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ES E-Mini - Ups...it did it again...The legacy of Newton, Babson and Andrews - Action/Reaction . >>> Price is going back to center over 80% of time. <<< And here we have it again, and again, and again.... Many Traders looking for the quick & easy money. Trading with Action/Reaction and the Forks can be easy too. But first one has to learn how to apply these tools to the markets. That's why i share my passion and my knowledge with you. Realize that every Diva want's to be persuade. And so does the universal law of Action/Reaction. Give it a try, and don't give up. And soon you can embrace a new world in Technical analysis. Here's your start: mytradingcoach.teachable.com Be happy, stay healthy, be kind. P! ...i am prepeairing something BIG for you all, who are interested in A/R.
CME_MINI:ES1!Short
by Tr8dingN3rd
USD - Hell of a range and on the way to the south?P5 is reached...at least it looks like. The tiny lower close is very suspicious... At least price broke out of the "creative" downsloping Fork and reached the CL. From here price either zooms through the CL, or comes down to the L-MLH. Chance for the walk to the south are 80% - same as going to the CL! And why NOW?...well, as i said, price reached the CL. So it's at the center OR it is at a potential extreme. If you think about it for a while - the CL could be the upper extreme...if you threw in a WL (Warning line = 50% projection to the downside)... Think about this... P!
DShort
by Tr8dingN3rd
2
SPX - Similarity...uncertainty...now what?The 2011 pattern looks very similar to the one we have now. Even the priceaction from the Bars look nearly the same to me. Facts for Long - similar pattern as in 2011 - support at the L-MLH is pointing North. - no real LT low is broken! - so far a wide distance from the open to the actual (potential) close Facts for Short - the frequency shift (red slidings) on the top, warn about the temporarily potential Max. High. - if price is reaching the CL and U-MLH (Convergence), ther's a high probability that it is a classic Test/Rtest of the "zoomed" Centerline, and that price is heading south, to the next line - the L-MLH (Lower Medianline Parallel) - if price would continue north, it had to eat through the upper resistance block So, really no cristal clear statement. How could we trade? How about income trades with options, where wo don't even have to know where the market is going? Take credit from below the market AND from above the market? Whereever this market will go, it's time to play it save...but also to capitalize on the opportunities... P!
SP:SPX
by Tr8dingN3rd