ES1!
2.27.23 The es had a nice two bar reversal and it went up about $2,000 a contract. there is strong selling at the top of a range box which makes it difficult for this market to move higher because the trades probably moving into fairly bearish territory. One point I was trying to emphasize Is that you were here about the vulnerability of having your stops too small. I would generally agree with this, but if you can take in structure to find Meaningful support and resistance Using Extensions and retracements at ABCD patterns, This increases your chance of not getting stopped out with small stops Before you reach your target... even though you will sometimes get stopped out and then the market trades to the direction you had anticipated. That extra attention to use Tools to maximize the effectiveness of your trade location Makes a big difference in my opinion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.