ES Journal Archive (2006 - 2008)

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Quote from BoyBrutus:

Didnt it hit it at 10:48 ?:confused:

Yes. It is becoming a key level for determining the next move. I think what he is intimating is that an attempt to take it out would come , rather than just a bounce.
 
Quote from Buy1Sell2:

Yes. It is becoming a key level for determining the next move. I think what he is intimating is that an attempt to take it out would come , rather than just a bounce.


I think if we close strongly today above 1302.50 or 1313.50 on the ESUZ we will be on our way to 1320 or 1331 on the Z.
 
whoa sure feels like there's a lot of strength on the upside...

blew right past lunch hour. looks like people were too busy to eat today!
 
Quote from Buy1Sell2:

I am a longer frame ES trader. I'll try to throw some short term charts in though. Thanks for the input.:)

May be someone else shows a few of
these short frame (tick, 1-3 min.) charts
provided they have useful adds :-)

Charly
 
1291.50 is clearly the recent reaction low now. As always , I keep my sell stop 6 points below the recent reaction low. Hourly charts, it's 2 point below/240 chart it's 3 points below/Daily it's 6 points below.
 
Quote from Buy1Sell2:

60 Minute chart has now shown bottoming and a bullish tone. See attached chart.

Here is the 60 minute chart extended now from where I posted it the other day. Some of the signals here are very very good. Stops are set outside "noise". I'm still long from the daily chart right now. I could probably make more by taking the intraday stuff outright, but when you factor in my hedge income from call sales etc., my position trading comes out just as well or better with less time involved. That is what I try to achieve--free schedule to pursue life as I like to. Good trading to all--
 

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