ES Journal Archive (2009 - 2010)

Discussion in 'Journals' started by Jahajee, Jan 1, 2009.

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  1. fseitun

    fseitun

    Really tough market. We are in a tight range on the daily charts. Something will pop very soon. It's not the best time to hold positions for a long time and get greedy because almost all spikes get retraced fairly quickly. I'd say it's a scalpers' market.

    Another option would be to take time off until we either break above this range or initiate a serious correction down to the low 50s.

    Hope you all had a good day despite the dominant chop.
     
    #42821     Oct 26, 2010
  2. Today the 1174 bounce was the 50% retracement of the 1156-1193 (round) move on the daily/hourly, and in RTH the 78.25 pivot was today's range 50% mark.

    These 50% levels have been reliable springboards all throughout this bull run. Until that pattern changes, I think we move higher.
     
    #42822     Oct 26, 2010
  3. ammo

    ammo

    was/am looking for that spx 1167,maybe we wil touch that tl tommorrow appx 1172, lower high lower low ,,,,durable goods, new homes ,tomorrow
     
    #42823     Oct 26, 2010
  4. ammo

    ammo

    divergence
     
    #42824     Oct 26, 2010
  5. ammo

    ammo

    large head and sh
     
    #42825     Oct 26, 2010
  6. Obviously filled, and out here at 83.25 for another +4.25

    stopping posting trades soon for what it's worth. Can't be bothered.
    Good luck, kids.
     
    #42826     Oct 26, 2010
  7. volente_00

    volente_00


    1174 was r10 as well


    :)
     
    #42827     Oct 26, 2010
  8. tman

    tman

    DeMark Sequential is spooky.
     
    #42828     Oct 26, 2010
  9. I'm certain every trader in the universe has seen the aforementioned large H&S.....however wouldn't this last run up(sep/oct) pretty much negate that as a technical "tell"?
     
    #42829     Oct 26, 2010
  10. ammo

    ammo

    i was looking at the 87 ,3 step pattern and noticed a head and shoulders at the end and then noticed the same on the current weekly,that's why i posted it ,the similarities are pretty strong
     
    #42830     Oct 26, 2010
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