40 MES Getting Short

Name: 40 MES Getting Short
Uploaded: 2023-11-06T13:32:54.999503
Channel: JonathanDSmith
Description: I'm looking for ever opportunity to be short in this market after a large run up last week. Taking this newly created breaklevel at 4370. Hoping it respects that breaklevel and continues downward. Putting my stop at the next breaklevel above at 4374.

숏

Micro E-mini S&P 500 Index Futures (CME_MINI:MES1!)

업데이트됨

CME_MINI:MES1! Micro E-mini S&P 500 Index Futures

Trend Analysis trade price action short microstrader Contains IO script

trendanalysis trade price action short microstrader containsioscript

I'm looking for ever opportunity to be short in this market after a large run up last week. Taking this newly created breaklevel at 4370. Hoping it respects that breaklevel and continues downward. Putting my stop at the next breaklevel above at 4374.

코멘트:

Reevaluated my stop. Think its best a point above VWOP to let this bounce take its course. Still think we are going down to 4344. We shall see

코멘트:

Ok I'm short

코멘트:

Moving against me but all breaklevels are tested below and I have VWOP and an untested breaklevel above me. We shall see.

코멘트:

UGH coming to this untested breaklevel. Hopefully it holds all I have above is VWOP. Is this a move back to POC??? I hope not.

코멘트:

Dow and NASDAQ battling their VWOP. Fingers Crossed.

코멘트:

Trends are hard to break!!

코멘트:

Might be taking a full loss on this one. Fingers Crossed.

코멘트:

NASDAQ Above VWOP. Uh oh.

코멘트:

Doesn't look good :( I guess the market isn't ready to give it up yet.

코멘트:

Was this just the bounce retracement of that 30min Breaklevel? Could Be...

코멘트:

15 points on the dot

코멘트:

Still battling VWOP. Will it give it up?

코멘트:

First time this move up hasn't gone parabolic. Might be a reasonable place for it to turn around??? Or just linger here longer??...Or just a break before continuing up?? We shall see.

코멘트:

Still battling VWOP...Who's gonna win this battle..POC got lowered. Just above WVOP. WIll it just linger here the rest of the day or will they give it up??

코멘트:

I'll say it again. Trends are hard to break. Doesn't look like it wants to give it up yet.

코멘트:

Been at VWOP for almost an hour

코멘트:

It just feels like the bulls will give it up if they keep getting rejects at VWOP but what do I know

액티브 트레이드:

Still in the trade. Stop above the breaklevel at 4384.50. Might have to take a loss if they don't give it up in the next 20 minutes.

코멘트:

Theres a 15 min backside and a 30 min new breaklevel below that could give some resistance if they DO decide to give it up.

코멘트:

Dow and RTY look like they want to give it up NASDAQ is holding on tight

코멘트:

If NASDAQ gives it up we could see a large move down. Fingers Crossed!

코멘트:

Lets see what happens at the 10 mins till candle. Algos might kick it into gear...

액티브 트레이드:

Not a lot a hope for this trade at this point. Will have to cut my losses...Unless the trading gods throw me a bone lol

코멘트:

Back to POC...

거래청산: 스탑 닿음:

Stopped out. Full loss. You win some you loss some. This one was a loss. In retrospect the breaklevel I took could very easily been a test of the 4373 breaklevel so wasn't a strong level to be going counter trend. Lesson learned. The fact it was fighting the lower side of WVOP for over an hour gave me hope to the downside but in the end it didn't give it up. Oh Well. Traded a dummie eval account o I didn't put my normal accounts in jeopardy with the horrible price action today so I can't be too upset. That's what this account was for, to trade horrible price action and not affect my gains in my normal accounts. Tomorrow is another day. Looking forward to it.