ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
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I really think we should hit the 200 ma at 1285. It should work like a magnet.
What a lovely market!
The selling continues in crude oil as well, with a 2$ point drop today. Nice.
If we open below yesterday`s low and 1290 or 1294 does not act as support, I think we have a good chance to fill the open gap below at 1279,75 today.
The selling continues in crude oil as well, with a 2$ point drop today. Nice.
If we open below yesterday`s low and 1290 or 1294 does not act as support, I think we have a good chance to fill the open gap below at 1279,75 today.
Quote from Laissez Faire:
What line and how is it drawn?
240min attached shows how I came up with those lines. Sorry should have posted this first with reduce on 5 min.
agree. i like to reduce to 5 min to see how close it was to the trend lines i like to follow. overall pic is still on the larger time frames.
do u think this has to do with market structure now which is heavily weighted HFT?
Quote from Laissez Faire:
What a lovely market!
The selling continues in crude oil as well, with a 2$ point drop today. Nice.
If we open below yesterday`s low and 1290 or 1294 does not act as support, I think we have a good chance to fill the open gap below at 1279,75 today.
and 8:30 # could just be what the doctor ordered
Got it.
The subjective nature of trend lines and their lack of precision makes me skeptical towards drawing any definitive conclusion, although I do use them and find them to be a good measure of sentiment.
Horizontal S/R is more objective, IMO.
Quote from mastacoli71:
and 8:30 # could just be what the doctor ordered
Will probably see some volatility then. No trades for me until the bells ring.
Number at 10:00 also.
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