ES Journal Archive (2006 - 2008)

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b1s2, can you elaborate a little more on what you're looking for on the RSI? higher trough on long grail. lower peak on short grail. any more details?
 
Quote from m4a1:

b1s2, can you elaborate a little more on what you're looking for on the RSI? higher trough on long grail. lower peak on short grail. any more details?
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Not too much, except to say that they work better when the 20 period MA is flatter and I prefer the long signal to be coming from contact with the 30 line and the short signal to be coming from contact with the 70 line.
 
all the way down to the congestion level i guess. i am short so hopefully you're right.:D

you use a 24/7 chart even for ES?

Quote from Buy1Sell2:

How much of a selloff should we expect from this hourly ES chart? Any?
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Quote from m4a1:

all the way down to the congestion level i guess. i am short so hopefully you're right.:D

you use a 24/7 chart even for ES?
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yes. I am still long from the daily chart, so I am not trading this one. My stop is well below 1302.50 on the Dec chart.
 
Quote from m4a1:

all the way down to the congestion level i guess. i am short so hopefully you're right.:D

you use a 24/7 chart even for ES?
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Just make certain that you are using a stop loss that you can live with. This one is a countertrend trade. Hopefully you got in when the signal occurred at 1318.75 and have a little profit already.
 
yeah i did get in early and have a little profit already.

Quote from Buy1Sell2:

Just make certain that you are using a stop loss that you can live with. This one is a countertrend trade. Hopefully you got in when the signal occurred at 1318.75 and have a little profit already.
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Quote from Buy1Sell2:

How much of a selloff should we expect from this hourly ES chart? Any?
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I think that it has run out of steam, BRD worked and now looking to go long, will wait till 11.30.
 
Quote from Buy1Sell2:

My 1320 secondary target is getting very close. I believe there will be a bit of a pullback at some point as the 240 and the hourly are initiating patterns that have in the past produced downside. I still hold 1360 as my longer term tertiary target.
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This 1320 call was achieved Wednesday. Looking at daily charts, there is no indication to be short here. Stop is below 1302.50 reaction low on the daily chart.
 
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