 2018 - 07:10 AM

Good Morning! 1210 Am here in Manchester UK

 

Updated channel please Iloli!

 

Ive taken 1/3 profit ES 2739 area for 12 points total.

 

H/S target exceeded. market finding support @ the flattening 5dma around ES 2736/7. Break of this sets us up for a move to 2722-7 .

 

Momentum is waning/sentiment very frothy and its WWW.

 

market could easily whipsaw back up and clear short stops.. so I plan to be nimble


Edited by salam, 10 January 2018 - 07:11 AM.

I'm not sure what my future holds... But I know who holds it.

#12 12SPX

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Posted 10 January 2018 - 08:29 AM

Your%2Bnew%2BTVC%2B%2528100%2529.png

Im curious why your upper line on the third rally is different than the other two.  If you place it at the top where your first P is, the market is breaking out over the top?


Edited by 12SPX, 10 January 2018 - 08:30 AM.


#13 salam

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Posted 10 January 2018 - 09:56 AM

Covered again at ES 2736 after exiting previous covered long @ open


I'm not sure what my future holds... But I know who holds it.

#14 iloli way

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Posted 10 January 2018 - 09:57 AM

 

Nice to see a doji candle and also the SP close below it’s daily volume weighted average.

Futures should pop up higher pre market nevertheless, to retest your shorting line!
However, if we drift lower while I sleep, this could be a good WWW buying op

 

6pm here Calif time ES:

 

2018-ES-Jan-9-1.png

 

 

Your%2Bnew%2BTVC%2B%252870%2529.png


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#15 iloli way

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Posted 10 January 2018 - 09:58 AM

 

 

Your%2Bnew%2BTVC%2B%2899%29.png


Well we closed below your shorting line! Could be a good risk reward on the bear side tomorrow

 

 

Sure did, here same line in expanded channel at SPX close today:

 

Your%2Bnew%2BTVC%2B%252898%2529.png

 

 

Your%2Bnew%2BTVC%2B%252871%2529.png


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#16 salam

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Posted 10 January 2018 - 09:59 AM

Closed half ES long@ 2739.4 Rest with 3 point stop> making some fast money... lets see if they can bounce it back up to resistance

 

Thanks for the updated charts! Outstanding as usual!


Edited by salam, 10 January 2018 - 10:04 AM.

I'm not sure what my future holds... But I know who holds it.

#17 iloli way

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Posted 10 January 2018 - 10:11 AM

 

 

Nice to see a doji candle and also the SP close below it’s daily volume weighted average.

Futures should pop up higher pre market nevertheless, to retest your shorting line!
However, if we drift lower while I sleep, this could be a good WWW buying op

 

6pm here Calif time ES:

 

2018-ES-Jan-9-1.png

 

 

Your%2Bnew%2BTVC%2B%252870%2529.png

 

 

BINGO!

 

Your%2Bnew%2BTVC%2B%252872%2529.png


PRICE IS KING, LINE RULES! - Laws Of Line (LOL) Trading Systems
Pure price work needs no indicators. Line/ Pattern posted is my trade. Between my English grammar and my TA, only one of them allowed wrong! -- 愛樂利威

Investing.com chart time in PST; Worden chart time in EST

Swing Those Lines

#18 salam

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Posted 10 January 2018 - 10:18 AM

closed rest of long@ ES 2744 back to net short


I'm not sure what my future holds... But I know who holds it.

#19 salam

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Posted 10 January 2018 - 11:36 AM

Maybe the Buy was at 2736? 

 

it is WWW after all! Not planning to add any more.

 

Ideal scenario is we break 2736 and retest 2722 tonight/tomorrow and rally back to resistance


I'm not sure what my future holds... But I know who holds it.

#20 salam

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Posted 10 January 2018 - 12:47 PM

amusing how the shorts are covering; we are back in the channel and at resistance 3 point stop on my short from ES 2749


I'm not sure what my future holds... But I know who holds it.





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