High Probability Short Trade Setup - ES

NexusFi · 2012-04-19T11:09:37-04:00

The S&P looks to be in position to make a multi-day high later this afternoon or possibly on Friday. Specifically, a wave C of a higher degree W.B:4. There are several things that need to happen before this becomes a legitimate trade setup but if the count is correct the immediate upside should be very limited before the index has another leg down to complete wave four. As a trader you are always working with probabilities - not certainites and the only thing you have some control over is risk :-) Kerr …

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Updated April 19, 2012

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High Probability Short Trade Setup - ES

April 19th, 2012, 11:09 AM	#1 (permalink)
kszyman59 Oro Valley, AZ Elite Member Experience: Advanced Platform: DT, NT, Tradestation Broker: Schwab, IB Trading: Stocks & S&P Posts: 20 since Jan 2010 Thanks Given: 10 Thanks Received: 15	The S&P looks to be in position to make a multi-day high later this afternoon or possibly on Friday. Specifically, a wave C of a higher degree W.B:4. There are several things that need to happen before this becomes a legitimate trade setup but if the count is correct the immediate upside should be very limited before the index has another leg down to complete wave four. As a trader you are always working with probabilities - not certainites and the only thing you have some control over is risk :-) Kerry Attached Thumbnails