{"id":610,"date":"2020-06-14T22:37:17","date_gmt":"2020-06-14T20:37:17","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=610"},"modified":"2020-06-14T22:37:18","modified_gmt":"2020-06-14T20:37:18","slug":"you-know-the-feeling-of-selling-at-the-high","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/you-know-the-feeling-of-selling-at-the-high-610\/","title":{"rendered":"You know the feeling of selling at the high?"},"content":{"rendered":"\n

Today there are some new transactions<\/strong> in the Portfolio Talk below. And although the markets are not easy at the moment, I am sure you know the feeling of selling at the high.
So, let’s see what price is telling us<\/strong>:<\/p>\n\n\n\n

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

At 3222, the resistance from the lows before the correction, the first three days of the week built a nice rounded reversal<\/strong> and Thursday showed us the new direction with this long bear candle<\/strong>.<\/p>\n\n\n\n

I marked the monthly channel with dashed blue lines for you because I mention them every week<\/a>. Also, I added a channel like box above. You can see that we stayed long in this box<\/strong> before the bull run to 3222 started. There were many green candles but small ones<\/strong>. Only the break above the (blue) channel was stronger but after the reversal the profit taking began and now we’re above the box.<\/p>\n\n\n\n

Will there be a …
a) … bounce on the box<\/strong> to the upside?
b) … break into the box after a failed breakout<\/strong>?
c) … just a small move up<\/strong> before we enter a clear next downtrend?
I tend to (b) and (c). As you know I see the channel very strong and because we’re in the middle now, we will move up or down but without a break out of the channel too soon.
The idea of a small bounce and then down is my favorite one<\/span><\/strong>. So, I would vote for (b) but I’ll wait with predictions before I know more about the pre-market volume and volatility tomorrow.<\/p><\/blockquote>\n\n\n\n

Portfolio Talk<\/h2>\n\n\n\n

Good bye, ACM!<\/h3>\n\n\n\n

On Monday my “hedge” position<\/strong> – some readers may remember my mistake<\/a> that made me some hundreds of profit – stopped out. Regrettably at the top<\/strong> but I decided to never lose money with this last partial and to hold it without taking any additional profits.
So, I was happy about this mistake with the two really good partials and said good-bye to ACM<\/strong>.<\/p>\n\n\n\n

\"\"
ACM, daily<\/em><\/strong> (yellow arrow = entry, red arrow = stopped out, green arrow = targets)<\/em><\/figcaption><\/figure>\n\n\n\n

Some cash for the next low<\/h3>\n\n\n\n

Exactly for this reason I sold 50% of my FB medium term trade<\/strong>. I picked a really good entry<\/strong> for this position, missed to add at the last low and now it was time to take some profits<\/strong>.
And here I had again a perfect timing<\/strong>: the top – but for selling, not buying back. Do you know the feeling when selling at the high? But even if the market will rally again above this high I am happy with this cash to reduce my investment rate<\/strong>.<\/p>\n\n\n\n

\"\"
FB, daily<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Waited for the right day<\/h3>\n\n\n\n

I thought about selling 100% the last time. But then I sold 50% and the correction started too fast for me to react. Or I just missed it.
With UNH<\/strong> I also had a so nice point for the entries<\/strong>, the first 50% partial was a good one<\/strong> and now this position finished exactly before the hard sell-off<\/strong>: I am out, took my profits and got cash!<\/p>\n\n\n\n

\"\"
UNH, daily<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Even though my long term positions of the German market are not doing so well this year, my medium term trades are generating more profits than I thought of<\/strong>.<\/p>\n\n\n\n

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

Now to the futures: This week was a good one<\/strong>. Not a big profit but I chose the best setups and the lines of my automated live-charting<\/strong> are really nice. My focus is more and more on setups of the higher time frames<\/strong> broken down to the small ones. I trade in the 5 minute chart and currently almost every trade in the MES<\/strong> – although I started with the MNQ<\/strong> for the first months.
My biggest problem is that my brain always prefers to watch out for long setups<\/strong>. Maybe because almost all trading examples are the bullish versions for setups. So, I used the move downwards to work on just this wrong bias. And I hope that I am a really good short trader when we’ll reach the next low. \ud83d\ude42<\/p>\n\n\n\n

Here’s my performance of the last week<\/strong> – small but positive:<\/p>\n\n\n\n

Last Week:<\/strong>
\u2022 Paper account: +$15.57 (2 green days, 3 break even, no red days)<\/em>
This Month (June):<\/strong>
\u2022 Paper account: -$160.87
[all amounts after commissions and fees, live account still pausing]<\/em><\/p>\n\n\n\n

By the way, I am always interested in your performance, your development and your ideas!<\/strong>
Maybe you can add your experiences in a guest article? Or just tell me about your trades in the comments?<\/p>\n\n\n\n

\n\n\n\n

And now after the market overview, my position changes of ACM, FB and UNH and the lines about futures I want to thank you for reading my articles<\/strong> and following my blog idea!
Thank you and that you know the feeling of selling at the high!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Today there are some new transactions in the Portfolio Talk below. And although the markets are not easy at the moment, I am sure you know the feeling of selling at the high.So, let’s see what price is telling us: Market Ideas At 3222, the resistance from the lows before the correction, the first three […]<\/p>\n","protected":false},"author":1,"featured_media":621,"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":[119,140,13,141,10,113,60,162,163,30,11,34],"yoast_head":"\nYou know the feeling of selling at the high? - The Market and Us<\/title>\n<meta name=\"description\" content=\"This long bear candle tells us that the second leg of the big correction already started. 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