ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

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  1. i`ve managed to recoup most of my draw down from my stop out by going into scalper mode,long & short, in this range.

    right now looking to see if the es can make another leg into the 1499/1502 zone but lo.mid `90`s are looking somewhat conservative.
     
    #23781     Nov 14, 2007
  2. JSSPMK

    JSSPMK

    Pennant still valid, 10 minute still bearish, getting close towards apex.
     
    #23782     Nov 14, 2007
  3. Isn't a pennant normally a continuation pattern? Wouldn't one generally expect an upside breakout from a pennant, given that we entered it from an upmove? What are you seeing on the 10-minute that makes you bearish here?
     
    #23783     Nov 14, 2007
  4. market looks weak....
    buying more yen with a tight stop
     
    #23784     Nov 14, 2007
  5. JSSPMK

    JSSPMK

    Well, ImO MACD histogram points to direction, not pennant itself as continuation.

    on 10 min chart there are 3 declining histogram peaks (failure swings)
     
    #23785     Nov 14, 2007
  6. Hey, guys, dinner tonight is on Apex. Sushi. :)
     
    #23786     Nov 14, 2007
  7. JSSPMK

    JSSPMK

    Daily pivot an obvious target objective if price breaksdown of pennant.

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1679160>
     
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    #23787     Nov 14, 2007
  8. looking for one more high in crude oil to start a line short in the 94.40 area on the mini
     
    #23788     Nov 14, 2007
  9. broken IVB on Es 60 min has me leaning short side......another push up is what i`d like to see.
     
    #23789     Nov 14, 2007
  10. critical area here for the ES... if they can hold it here new highs on the day.. if it breaks down short every rally.
     
    #23790     Nov 14, 2007
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