The end of the 10.30 bar (10.42) was actually a weaker buy signal with a higher second RSI trough. I say weaker simply because even though the trough was a bit higher than the previous one, the price exhibited a much higher second trough which is indicative of divergence. In addition, we are in OB territory.
ES Journal Archive (2006 - 2008)
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This is a marketenvironment i don`t like, low volume, someone called these thing PAW-Zone (pissed against the wind...), by my chart still long, marketinternals ~bullish, ohhh just moved..
Buy signal not created yet since the last one. The pattern as it is developing now --higher prices RSI touching OB line but lower than earlier peak is ripe for downside divergence. 60 minute chart just now hitting OB line on RSI. Macd on 12 could be starting a bearish divergence. More time for development is needed here on both sides.
Well I missed a second long entry at 11:08 AM.... nice spike and run higher 
. I went long at 10:35 AM at 1298.25 and got out at 1299.25 which was yesterday's high and intraday resistance for some time. However we just spiked over it to 1300.
Use 1299.25 as a stop loss for any longs... too bad I missed my second entry
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. I went long at 10:35 AM at 1298.25 and got out at 1299.25 which was yesterday's high and intraday resistance for some time. However we just spiked over it to 1300.Use 1299.25 as a stop loss for any longs... too bad I missed my second entry
.Romik:
Look at using yesterdays OHLC for potential price targets and stop losses. I think your short would have been covered as it spiked over 1299.25 (yesterday's high). All moving average indicators have been showing bullish trend since the opening today. I do not think 1293 is a price target for today at least.
Sorry for the loss but I am sure you can trade it back.
Look at using yesterdays OHLC for potential price targets and stop losses. I think your short would have been covered as it spiked over 1299.25 (yesterday's high). All moving average indicators have been showing bullish trend since the opening today. I do not think 1293 is a price target for today at least.
Sorry for the loss but I am sure you can trade it back.
creepertrend up...., i had some days former I tried to short those things whole day, the shape is dangerous, looks always like exhausted and you see lot of divergences, but steps up and up....
Does anybody look on TRIN,TICK,Premium?
TRIN is very bullish, premium on Buyside for futures.
My chart went not short since open, but i missed the move too, did cut 12 points YM out. I will not think about short until my chart says shorttrend. Most will not think about long here, but here is the better risk/reward
Does anybody look on TRIN,TICK,Premium?
TRIN is very bullish, premium on Buyside for futures.
My chart went not short since open, but i missed the move too, did cut 12 points YM out. I will not think about short until my chart says shorttrend. Most will not think about long here, but here is the better risk/reward
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