ES Journal - 2017/2018

Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.

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  1. Buy1Sell2

    Buy1Sell2

    Certainly not a double top on daily weekly or monthly. The best case for double top could be made on the 4 hr chart yesterday, but I don't see a great argument for it.
     
    #2691     Jan 25, 2018
  2. Pekelo

    Pekelo

    Let's say 15 mins. Yesterday's 2852 (SPX) was the first and this morning's open at 2848 was the second (weak). Mind you the early morning futures were higher making it a decent double top (at 2854 ES) as seen here, on the hourly chart:

    https://finviz.com/futures_charts.ashx?t=ES&p=h1
     
    #2692     Jan 25, 2018
    Buy1Sell2 likes this.
  3. Buy1Sell2

    Buy1Sell2

    Ok. Double bottom now on 15
     
    #2693     Jan 25, 2018
  4. Pekelo

    Pekelo

    That was around 3 pm then it went 2 points lower and now we are up 10 pts from there...

    Now comes the obligatory overnight updrift...
     
    #2694     Jan 25, 2018
    Buy1Sell2 likes this.
  5. Buy1Sell2

    Buy1Sell2

    Yes. The difference with this double bottom is that both RSI and MACD agree in my view. Something is about to happen. Please look at the tightening Bollinger Bands on the 4 hr. Just looking at the 4 hr by itself one would think the next move is down. I though would err on the long side. Any sell off on the 4 hr should be bought. Am I wrong? ---Probably.
     
    #2695     Jan 25, 2018
  6. Buy1Sell2

    Buy1Sell2

    The floor in this market is @ 2550. For now I am buying all dips above that level.
     
    #2696     Jan 26, 2018
  7. Buy1Sell2

    Buy1Sell2

    Short term reaction point in this market is now 2840
     
    #2697     Jan 26, 2018
  8. Buy1Sell2

    Buy1Sell2

    Wahooooooo!
     
    #2698     Jan 26, 2018
    Jaydom likes this.
  9. Buy1Sell2

    Buy1Sell2

    Looking for buying to step in between 2847 and 2859 (where we are now). I'll be buying this dip.
     
    #2699     Jan 29, 2018
  10. Buy1Sell2

    Buy1Sell2

    We ended the day in the 2853 area. Everything going according to plan .
     
    #2700     Jan 29, 2018
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