ES Journal Archive (2006 - 2008)

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GOt out at 1238.25 for 1.00. Did not see the strong move out of the candle reversal I spotted and a lot of back and forth so took the point and got out.

EDIT: notice the extra point surge right when I got out lol...

Quote from optioncoach:

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
 
ON paper I would go short here at 1237..... looks like breakout to the downside but do not want to get in right before lunch so this is on paper...
 
Im just curious to see if anyone here looks at sentiment indicators such as Put/Call ratio, VIX, AD-Line, etc. Im partial to the VIX since its a nice contrarian indicator. Keeps me out of alot of "iffy" trades.

-Nick
 
there has been a B1S2's B class bearish divergence on CCI 15-30 min time frame, it's made some downside already. though my thoughts are that there will be more selling, it kinda looks like what happened yeterday in CCI

EDIT: and a triple bearish in histogram
 

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Quote from optioncoach:

ON paper I would go short here at 1237..... looks like breakout to the downside but do not want to get in right before lunch so this is on paper...
 
Quote from Buy1Sell2:

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.

I entered 4 units long at 1237.50 pullback basis September

Used the 5 minute chart for entry. No divergence, but had the second higher histogram trough at the size that I like to see. Decision for long based on hourly chart--Entry based on 5 minute chart.

This was indeed earlier than I had planned to add ie using intraday chart and not daily., but the opportunity seems good.
 
Quote from romik:

there has been a B1S2's B class bearish divergence on CCI 15-30 min time frame, it's made some downside already. though my thoughts are that there will be more selling, it kinda looks like what happened yeterday in CCI

EDIT: and a triple bearish in histogram

I agree it will soon be tank time. Both SPY and QQQQ made fresh lows in the premarket which have not yet been tested. 2 PM looks like a good time for the BS to start piling up and possibly a good way to get an edge would be to watch the 5 minute $trin +/- BB for either a quick early tell or signs of a sustained change :confused: but :cool:
 
Quote from ljyoung:

I agree it will soon be tank time. Both SPY and QQQQ made fresh lows in the premarket which have not yet been tested. 2 PM looks like a good time for the BS to start piling up and possibly a good way to get an edge would be to watch the 5 minute $trin +/- BB for either a quick early tell or signs of a sustained change :confused: but :cool:

Maybe they're starting early - waiting for YM.
 
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