ES Journal - 2012
- Thread starter Buy1Sell2
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I`d say as long as we stay below 23, we`ll fill the gap below. All in line with recent average RTH range.
Possibly a pivot point tag at 1307.
Open gap above at 31,50 as a target as well. Could easily see 34, IF we take out 23.
But IMO, I think we trade lower first. Just a hunch, as I currently do not get a good pulse on what is going on.
I`m sure Austin does though.
Possibly a pivot point tag at 1307.
Open gap above at 31,50 as a target as well. Could easily see 34, IF we take out 23.
But IMO, I think we trade lower first. Just a hunch, as I currently do not get a good pulse on what is going on.
I`m sure Austin does though.
I am not a big fan of lines and MA, but ES is still below 200MA on that chart, so you've got that going for you, which is nice.
http://www.youtube.com/watch?v=8x-nQ-vPw5k
I would say anything above 1335 and you could start drawing an uptrend on that chart.
Although nothing about the market and ES should surprise me any more, it is interesting that we had a reversal just three ticks shy of a full RTH gap fill.
I would venture to say that doesn't occur often, which would lead me to believe the 14-16 level is in the cards.
I was away from the screen at the time, but this was a helluva nice setup at 12:30.
Would you agree, LF??
Would you agree, LF??
50% reversal off 23?
Yes, they are at almost always good entries, but when there is no follow through, like today, it is best to scratch it fairly quickly.
Not looking good for the shorts here, I`m afraid. If we take out 23 now and close above it, I would be surprised to see the gap fill below today.
EDIT: Double top potential at 23,75. Fingers crossed for the shorts.
Quote from Laissez Faire:
50% reversal off 23?
Yes, they are at almost always good entries, but when there is no follow through, like today, it is best to scratch it fairly quickly.
Not looking good for the shorts here, I`m afraid. If we take out 23 now and close above it, I would be surprised to see the gap fill below today.
Back to R1 again, this has become a critical level.
Nice work Dan!!
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