ES Journal Archive (2006 - 2008)

sosa1974 · May 4, 2006

I'll be the referee here. Both of you take profits during chop and dont try to ride too long.

El OchoCinco · May 4, 2006

Looks like a rising wedge on the 15-minuite chart, could be the halfway point of the downtrend....

1318 down to 1314.50 in general and rise up to 1316.25 and now the next 3 point move lower.. possibly...

romik · May 4, 2006

The most important issue is that small losses in the chop have to be offset by larger gains during high volume time trades. There is hardly any pace at the moment.

Buy1Sell2 · May 4, 2006

I still see downward potential with possible H and S RSI on hourly. Stop is above high of day

romik · May 4, 2006

OC, do you follow pace indicator at all, before any smart ... says anything funny, it's got nothing to do with pace maker

El OchoCinco · May 4, 2006

Not sure I follow......

romik · May 4, 2006

B1S2, i know what you are saying, though it keeps on breaking the top trend line consistently, not sure at all at the mo

sosa1974 · May 4, 2006

The market is looking like it is trying to stablize before the FOMC meeting May 10. I'm sure we will have a good indication next Tuesday on where this market wants to go.

porgie · May 4, 2006

is news important to intraday trader?......if your answer is yes, then no porridge for you tonight.........not even a spoonful........bad boy............

romik · May 4, 2006

Quote from optioncoach:

Not sure I follow......

Pace Indicator shows the pace (momentum) for the stock based on volume in a percent form. It compares the current volume for the last number of minutes (Pace Period) that you specify to the average volume for every Pace Period in the Averaging Period specified: