ES Journal - 2016

[Spectre2007]

Chris, how come I have an impression that you can't make your mind up what this is, are you saying the bull market is back on?

Price action can shift sentiment,.. views just shift with price action. Ultimately it's just support resistance plays and whether the traders mind is willing to accept the implications of S/R breaking or holding. If your too bearish over long term you didn't do too well. But bullishness has payed off most every time.

So the largest player is entraining the masses to buy and hold. Just weather the storms stay put don't sell..

 

[romik]

Are you saying bull market is back on or not on?

 

[Spectre2007]

That's not the question to ask, it's just a number either adhering to levels or not. If you try to fixate on one side, the market can take you out of the game.

Just think of it as a number and trade it based on where it's "projected" to head. Everything else is really meaningless.

Based on historical behavior, the market should head down within this 1 year window. Since its signaling it will. But that doesn't mean it can't check itself to see if it's a valid direction.

Price action does this on the one minute graph.

 

[Spectre2007]

Sell Signal
200 day MA
50 day MA

Sell Signal
200 exponential
180 exponential

Trendlines
overhead trendline at 2010, previous structure neckline 1980 zone
support/resistance pivot - 1950

the market moved the same point amount as it did from 1830 decline to 2010
this decline from 1800 - 1980

 

[Spectre2007]

As long as it stays above 1950 pivot stay long or pick a point to get long.

 

[Spectre2007]

Most funds are using the 50 day MA as pivot.

 

[dartmus]

Sell Signal
200 day MA
50 day MA

Sell Signal
200 exponential
180 exponential

Trendlines
overhead trendline at 2010, previous structure neckline 1980 zone
support/resistance pivot - 1950

the market moved the same point amount as it did from 1830 decline to 2010
this decline from 1800 - 1980

The parameters listed across the top of your chart show u are inadvertently using Low as a price input where u should b using something else.

 

[Spectre2007]

The parameters listed across the top of your chart show u are inadvertently using Low as a price input where u should b using something else.

The "low" is what I grew up with. I posted some charts in zero risk sp short thread.. Those charts of daily bars in relation to 2000 2008 crash use low also.

 

[Spectre2007]

http://www.elitetrader.com/et/index.php?threads/gotta-love-zero-risk-short-sp-500.297753/page-6

Here are some charts, normally I don't give away details of what I do.

 

[dartmus]

The "low" is what I grew up with. I posted some charts in zero risk sp short thread.. Those charts of daily bars in relation to 2000 2008 crash use low also.

That's unsupported b your use of Close price within the same context. I'm not trying to discourage u from posting charts because I enjoy your posts. Nor am I an expert at when it's appropriate to be using L as a price input but I've used it enough to understand when it's used incorrectly.