Recap : SHORT from 1222.50 and 1224.50 initiated on Friday Nov 05.
Final target filled at 1193.25 ( 1193- S 2 ) for a total of + 31.25 pts. ES LIVE TRADE HOME RUN !
Premarket movers
Renewed fears out of China that Beijing could be closing in on further interest-rate hikes were pressuring U.S. stock futures.
Global markets
Stocks in Shanghai plunged 5.2%, leading a regional selloff, as investors in China rushed to lock in profits ahead of potential monetary-tightening measures from the government. The reaction reverberated in Europe, with markets in the region moving lower.
For those that have been following this Blog. There is a low risk buying opportunity today in the 1092 to 1093 zone. This is a multi year back tested RSI ( 2 ) winning trade with more than 80% expectancy of success. 1093 is Floor S2 and 1091.50 is the Key Institutional Level. The Confluence with the Daily 20 EMA at 1191.50 makes it an ideal Long Entry with the Daily Trend.
New Swing Position Today Friday Nov 12
Long ESZ10 - E-Mini S&P 500 @ 1192 ( Avg Price ) on Multiple Contracts
As the BULLSHIT G20 Meeting gets underway and the President of the great USA is
defending the Fed's actions in the G20 meeting, while the Fed makes allies with the millionares Republican congressmen behind his back and they become more powerfull enemies of the great President.
Posts
I am really fascinated by your entry & exit levels. Many traders strive to achieve this level of competence but few actually do.
ReplyDeleteYour reading of price action, coupled with indicators, and as well as using the Institutional Levels is a really potent mix!
James Ang
I am really fascinated by your entry & exit levels. Many traders strive to achieve this level of competence but few actually do.
ReplyDeleteYour reading of price action, coupled with indicators, and as well as using the Institutional Levels is a really potent mix!
James Ang
Great swing call...again
ReplyDelete