jangseohee

The only weapon floor traders have...

CME:SP1!   S&P 500 FUTURES
42 20 1
Daily/Weekly pivot point
Long now?
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jangseohee Smarttrade1st
Upside break of 1963.6 which is the high of the last candlestick, now that the bull find support at S1, either it will retest again or a break of the high 1963.6, price will go to the Pivot of 1978.5
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Smarttrade1st jangseohee
I shorted since last Thursday, look like it will get to 1978.5 next week.
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jangseohee Smarttrade1st
Either you gotta cut loss if price move above 1963.6 or stomach some losses
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Smarttrade1st jangseohee
yes, will do that first thing one Monday :)
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jangseohee Smarttrade1st
It's a probability trade, as you become more accustom to all the term, trading based on your own decision helps, because by then you wont be blaming people for your own mistake :-)
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Smarttrade1st jangseohee
I'm absolutely understand about that. it's my decision either win or lose :)
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jangseohee Smarttrade1st
You've got it!!!
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Smarttrade1st jangseohee
I'm look at all the chart and try to understand it and make my own decision. I am learning day by day.
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jangseohee Smarttrade1st
Excellent, one thing i can share with you is..
whenever the price "Fly" away very far from 8EMAs, retracement CONFIRM to happen... keep observing
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Smarttrade1st jangseohee
Thank you very much for you advice!
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Smarttrade1st jangseohee
Thank you Sir!
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jangseohee Smarttrade1st
you're welcome, but i am still consider a green horn, also look at who i follow in trading view, they are the people to learn from :-)
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I am in no position to give advice yet, but just sharing true information :-)
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Smarttrade1st jangseohee
Thanks for sharing !
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jangseohee Smarttrade1st
Very much welcome!
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jangseohee Smarttrade1st
Hi, follow up with my previous post on SPX, the price didn't exactly hit 1978.5 but 1977.95.
Did you cut loss or you stomach the paper loss, if you did the latter, you would be smiling now.
So it is a morning star that fails
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Smarttrade1st jangseohee
I did :), so look like it going down today and tomorrow and will bounce back later tomorrow?
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Smarttrade1st Smarttrade1st
The fall will continue after filling the gap.
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jangseohee Smarttrade1st
Price is currently trapped in between a downtrend channel, with resistance & support doing the ping-pong.
But let's see what Mdm Y will surprise.
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