ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from Buy1Sell2:

short here at 1404.50 on the 15 minute chart. Will post chart later.

Here is the ES 15 minute continuous chart from this afternoon showing the potential for a short trade.

 

[romik]

Is that a Batman there B1?

 

[Buy1Sell2]

Quote from romik:

Is that a Batman there B1?

yes. The right side is not quite as lengthy as would be optimal, but yes. Stop should be above 1408.00 at a place of your choosing.

 

[Charly]

Quote from Buy1Sell2:

Here is the ES 15 minute continuous chart from this afternoon showing the potential for a short trade.

Would some care to let me know where
the "grail" has been explained - have not found it yet and thus don't understand it.

Thanks.
Charly

 

[romik]

Failure Swing

From Reuters Financial Glossary

A term used in technical analysis with specific reference to the Relative Strength Index (RSI). A top failure swing occurs when the market is in an uptrend and the RSI is over 70 but the next peak fails to exceed the previous peak. Similarly, a bottom failure swing occurs if the market is in a downtrend and the RSI is below 30 but the next peak fails to fall below the previous peak.

 

[wave]

nicely played Buy1Sell2.

 

[brightstone]

Is there a long grail forming on the five?

 

[volente_00]

Quote from wave:

nicely played Buy1Sell2.

He had a little help from the head and shoulders formation

 

[volente_00]

1401.25 is 50% retracement

 

[romik]

Looks like another Batman on the hourly? 2 batmans, double trouble (for longs)?