E-mini ES 2018/12/21

Continuation, SA, L2, bear MC, WfBO LOY, LL MTR, CXT, FF
large fH2 at 2500, Brs 10 pts above the 2400 round number got risk/reward >1
bulls were not able to terminate the bear trend after that possible LL MTR (WfBO LOY), so we got a bear CH into the close of the day (resumption)

daily chart
Always In Short (AIS) since 12/06
bears S the COY for a BP short, mDT with yesterday
almost 200 pts for the range of the week and close on low
might be some kinda temporary exhaustion

risk based Measured Moves and Initial Risk from the daily chart ruling the current PA

I mentioned that already in my post from 12/13

the 12/12 on the daily chart is a decent Signal Bar (SB) for a Breakout Pullback Stop Entry short (also a test of the open of the year)
the smallest Initial Risk for that trade, that makes sense (for a trader on the daily chart) is the high of the SB, a SB stop Continue reading “risk based Measured Moves and Initial Risk from the daily chart ruling the current PA

E-mini ES 2018/12/20

Continuation, fEB, opening range, fBO LOY, 1fBO, fH2, DT, L2, HL MTR

the HL MTR was a spot on retest of 5 x IR, 5 x the MM of the 12/12 SB
(see other post from today)

daily chart
Always In Short (AIS) since 12/06
bears see a BP of the old low of the year (2530)
bulls might see a fBO SB, but it has a bear C, also 8 bars down

E-mini ES 2018/12/19

Continuation, 1Tail, CXT, bull CH
FOMC report

the largest FOMC bar ever 😉 49 points and a >100 pts sell off afterwards

bulls tried to fade the outside bar twice, but couldn’t close back ABOVE the BO point at 2562 (they were only able to close right at 2562)
so we got a 2nd leg dn

daily chart
Always In Short (AIS) since 12/06
five bars down, so sellers above HOY, scaling in higher
breakout test of the low of last week and the OOW, then a sell off, that went to 4 x IR of 12/12 signal bar, more profit taking by bears there

breakout and close below the L of the year, but an OB, which might attract faders, as well as possible buyers below the low of a large trading range