Mack’s Mid-Morning ES Price Action Chart 11-18-2024
- Home / Non Member Articles (Free) / Mack’s Mid-Morning ES Price Action Chart 11-18-2024
Early on it looked as if this might be a range day, but prices are rallying as I am typing, so we will have to see if they continue higher or if the range highs hold and prices turn lower again. For now, I would say the bias is up, but that could change multiple times as the day progresses if this is indeed a range day.
The overbought situation seems to have cooled off for now, so there is room for prices to trend higher again should they decide to go that route. For now, be careful getting long at the highs and let prices prove they are going higher first. If they turn back into the range, then continue to trade this as a range that is wide enough to have trends within it.
Comments
Jay Starks November 18, 2024 at
I’m not getting the results expected and began to realize the profit to loss ratio was working against me. Using the Ninja auto system, ie, 1X3 which allows only one chance for profit but three chances to lose the investment. Each time one point was achieved in profit, three could be lost if the selection was incorrect. That requires selecting the right direction 8 out of 10 times. The ability to be “right” 8 out of 10 times has proven to be daunting and unsustainable. I’m trading the Macros so the looses are small, but seemingly unavoidable. I am rereading the manual over and over but there must be something I’m missing?
Would appreciate your thoughts on this.
Thanks in advance..
Jay Starks