{"id":599,"date":"2020-06-07T19:31:14","date_gmt":"2020-06-07T17:31:14","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=599"},"modified":"2020-06-07T19:31:15","modified_gmt":"2020-06-07T17:31:15","slug":"will-there-be-a-huge-second-move-to-the-downside","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/will-there-be-a-huge-second-move-to-the-downside-599\/","title":{"rendered":"Will there be a huge second move to the downside?"},"content":{"rendered":"\n

More or less 10 green candles<\/strong> for the last 10 days. What’s that? Will there be a huge second move to the downside? In such a critical situation for world economy and world health<\/strong>?<\/p>\n\n\n\n

Market Ideas<\/h2>\n\n\n\n
\"\"
ES, daily<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

We made the whole way of the weekly channel<\/a> from the bottom to the top and on Friday we broke<\/strong> through and above it.
Now we’re again at a resistance level but for me it’s not a very strong one.<\/p>\n\n\n\n

So, I would say the probability is around 30% for a pullback down starting on Monday and 70% for a continuation<\/strong>.<\/p><\/blockquote>\n\n\n\n

I thought the 3200 couldn’t be broken so fast but after all the moving averages were behind it wasn’t a big challenge.
But the big questions is: What role does the FED play in this strong and fast recovery from the low at 2174? And<\/strong> will there be a base for higher prices or will this rally collapse soon?<\/strong><\/p>\n\n\n\n

I couldn’t answer this question, of course. But with the strong candle on Friday there’s no signal yet for a reversal<\/strong>. So, we have to wait if Monday will bring us a Tweezer top, a continuation or maybe just a doji?<\/p>\n\n\n\n

Futures Experiences<\/h2>\n\n\n\n

My futures trading wasn’t worthwhile on the money side but again on the education side: I recognize that I am too sensible for influences <\/strong>and I have to cut all social media during my trading times.
And I have to keep it more simple<\/strong>. Because when I traded with just a little knowledge I had better performance. Although I developed a much clearer set of setups and I just have to stick to them and trade them more “stupidly”. You all know this.<\/p>\n\n\n\n

Last Week:<\/strong>
\u2022 Paper account: -$176.44 (2 green days, 3 red days)<\/em>
This Month (June):<\/strong>
\u2022 Paper account: -$176.44
[all amounts after commissions and fees, live account still pausing]<\/em><\/p>\n\n\n\n

May wasn’t positive and June started with a loss that’s again hard to recover. My winners are too small<\/strong>. And I have to be little more confident to trade within strong trends<\/strong>.<\/p>\n\n\n\n

What’s great is my development of a own live charting system<\/strong> with calculated automatic lines – and a different thickness symbolizing the importance.
I like them and setups at those important levels<\/strong> have a very high win rate:<\/p>\n\n\n\n

\"\"
ES, 5 minute, live-chart<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

For my trading during the day I am running those live-chart as 5 minute, 15 minute and sometimes 2 minute or 60 minute.<\/p>\n\n\n\n

Also, I am still backtesting automated strategy systems<\/strong> (you know my articles here about backtests with Python<\/a>?). And here I also recognized that simple setups are often better on the long run than complicated ones.<\/p>\n\n\n\n

\n\n\n\n

Some of my positions in my stock portfolios are at interesting levels. If we’ll turn down, I probably will close some of them. So, will there be a huge second move to the downside? This will decide about the size of the Portfolio section of next week’s article. \ud83d\ude42<\/p>\n\n\n\n

I wish you really good setups, consistent profits and a big portion of health!<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

More or less 10 green candles for the last 10 days. What’s that? Will there be a huge second move to the downside? In such a critical situation for world economy and world health? Market Ideas We made the whole way of the weekly channel from the bottom to the top and on Friday we […]<\/p>\n","protected":false},"author":1,"featured_media":603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[49,68,141,113,60,21],"yoast_head":"\nWill there be a huge second move to the downside? - The Market and Us<\/title>\n<meta name=\"description\" content=\"Unbelievable, how the markets went higher and higher. 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