ES Journal Archive (2006 - 2008)

long 72.5,64 imaginary stop,84 target so offer 83.75,77 stop

 

long 75.50, add 72,68.5 stop, out 78.25

 

Here is the chart, the numbers are different because I was measuring it on my futures chart. Again, failure occurs around at half of the W and the drop is about the same as the height of the W:

Today we got a minirally out of the bottom of it, but that could be just a few points bounce too.

 

so you pick up the points on that short,is there a setup that follows a dragon/

 

ihs on 5m established ImPO

 

Well, the whole idea is that you have to be aware of a possible failure when you go long at the 2nd bottom. If you see it failing, you quickly switch to short and you have a nice target where you can switch back to long again...

 

ya,it looks like that long rode up to top of w

 

If 10m chart is to be used as a filter, then to me it looks bullish BO, rather than a BD

 

In the face of 250 down in dow, who is going to buy at the current level now to hold over the weekend?

USD/JPY has a spike and ledge formation ... 97.1 is ledge top, 96.4-96.6 is ledge bottom

Break out of that area we get a trend in ES.

 

Bank of Japan?