ES Journal - 2019/2020

[glazier]

Apparently 2895.75,2891.00 is the only support

first one was fairly good. Not my numbers so not taking the credit lol.

 

[speedo]

A measured move takes this to 2918

 

[SPYgrain]

Gonna share a little TA lesson here for y'all as an Easter present from me to you.

Part one is these two charts. Feel free to comment as you please as to what you do or do not see. I'll be back later for the reveal.

View attachment 200986

View attachment 200987

If you're trading to day, Good Luck ... and be careful out there!

I see several data points on both charts NQ..some of them provide good trade oppty's..thanks for posting these!

 

[tenny1886]

I see several data points on both charts NQ..some of them provide good trade oppty's..thanks for posting these!

i see a valley but if i turn the chart 360 i see a mountain with blue skies. Second chart i see a godzilla.

 

[SPYgrain]

i see a valley but if i turn the chart 360 i see a mountain with blue skies. Second chart i see a godzilla.

Ah yes, the blue sky - a sight to behold !

 

[glazier]

Gonna share a little TA lesson here for y'all as an Easter present from me to you.

Part one is these two charts. Feel free to comment as you please as to what you do or do not see. I'll be back later for the reveal.

View attachment 200986

View attachment 200987

If you're trading to day, Good Luck ... and be careful out there!

I see a double top in the 1st chart, and a kind of head and shoulders/doomed house pattern on the 2nd lol

 

[Buy1Sell2]

Happy Easter!

 

[NQurious]

Fired up the workhorse to see what I missed and couldn't resist this one on the NQ ... took 25 ticks profit.

I'm going to follow up with those two charts from earlier soon - need to do some annotating

 

[NQurious]

I see several data points on both charts NQ..some of them provide good trade oppty's..thanks for posting these!

i see a valley but if i turn the chart 360 i see a mountain with blue skies. Second chart i see a godzilla.

So, starting with Godzilla - a snippet from yesterday's NQ. Made some notes that to show how I use a chart which is simply price history in graphical form to make trade decisions, find levels, etc. You could do the same thing with an excel spreadsheet, but you'd have to be real quick with the highs and have an exceedingly sharp memory with instant recall. Pattern recognition skills would have to be through the roof. It is much easier with a graph.

The real TA lesson is in the next chart, which I will have in a bit.

 

[Laissez Faire]

Short term top in place. Should see a push down to 00 (almost there). Remains to be seen if we make new lows and finally fill the gap below at 92.

Not a high probability read either way according to my data as there's a small chance we can find support on this current downleg for a move back up to 2910.

Interesting to see the low probability scenario playing out by the close. These days are somewhat rare and generally not bearish, but set up more up side or rangebound movement in the near future.

As mentioned in another thread, my bet is that a test of the highs from September/October last year is due.

This market have had every opportunity to sell, but it just won't. At least not yet. IMO.