ES Journal Archive (2006 - 2008)

TY! I still don't understand reasoning as to me 888 falls within the noise of most time frames, sorry for being stupid

Very nice trade so far btw

 

taking this off 92.05 could get a 60 minute breakout with unfilled gap at 93.50 on spy. Good trading.

 

60 min spy chart showing high/low swings.

 

When you said you didn't have a stop, where would have been your 'puke point?'

 

possible H&S on 1 min chart

any one can confirm that?

thanks

 

920 was the next resistance on SPX, H&S is basically a failure swing, so yes I agree, p/a confirms

Orthodox t/a studies state that a higher time frame is to be used as a filter of the chart that you are trading, choice is multiple one on the other hand, so you never really know whether H&S (failure swings) will provide sufficient reward, but all things considered ImPO it is prudent to put faith in bearish failure swings, as investors are still very nervous, so you will not be the only one seeing it. But, there is always a but

 

yesterdays nip 921/22, so far res, then gap to 51 with nip above at 962,cleavage above that at 968-970, usd/jpy has downtrend line near 97.70,break that and we could rally,so far flip flop in uvol/dvol keeps this a scalp day

 

long 909.75, stop 905.50, pt 918

 

trying to break that lower high trendline

 

L909.5, s~2, h/s-10

off 1m re-entering BO move

Scaled out 2/3 +2.25