And out for a 30 point profit
FEBRUARY FRAILITY 15-29- ST TOP in place
Started by
dTraderB
, Feb 18 2024 06:04 PM
184 replies to this topic
#32
12SPX
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Posted 20 February 2024 - 11:33 AM
Trying a another long at 17550, still holding my ES short with a profit stop of 5000
#33
redfoliage2
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Posted 20 February 2024 - 11:33 AM
I'd expect this dip from "China Scare" soon to be bought as US is still in a solid bull market where dips are bought. However, China GDP still grew over 5% I don't see anything alarming there. Just a few weeks ago Wall Street investment bankers were saying it's time to buy China stocks ...........................
I'd expect the bull run to continue as long as the Fed rate cutting is on the table, just sooner or later in the year. The longer to wait for the Fed rate cut the longer the bull run will continue ...........................
Edited by redfoliage2, 20 February 2024 - 11:41 AM.
#34
12SPX
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Posted 20 February 2024 - 11:50 AM
That is actually a good point as the market usually falls hard after the first cut but that's not saying that volatility will be huge from here on out as the economy slows and earnings forecasts continue to be cut such as Home Depot this morning. Of course this doesn't apply to the mag 7 though so the question always is will they save the day or not.....
#35
12SPX
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Posted 20 February 2024 - 12:01 PM
hmmmmm average long 17525
#36
12SPX
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Posted 20 February 2024 - 12:25 PM
Took profits on my ES short for a nice 45 points hopefully get some kinda bounce to start another short
#37
dTraderB
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Posted 20 February 2024 - 01:59 PM
Let's see if ES can squeeze above the important 4976 level & 20ema
#38
dTraderB
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Posted 20 February 2024 - 02:01 PM
A SHORT-able bounce will be most welcome....
Took profits on my ES short for a nice 45 points hopefully get some kinda bounce to start another short
#39
dTraderB
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Posted 20 February 2024 - 02:03 PM
5m ES chart
NQ is now above the 20ema
If there is ONLY ONE INDICATOR for me to daytrade it is the 20EMA in 5m charts, and 50 EMA in 1m charts
NQ is now above the 20ema
If there is ONLY ONE INDICATOR for me to daytrade it is the 20EMA in 5m charts, and 50 EMA in 1m charts
Let's see if ES can squeeze above the important 4976 level & 20ema
#40
dTraderB
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Posted 20 February 2024 - 02:04 PM
3 Attempts failed... next one has a better chance of breaking above w0 EMA
5m ES chart
NQ is now above the 20ema
If there is ONLY ONE INDICATOR for me to daytrade it is the 20EMA in 5m charts, and 50 EMA in 1m chartsLet's see if ES can squeeze above the important 4976 level & 20ema
