ES Journal Archive (2006 - 2008)

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....breaching hourly channel now ....

... target of break of rising wedge on daily chart has now been reached.....

next possible target is 18.75
 
Quote from Pekelo, posted yesterday morning:

The uptrend ended on Friday when SPX touched the upper BB. A trend is always depends on one's timeframe of course.
My minimum target is when we reach or at least get close to the lower BB which is 1520-30 on the cash. I give it 5-7 trading days....
More...

Cash is at 1527 only 1.5 days later...

We are still about 15 pts away from the lower BB on my silly Bigcharts chart, nevertheless my prediction as usual, was right on....
 
Quote from JimmyJam:

While normally I'd disagree with ya, I think you might be getting in on the bottom here.

Close above 1546 and you're golden.

JJ
More...

Could you be just a bit more ambiguous?

All The Best, DMartin
 
Quote from tommymoose:

Ironic, since it seems like every post of yours is worthless criticism.
More...

I was looking for one of Pekelo's charts and I kept coming across DMartin's blather, and yeah, you're right.

The guy criticize's everything that everyone else does and says here ... he must be one of those ET millionaires! :p

LMAO - all the best :D

***

Now, back to the trading, Pekelo, how do you know the chart is going to reverse before it does? :confused:

It can climb the Upper or Lower Bollinger Bands for a while before putting in a reversal.

Good trading,

JJ
 
... and here is a copy of my chart

I'm using the SPX Daily

Bollinger Bands set to 20 period with a standard deviation of 2.

They look different.

However, one thing i noticed.

When trading intra-day, it might work for some traders to use this as a filter on the daily.

If the Bar is closing above the SMA 9, take long trades, if closing below, take short trades.

Experiment, choose your time frame according to your liking.

Good trading,

JJ
 

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