ES Journal - 2017/2018

[Buy1Sell2]

Ja I do understand that Zodiac's 240 chart indicates sell, but when I look at cash daily chart, all I see is pause or higher, not sell. Thus we do not have coordinated charts. I remain long.

 

[speedo]

I know I am playing semantics here, and I understand what you mean, but technically rallies only occur in down markets.

Fair enough, let's say trend resumption following correction.

 

[Buy1Sell2]

Long. Long. Long!!! 2361.50. Stop looks to be 2357.00

 

[CBC]

Quite a nice 13point sell-off there. Hope u all had a good session.

 

[Buy1Sell2]

Quite a nice 13point sell-off there. Hope u all had a good session.

What trade did you take today?

 

[CBC]

Hey B1S2. No trading ATM. Just following. I would have gone long at the open in the current market tho.

I'l post when I'm trading again. Wishing you the best for the next session.

 

[Zodiac4u]

Ja I do understand that Zodiac's 240 chart indicates sell, but when I look at cash daily chart, all I see is pause or higher, not sell. Thus we do not have coordinated charts. I remain long.

The last time the 240 showed an indication of a sell was on 1/29,1/31 and that day reversed. But there's always room for more. But if you look at the last three daily's closes, they are showing signs of weakness and now the 240 is getting ready for its next move. You cant take a hardline approach when doing a directional guess, without a reversal point, you might as well take up knitting.

 

[Zodiac4u]

Check out the 9am 1mn bar, wow nice banjo with big volume, leaning south

 

[Buy1Sell2]

I like pullbacks overnight in up markets. This one may take a few days to resolve itself, as I indicated yesterday about the 4 hr showing sell but daily showing pause or higher. If wrong, I have my stop.

 

[Buy1Sell2]

Bottom line though--whether resumption of uptrend happens today, or in 3 days, I am staying long unless stopped out.