ES-Trader

On this thread I will teach how to become a professional trader with some basics indicators and setups that derived from different aspects of the market

OK guys so market gapped up this Sunday and went up to retest the 59 which was 2tks under Fri high and the next 60m bar in line

we did not quite get there and I saw we were pausing and starting to go a bit down so I manage to short it at 58

http://uploadingit.com/file/pg0kdson...ls/58short.jpg

Now there is no telling really how far down it may go cause there are few elements here to consider.

1 buyers are gonna try to protect their position here
2 new buyers might push it up when it retrace a bit

never the less it may just hold on long enough until buyers may give up and get scared till sellers may take over and price may just go back to 52.

OK got stopped out

I always like to start new thing with a winner trade.

Thanks for sharing. We always appreciate everything you're teaching us.

Now it's time to learn.

2 reasons first you don't want to be that exact when it gets there, you want at least 2tks spread, one for execution and one for safety this way you'd assure you're exit better than having to take the whole cake.