S/R Emini Journal

1pm reversals happen a lot. Also we are at Tuesdays closeing price. If we go lower, and YM doesn't break above 11627, I'm screwed. Positive divergence in ES, negative in ER2.

 

most reliable times of day over the years are 10:30.....2pm & 3pm..........perhaps an ES walk up to the 40% at 32-32.50 & a reverse down at 2pm...............FWIW...........if no reverse at 2pm...the 3pm reverse is usually harder.

 

here we go.

 

Good call.............

http://www.charthub.com/images/2006/09/21/ES_317_VB_5.png

http://www.charthub.com/images/2006/09/21/ES_317_VB_6.png

http://www.charthub.com/images/2006/09/21/ES_317_VB_7.png

 

Good job!

Call it a day and go tell your wife you can make 2 pts a day with ease!!!!!!! :eek:

JK .....keep it up!

 

yes good call, but is it a pullback or reversal, I am staying short here.

 

737.5 looks like strong resistance and ES and Sox look weak. I think we are going to get choppy. I would look for shorts if YM comes down to 11610 with velocity. We may have a short if this trend line breaks with volume.

 

WHEN TIIMES BECOME IRRELEVANT TRADING GETS BETTER.......EMINI INTRADAY THAT IS MIND BIAS TRYING TO OUTGUESS WHAT THE MARKET WILL DO........DEATH TRAP....IN THE LONGER RUN.....

 

john99 - forgot that you trade the ER2........here was that LONG set-up on your call.....looked perfect at entry.............

http://www.charthub.com/images/2006/09/21/Untitled_1.png

 

ou have not left eh short yet ???