ES Journal - 2012

[tomahawk]

It's been ~20 pts since the last 20ema touch on the 15-min. Friday's max ema no-touch was 22. A little rare to have 2 back to back trend days (athough opposites like this are more common). Could go to 25-29, but I'd be surprised if it reached much more than that without a touch, on this 2nd consec. trend day.

 

[keeptradin']

Quote from tomahawk:

It's been ~20 pts since the last 20ema touch on the 15-min.

Tomahawk, you using Globex or RTH for your EMA's??

I've been plotting them using the entrie session, seems to smooth them out better.

 

[ammo]

could be the whipsaws preceding a bull market turn, hns as a general ,not ultimate rule,it needs to break the neck line,retest then descend, not much of a break or a retest,more of a massage but technically it's covered that rule

 

[tomahawk]

Quote from keeptradin':

Tomahawk, you using Globex or RTH for your EMA's??

I've been plotting them using the entrie session, seems to smooth them out better.

Full session ... always.

 

[ammo]

uvol dvol cross at mi day,lack of leadership,dvol not a flatline, and the bottom in yellow is advancing stocks and they are declining

 

[tomahawk]

This is a "Trend Day" only in relation to the ema's on specific timeframes.

Still no touch on the 15-min.

EDIT: Correction ... just touched.

 

[ammo]

Quote from ammo:

add 69.. 73 cash...ledge above is 79

avg 64.75 reduce 64.75

 

[mastacoli71]

Quote from ammo:

avg 64.75 reduce 64.75

nice catch ammo, was waiting for 63.75

 

[ammo]

thnx, u may still see it

 

[keeptradin']

Quote from mastacoli71:

nice catch ammo, was waiting for 63.75

It never ceases to amaze me how the market can leave us hanging for one tick.

Hang in there and cover it in the Globex session, unless something tells you to wait a little longer...