ES Journal Archive (2006 - 2008)

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Quote from romik:

covered 3 units @ 1286, will re-enter on Sunday/monday morning
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Nice trade Romik!! B1 what more can I say about your price targets...... No ES trades for me. I think I'll just wait for the FED action to play out Tuesday and then determine a more optimal add to my position.
 
Thanks Sosa, but I am hoping for a lot more :D

BTW Ishmael, you know that BRD on weekly in the S&P, IMO that is the most "powerful" divergence, shape wise. What are your thoughts?
 

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Looking back to Friday's trading day session, it looked almost exactly like June 2. Big Employment report followed by massiving buying then a big sell off. Aug 4 hi on SPY was 129.43, June 2 129.43 exactly the same. The big difference however was the 50 day ema on June 2 was 129.63 and Aug 4 125.81. If we bust out above 129.43 which is quite possible with the upcoming Fed meeting, 1320 here we come. If not down we go once again.
 
Quote from sosa1974:

Looking back to Friday's trading day session, it looked almost exactly like June 2. Big Employment report followed by massiving buying then a big sell off. Aug 4 hi on SPY was 129.43, June 2 129.43 exactly the same. The big difference however was the 50 day ema on June 2 was 129.63 and Aug 4 125.81. If we bust out above 129.43 which is quite possible with the upcoming Fed meeting, 1320 here we come. If not down we go once again.
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interesting comparisons there Sosa, but my chart does not show 129.43 on June 2, I'll check another source.
 
Actually I manually document every trade I make. That is to ensure that hi's and low's are documented for later use. Often we see misprints that never were hit. It kissed 129.43 for maybe a 20 to 30 sedconds and down it went. This is where I believe the ultimate bull/bear battle will be held.
 
Quote from sosa1974:

Actually I manually document every trade I make. That is to ensure that hi's and low's are documented for later use. Often we see misprints that never were hit. It kissed 129.43 for maybe a 20 to 30 sedconds and down it went. This is where I believe the ultimate bull/bear battle will be held.
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yeah sorry, u r right
 
Quote from romik:

covered 3 units @ 1286, will re-enter on Sunday/monday morning
More...

i've decided to wait until the fomc for re-entry, looking @ last fridays' candle, basically if the pros were indecisive, i have to be patient.
 
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