The ER2 Trading Journal

er -678.1 s-7 t44

 

ER2 daily charts:

I see an amazing pattern:

Chart made several days ago:

http://tinypic.com/view/?pic=fye9ds

Chart made as of today:

http://tinypic.com/view/?pic=fyecch

 

what am i missing?

 

What goes up must eventually come down?...

 

er -680 s-7 t50

 

I don't know if any of you play the 2:00 PM pattern.

Everyday for the past 2 or 3 weeks, if ER2 was around HOD at 2:00 PM, it has a high chance to see more new HODs after 2:00 PM. Rerverse is true if it was around LOD at 2:00 PM.

Right now it is trading around 679.30 to 679.70 and the HOD was 681.2 (at R1). We'll see what happens.

 

It obviously has a pattern. When it is trending up, short-term MACDs are wrapped on top of the long-term MACD.

When it is trending down, short-term MACDs are wrapped on the bottom of the long-term MACD.

 

Very quickly, it is at 681.50!

 

681.90. Now at R2.

 

Now 683.50. What a fast 5-8 minutes and quick 3-4 points: