Y-FORK
ES - S&P 500 E-Mini: Admit when you're wrongSo as you guys & gals know, i was ultra short biased on the S&P.
But there are times when i have to admit that my thinking was not how the reality evolve.
i'm sitting here and watching this chart, and i see that there is strong support.
The two scenarios on the chart give you the idea from the perspective of the A/R framework.
I'm patient, waiting for something obvious to happen.
P!
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RUSSEL - RUT @ Decision PointWith the centerline, there is also a natural resistance from the past (red zone).
A break of this zone would imply a further move, at least up to the U-MLH.
P!
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NASDAQ - "PARTY IS OVER" V.2.Check the link below to see the monthly chart.
Now it will probably come true.
However - all i see is pressure from above.
Not even a pullback up to the MLH (Medianline Parallel) was possible.
...to be continue.
P!
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ES - ...but a question of WHEN!Yes, i could be dead wrong, as everybody else too.
But to me, it's not a question IF the ES will tank...more a question of WHEN.
When i see the last closes (pink area), my neck hair shoot straight up to the moon and i think, what else can i sell in my household, to invest in this short §8-))
...don't take it too serious - it's nothing more then my opinion, which is bad anyway...having a opinion...
P!
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USDCAD Long ScenarioYes, now would be the time to enter, if one would like to take a quickie, up to the black A/R line.
But unfortunately there is no structure to hide the stop, so i personally let it go.
If the the scenario plays out with the pullback back to the green support zone, then i would consider a long, up to the centerline.
P!
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EURUSD D - I don't like this one, but i "have to" take it.Here we can see price in context of a Fork & A/R set.
I really don't like to go long here, because my stomache is crunching when i go long here...
But it's not about my stomache, or my feelings, or my big toe's nail.
It's all about numbers = statistics, risk, reward, occurences etc...
And most of all, i know price is reaching the centerline over 80% of time.
Soooo....if i really want to follow a profitable longterm trading startegy, i HAVE to take this trade, and i took it, even my big toe's nail's now broken §8-)
P!
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