The ER2 Trading Journal

Discussion in 'Journals' started by trade_4_living, Nov 9, 2005.


  1. how did that do yesterday..er2 remained weak compared to ES yesterday even with the reversal rally...
     
    #171     Nov 11, 2005
  2. K.C.

    K.C.

    Have you guys seen a range in ES like today. I don't recall ever seeing anything like this.
     
    #172     Nov 11, 2005
  3. The chart compares the relative strength of the price actions. What you saw were the actual price actions, but if you look at the combined chart, it still consist with that logic. ER2 always overracts, if the market is bearish, ER2 is even more bearish, if the market is bullish, ER2 is even more bullish.

    Here is yesterday's 1 minute chart. You can see, ER2 was way below ES in the morning when the market was bearish. As the market getting bullish, ER2 has been traded above ES all afternoon.

    The morning session:

    http://www.tinypic.com/view/?pic=flax7a

    The afternoon session:

    http://www.tinypic.com/view/?pic=flbhtu


     
    #173     Nov 11, 2005
  4. er take off
     
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    #174     Nov 11, 2005
  5. er target+support
     
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    #175     Nov 11, 2005
  6. Holiday, ES is trading like after hour or overnight :) open interests and float makes a difference. ER2 has much smaller open interests and much smaller trading float.

    ER2 has been moving up and down, ES remain within 0.50 to 1 point for the past hour.



     
    #176     Nov 11, 2005
  7. WMT stronger
     
    #177     Nov 11, 2005
  8. ER2 is trading at resistence 1: 666.8.


     
    #178     Nov 11, 2005
  9. ER2 is forming a nice intraday ascending triangle. I think it has a decent chance to break R1 or R2.
     
    #179     Nov 11, 2005
  10. es stronger
     
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    #180     Nov 11, 2005