ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Added one short unit here at 1269.50 on the 15 minute chart bearish divergence
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Is this the calm before the storm? I am wondering if we are going to break down hard in the afternoon and close this gap.

On bloomberg a trader just said keep your eye on 1262/1263 which is the 200 day MA. They seem to mention these numbers for whatever reason and the market trades to them.
 
Quote from Buy1Sell2:

absolutely
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Allthough the trend is up, this is not a good sign to be long right now, I had to pull out of the short, now waiting for another short entry
 
Quote from romik:

Allthough the trend is up, this is not a good sign to be long right now, I had to pull out of the short, now waiting for another short entry
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that is the correct way! What I would normally do is add size on the next signal. Notice here--I am not using stops, rather I am building a new short term short position. Hourly chart is still long.
 
So far there have been 50K more ES contracts hit on the offer than taken on the bid. That's definitely bullish. Plus, the $ISSU has been well above 2 all day. Not sure what you guys are seeing that indicates shorting is the way to go.
 

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Quote from Buy1Sell2:

that is the correct way! What I would normally do is add size on the next signal. Notice here--I am not using stops, rather I am building a new short term short position. Hourly chart is still long.
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I will add my next short on hourly divergence--note -there is certainly triple bearish with failure swing on 15 minute chart.
 
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