ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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S2, I didnt take any heat. Not even 1/4 point. Yes 3 contracts @ 1299.50. Holding now because of the daily trend and 60 minute charts indicating roll over. Waiting for them to test 200 day moving average before its confirmation for me. I'm not going to make any predictions though, as anyone's guess is as good as mine.
Looks like a double bottom in ES at 1285. Options expire Friday.
To those who are using Slow stochastics, I read an article recently aboutusing multiple time frames on slow Stoch on the same chart for stronger signals. It uses 10, 15, 20, and 25 time period Slow Stoch on the same chart.
When all 4 Stochs are below the oversold line and start turning up, you get a nice long entry. Of course this is not to be used as a sole indicator but in conjunction with your other signals, could provide some good high prob entries/exits.
Here is a sample quickly of how it could look in TradeStation:
When all 4 Stochs are below the oversold line and start turning up, you get a nice long entry. Of course this is not to be used as a sole indicator but in conjunction with your other signals, could provide some good high prob entries/exits.
Here is a sample quickly of how it could look in TradeStation:
Looks oversold on daily charts. Went long at 1287 to hold through the rest of the week. Today's news just popped the bubble of the dreamers who thought the Fed was going to stop raising rates in an economy growing nicely and high commodities prices lol. Therefore, traders are most likely pushing us down to an extreme today and we could have ES back above 1290 soon. If not I have a tight stop and will get out of the way if I am wrong 
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