ES Journal - 2013

[gmst]

Quote from ammo:

cash tl at 80 completes beginning of hns pattern

Thanks for the chart ammo
so if the pattern plays out and we break 1780 decisively tomorrow and day after, from a swing trading perspective, the trade to go would be a short trade---am i reading it right? and the target at least below 1720 or so?

 

[ammo]

Quote from gmst:

Thanks for the chart ammo
so if the pattern plays out and we break 1780 decisively tomorrow and day after, from a swing trading perspective, the trade to go would be a short trade---am i reading it right? and the target at least below 1720 or so?

35 pts neck to head (1813-1778)so 80- 35 is 45 area +/- a few, there are a few branches to break on the way down....some old timer techs used to say that it has to break the neck, then come back and test it to be valid..whether or not they play out is iffy, but it does let you know that we went thru a distribution and the likely future is lower

 

[Trader.Fighter]

Quote from mastacoli71:

Whatevs RTE.

Come on dude, he said most not all.

Funny thing is he is right and you failing to extract the valuable info.

 

[iloveoptions]

Quote from iloveoptions:

Even though it was a bit premature, I'm glad I exited the core short for a small loss. Asking 1806 for a new short position, with first add coming at 1822, stop at 1840. Open order for now.

Out at 1781 for +25

 

[gmst]

Quote from ammo:

35 pts neck to head (1813-1778)so 80- 35 is 45 area +/- a few, there are a few branches to break on the way down....some old timer techs used to say that it has to break the neck, then come back and test it to be valid..whether or not they play out is iffy, but it does let you know that we went thru a distribution and the likely future is lower

Thanks for the explanation ammo. Cheers.

 

[gmst]

Quote from iloveoptions:

Out at 1781 for +25

hehehehe

Santa can be right or wrong but our ILO is mostly always right. I appreciate your continued posting on this journal

 

[volente_00]

Im still bullish down here

nfp gap filled today and tagged up sloped lower trendline

1815-20 still in play unless bears find balls

 

[volente_00]

failure and hold of lower hourly trendline would bring 1750-54 in play

 

[murrica]

Watching 1775-1776 here for this overnight dump. Interesting interactions as nikkei tests lower channel and yen futures retests breakdown.

edit: 1774.5 if you're into the horizontals

 

[mastacoli71]

Quote from Trader.Fighter:

Come on dude, he said most not all.

Funny thing is he is right and you failing to extract the valuable info.

Not in this biz to be right, in it to make money which can happen with or against the trend. Enough said.