How I shorted at the top of the market- no indicators target $1850. one es contract

[Traderbeauty]

Again- I am not trying to show off or brag- i am just trying to teach some of you- and the best is to show LIVE PROOF not replay or demo.

 

As you can see in the 60 minute chart the market is in a big triangle and i plan to take advantage of it.

I shorted at 2048.50 while the top was 2049.25 that is not bad - 2 ticks with such huge moves- and i did not use ANY INDICATORS- see the 2 top arrows.

The reason i shorted there is because there was a perfect confluence with the trendline and the 1.618 fib so i placed my order AHEAD OF TIME. The moment i got filled the market dropped like a stone with huge volume so i knew i made the right move. Right now as i write this post the market is at 2022 which means i already have 26.50 points.

Now many of you asked me how i decide where to exit- its very simple- i will not exit before the 50 fib look at the middle arrow- 2011.50 which will give me 37 point of $1850.00 profit on one contract- not bad for a days work lol.

I can tell you that i have few more shorts but these i plan to exit at the 62; 78 and the lower trendline. but i only show you this one to make things easy to understand.

Attached is my live broker account showing the fill. ( this is for you - user33 ).

Hope that helps. JUST A REMINDER- PLEASE PUSH THE THANKS BUTTON SO I CAN TELL HOW MANY LIKE THESE KIND OF POSTS -IF I SEE ENOUGH I WILL CONTINUE.

take care and thanks

Jane

http://i.imgur.com/V1OQFzy.png

http://i.imgur.com/yKEFsU5.jpg

Edited February 5, 2015 by Traderbeauty

[Traderbeauty]

Going to reshort at 2077.25 for more than 20 points ( if it gets there )

[vrdrive]

so your yesterday trade made $$ again.