ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
dont forget.. this market doesnt have to head higher... we are in place to put in a major DT at resistance..... react to the price...


if we break 1345-50 start drifing higher to retest 58-60 and start failing again ... that is your signal to jump on short with a tight stop for a 100 pt decline.
 
This is what I'm lookin at (1st try ever posting an image on a forum, so I hope it works).

I see some pretty strong Resis 1370 to 72, and again around 1385. Although I was expecting a rally into the FED, this looks weak to me.
 

Attachments

Quote from Jayford:

This is what I'm lookin at (1st try ever posting an image on a forum, so I hope it works).

I see some pretty strong Resis 1370 to 72, and again around 1385. Although I was expecting a rally into the FED, this looks weak to me.
More...

Sorry J, but ImO it looks more like an ascending angle than a wedge, because for this to be a wedge formation you would need both upper & lower TLs rising and narrowing the gap between the 2 as price heads higher.
 
I never call these things by their correct names. I just know how I trade em. That line where I had 'wedge" written was actual a DPTL.

Anyway, just wanted to post what I was lookin at.
 
Quote from JSSPMK:

Contemplating upon a Gold Long here off 60,15,10,5,3,2,1, need one more dip towards 925.5-0 preferably.
More...

Price touched 926 and 1 min put in 2nd higher trough, managed to get in at slightly higher price, scaled out now.

Looking for re-test of recent highs

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1770986>
 

Attachments

Tmoose, yor chart from last night could b settin up inverse head an shoulder,looks like rally above 1400 then chop for right shldr
 
Unless a short signal presents itself earlier, I will be making my swing trade short a little below 1310 on a stop. Still holding longer term short here as well as the 2 contracts short from just above 1400:)
 
Status
Not open for further replies.
Back
Top