for NinjaTrader® – Forget Squiggly Lines!
DAY TRADING THE E-MINI 5 MIN CHART USING PRICE ACTION
Bull gap, above HOY, DB, DT, fH2, LH MTR, 1IB, bear CH, 1tF BT, L2, mW, mDT, 2E
daily chart
Always In Long (AIL) since 01/04
failed breakout of the last lower high of the wide bear CH I mentioned here
expanding triangle (XT ) and stop entry short for the bears with the low of the XT as a target
the wide bear channel does not break, unless we go above the next lower high
Bull gap, mid range, Opening Range, 1P, XT, mDB, fBO, SC, LH MTR
daily chart
Always In Long (AIL) since 01/04
more selling by the bears just below the last LH of the wide bear CH I mentioned here
some bulls already profit taking just below the measured move of the last pullback (see yellow boxes on daily chart)
bulls missed to close the gap with 12/03 by a point (the S&P 500 index closed that gap today)
Bear gap, mid range, SX, fEB, mDT, bull CH, WfBO, fH2, LH MTR
a small TR day
daily chart
Always In Long (AIL) since 01/04
some bears up here, 18 points below the last LH of the wide bear CH I mentioned yesterday
Bulls buy below the last HL (Tuesday low)
Continuation, 1fBO, BT, H2, BP, WfBO, FOMC report
a small TR day
daily chart
Always In Long (AIL) since 01/04
more up, but near resistance, the the last lower high of the wide bear channel
Bear gap, mid range, T1B, SC, mDT, 1CHBO, LH MTR, fH2, bear CH, CXT, H5, 1tF BT, DT, DP
can see nicely the re-test of the b2 close, which was the switch to AIL, on b14
with stop at the b1 low a risk/reward = 2 was reached just before noon
(2nd chart below)
daily chart
Always In Long (AIL) since 01/04
close above the high of last week, next gap to close is at around 2796
the high of the shallow bear CH is around 2825
