ES Journal Archive (2006 - 2008)

[romik]

both 3&5 are trying to point to possible upside, 15 still short

 

[volente_00]

My grail gave a buy at 1381.75

 

[romik]

Quote from volente_00:

My grail gave a buy at 1381.75

I was short since 1384.90, staying short for now. Which grail do you refer to?

 

[tikutka]

Romik,may i ask you,what made to short at that point?

 

[romik]

Quote from tikutka:

Romik,may i ask you,what made to short at that point?

I was seeing top in the FTSE futures which I've shorted same time as S&P. S&P had the short pattern present that we are currently discussing in this thread. Also, I was counting on continuation of a bearish divergence in the hourly chart, which has started playing out yesterday. Still short. FTSE also still short at the moment since 6225 into MOC in London.

 

[Keeper]

Market is week, short pullbacks.

 

[romik]

annotated chart

bottom trend line in RSI is tracking 3&5 TFs uspside in relation to 15.

 

[tikutka]

Thank you Romik.I've got you on the FTSE and yesterday's short but regarding today just have a look at the attachment.Is this the one bearish divergence in the morning that you were talking about?

 

[romik]

Quote from tikutka:

Thank you Romik.I've got you on the FTSE and yesterday's short but regarding today just have a look at the attachment.Is this the one bearish divergence in the morning that you were talking about?

Here is the divergence on the hourly chart and today's 15 min chart that I've posted earlier served as a trigger point.

http://www.elitetrader.com/vb/attachment.php?s=&postid=1259902

 

[tikutka]

Thanks romik,i've noticed from your chart that you don't use after session/night data.Don't you think it can give less clear picture?