ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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This could be important, I have a gut feeling it just might carry some weight here. You see S&P500 starts trading half past the hour, so all hourly bars would be closing half past (same goes for Globex).
At the time when FDAX & FTSE both open on the hour so their hourly bars close on the hour. Now, my charts are set to close ES hourly bars ON THE HOUR, I hope you fellas understand where I am getting at, I know that US is THE biggest economy out there & all eyes are on US during RTH, but we can not skip the fact that we are living at the time of global economy
At the time when FDAX & FTSE both open on the hour so their hourly bars close on the hour. Now, my charts are set to close ES hourly bars ON THE HOUR, I hope you fellas understand where I am getting at, I know that US is THE biggest economy out there & all eyes are on US during RTH, but we can not skip the fact that we are living at the time of global economy
Holding long here. There haven't been any perfect long setups yet. The 60 and 120 are showing promise, but the setups are not perfect yet. It would be much better if the 240 showed a bit more life. The 15 and the 30 show the most promise right now if you trade those frames. In any event, I stay long here based upon the bigger picture of daily, weekly, monthly.
NQ looking good at the moment.
NQ looking good at the moment.
one last time for those that apprciate.......it`s all about RTH & the 60 min TL.
you can draw 60 min TL across the top of diamond set up
60 min bullish reversal diamonds are in jeopardy.......bulls need to clear 50 with conviction to have it come to fruition.........OR we see 26.
$90 dollar oil can be a catalyst along with china.
you can draw 60 min TL across the top of diamond set up
60 min bullish reversal diamonds are in jeopardy.......bulls need to clear 50 with conviction to have it come to fruition.........OR we see 26.
$90 dollar oil can be a catalyst along with china.
B1....one of the biggest sins in trading is adjusting time frames to accomodate a losing trade.....which is pretty much what i saw yesterday.if one was seeking 6 points...i don`t believe one should risk more than 6 points to see if the trade works out or not.
is this something you do often on a short term trade?i know you are not short term oriented at all......but the trade you put on was.....do you reccomend to some of the newer traders to employ such a strategy as to accomodate a losing trade by switching time frames?....regardless of what the dominant trend is.
is this something you do often on a short term trade?i know you are not short term oriented at all......but the trade you put on was.....do you reccomend to some of the newer traders to employ such a strategy as to accomodate a losing trade by switching time frames?....regardless of what the dominant trend is.
they will jam the futures up on ya shakin out bear positions. just cleared the deck of longs. games n more games, I wouldn't be overtly bearish, the markets goal is to make you buy the high and sell the low.
I only put on trades that make sense from a daily,weekly, monthly perspective. Thus I agree with you that one should never change time frames. When I put the trade on the other day as a daytrade , it was simply an entry during the day that I didn't mind holding due to a recent upturn in TLNW. I was being tongue in cheek about trying to get 6 points. I agree, noone should never change time frames. It gets you in the habit of trying to see things that aren't there.
FWIW Spooz...
On the downside, my stuff suggests 1527.00... 2 completely different sets of analysis, same (close enuf) results!
Beyond, there is very little to prevent retracing the Bernanke rate cut in it's entirety, 1500 being the inflection point.Not a bull or a bear, just trading it as I see it.
Good trading to all
you would`nt be overtly bearish.......so that makes you bullish?
i would NOT be bullish until that 50 is taken out with conviction....any pattern looks good....until it pukes.
bears have an objective & they`re not giving up on it.......scary thing is if they get momentum....they can carry it further.
they set the bulls up with a powerfully potential bullish pattern & took it away on the overnight..............HEAVY
Quote from osorico:
FWIW Spooz...
On the downside, my stuff suggests 1527.00... 2 completely different sets of analysis, same (close enuf) results!
Not a bull or a bear, just trading it as I see it.
Good trading to all
agreed Oso.......i`m niether a bull/bear......but i will "lean" where the evidence/PA points to.
after 26/27.....i have 20......then big air to your inflection point......so i believe we are on the same page here,Oso
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