ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

There now exists a triple bullish divergence on hourly charts . The third higher Histogram trough gives a different look this time as it is above the zero line. Also RSI Divergence is easy to see.
Buy on pullback as shorter term charts are overbought.
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I recommend the extent of the pullback be guided by the Romik(tm) 1 minute and 5 minute chart . When those show reversal upwards, I would say that it would be a good buy for entry on the hourly chart.
 
Covered at 1234.75 for 1.50 points. Might have to get up in a few minutes from the screen so wanted to take the profit now.

I think we have more downside room from here to 1233....

Quote from optioncoach:

Bearish flag forming on ES 5-minute chart. Looking for short entry.

EDIT: Short at 1236.25
Stop near 1239
Target near 1233 or so...
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Bullish entry coming on 5 minute chart and candlesticks.... if it closes or moves to 1238 I am long again..

EDIT: Long at 1237.25

Mental stop around 1235 or so :D
 
Got stopped out at 1235.75. Would have like more but picked up 1.50 pts. My 5 & 15 min. still dn. 3m ? I think it will bounce dn from the 1m 50 ema.
 
For every clear signal on 1 minute charts I have been whipsawed out lol. I am fine a little late on the 5 minute chart with less whipsaw.

On the 5 minute chart I had a long-term bull flag PLUS Morning Star bullish candle formation. Mental stop now just below 1236.50...

Quote from romik:

you could have seen an earlier sign here OC
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Quote from optioncoach:

For every clear signal on 1 minute charts I have been whipsawed out lol. I am fine a little late on the 5 minute chart with less whipsaw.

On the 5 minute chart I had a long-term bull flag PLUS Morning Star bullish candle formation. Mental stop now just below 1236.50...
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I agree OC I get whipsawed with the 1 m. also. I don't mind getting in and out a little late with less whipsaw.
 
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