ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from pkts:

Thanks a lot B1S2. Thats a fascinating method. I like the longer term nature of it.

It actually works in any time frame. The degree of the move generally corresponds to the time frame.

 

[volente_00]

Quote from Buy1Sell2:

Long 2 units here at 1250.25.

you getting flat today ? Or going to roll that over ?

 

[Buy1Sell2]

Quote from volente_00:

you getting flat today ? Or going to roll that over ?

This is in the short term account. I am long in that account. I guess it could be said that overall I would be close to flat, but the two accounts are separate.

I will roll the 9 short units into September in the next couple of days and I will keep the short terms in June.

 

[Buy1Sell2]

5 minute divergence is good for about 5 points so far. I'm on hourlies, so once again I am ignoring.

 

[Buy1Sell2]

Now that a new more significant low has been made on daily charts, I would begin watching them for the formation of bullish histogram divergence as well as watching intraday charts for that. May not happen, but the seeds are being sown here.

 

[Buy1Sell2]

Here's the bearish divergence from earlier today

 

[romik]

Quote from Buy1Sell2:

Here's the bearish divergence from earlier today

Bootiful

 

[Buy1Sell2]

Quote from romik:

Bootiful

I didn't take it, but a few more days with this type of volatility and I may have to go back to the short time frame

We'll see.

 

[Buy1Sell2]

Here is the 15 minute chart showing a little different view of the market, but same result.

 

[Buy1Sell2]

Looking at the 15 minute chart, there is no histogram bullish divergence, but there is certainly RSI bullish divergence with failure swing. The hourly chart is brewing a bullish histogram divergence. We'll know at 1:30