ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

covered short here at 1309.25 ----*** 20 point profit. No position on for right now except the positional short build.
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Results from Tuesday March 21, 2006

2 trades 1 winner, 1 loser
16.5 pts profit= $825.00
Commission= $18.81
Total profit =$806.19
 
It's only Wednesday, but if things continue on the course they are now, the weekly chart will show bearish divergences in both the MACD Histogram and the RSI. Taking a look at last years bearish divergence in both RSI and MACD Histogram of 3/11/05, one can see that the market subsequently dropped about 70 points from it's high. -Granted, last year we also had a failure swing. Last 3 days of trading this week could negate this analysis--it's perhaps a bit premature, but I am thinking ahead. Just some thoughts here out loud.
 
day trade short here at 1307.50 stop is at 1311.00


Trading using a 3 minute chart today incorporating BB, MACD Histogram and RSI. All show signs of reversal. Negatives on this trade are that both RSI and MACD made higher peaks along with the price. 1306.25 is obviously a support point here in this time frame. We need to break through there.
 
Quote from Buy1Sell2:

day trade short here at 1307.50 stop is at 1311.00


Trading using a 3 minute chart today incorporating BB, MACD Histogram and RSI. All show signs of reversal. Negatives on this trade are that both RSI and MACD made higher peaks along with the price. 1306.25 is obviously a support point here in this time frame. We need to break through there.
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Stopped at 1311.00 loss of 3.5 pts
 
Quote from Buy1Sell2:

new day trade short here at 1310.25 ---- 2 units this time stop is 1313.75

Failure swing in RSI
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u've joined me at same level there partner, there is a bit of a fight over 1300 level going on :)
 
Quote from romik:

u've joined me at same level there partner, there is a bit of a fight over 1300 level going on :)
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now we've got an RSI bearish divergence on the 3 minute chart.
not on the 15 or 20 yet. If stopped out , I will definitely add another position on the next signal
 
Even the 15 and 20 minute charts are now showing bearish divergence.--Price vs MACD Histogram, RSI -- Question is --will I be stopped out before a selloff occurs-- Will there be a selloff? Hourly chart has not diverged yet, so maybe these shorter term signals are false. In any case it should be interesting. --to me anyway.
 
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