2nd test of day high, 40% chances of double top. wait.
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double top? unbelievable! i really mean unbelievable.
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crying, my day trade longs... all stopped out. usually this is where market turns up.
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The little man behind the curtain has temporarily lost his grip on the machine, er that is I mean to say looks like the ES could loose that magic 2100 level, at least until they bang the close.
Anyway, both the ES and TF are below Cobras 20 EMA.
NORMALLY, this means continue down, but I firmly believe when I got stopped out of my longs, the market would reverse up.
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seriously, if you have longs at green arrow, hold until now, where's your stop loss? at least blue arrow, normally should be at red arrow, right? how can you hold this sudden sharp pullback which broke even the blue arrow stop loss. anyone has good answer?
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Cobra wrote:seriously, if you have longs at green arrow, hold until now, where's your stop loss? at least blue arrow, normally should be at red arrow, right? how can you hold this sudden sharp pullback which broke even the blue arrow stop loss. anyone has good answer?
No good answer for you Cobra. We are only happy to get stoped when the market tanks just after... Most of the time, we are stoped on a ponctual high or low...
You are not the only one to be "stolen" by this market Cobra,
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