ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from romik:

yes thanks, signals have not been great as the 10 and 15 min histograms were still bearish, that is why I wanted to see yesterdays 15 min histogram vs 5 min one, but it worked as it happened in a sequence of 1,2.3 and 5.

Here it is. I thought I had posted the 15 minute one yesterday, but maybe I didn't. Hope it helps

 

[Buy1Sell2]

By the way, Bearish divergence occurred on the one minute chart at 2.56 Price was 1259.50 (June)when it occurred. It was actually a triple

 

[romik]

wow, thanks. yeah that was the difference, as I pointed out todays histogram at the time of call on 15 min time frame has been bearish, that's why it has been a tricky one and that is why I've closed a little while ago and went short recently.

 

[Buy1Sell2]

Quote from romik:

wow, thanks. yeah that was the difference, as I pointed out todays histogram at the time of call on 15 min time frame has been bearish, that's why it has been a tricky one and that is why I've closed a little while ago and went short recently.

This will lend itself very much to a many screen system. That is exactly what a trader need do--Use different time frames to uncover the movements as longer charts lag. I am using 3 charts right now. 60 minute as the short frame, Daily is intermediate and Weekly is long term. For anyone reading this journal, Romik is in possession of everything he needs to be successful. --As long as he is prudent with money management and uses low leverage. He cannot fail long term

Edit--Markets will not be able to contain him. I am reminded of the end of "The Matrix" where the Matrix was not able to defend itself against the superior Keanu Reaves who controlled his own destiny.

 

[romik]

Quote from Buy1Sell2:

This will lend itself very much to a many screen system. That is exactly what a trader need do--Use different time frames to uncover the movements as longer charts lag. I am using 3 charts right now. 60 minute as the short frame, Daily is intermediate and Weekly is long term. For anyone reading this journal, Romik is in possession of everything he needs to be successful. --As long as he is prudent with money management and uses low leverage. He cannot fail long term

Edit--Markets will not be able to contain him. I am reminded of the end of "The Matrix" where the Matrix was not able to defend itself against the superior Keanu Reaves who controlled his own destiny.

I'll let you know in 10 years time or so , thanks for words of encouragement, appreciated.

 

[Buy1Sell2]

All eyes are on Romik as he eyes the 1 minute bullish divergence and decides if it's strong enough and where to put the stop.

 

[Buy1Sell2]

Quote from Buy1Sell2:

I believe we will be heading for a retest of the 1300 to 1310 level basis September in the near future. I say this fairly early in the day, but if the market completes this bullish divergence on daily charts, I believe it will happen. Lots of trading left today--it could be negated. If chart stays as is right now, it's bullish.

The bullish divergence that I referenced here did not occur today due to the late day selloff. There would be a possibility it could still happen in the next couple of days or so. If not, then the retest of the upper range would be in question.

Hey Romik, I noticed that towards the end of the day , there was triple RSI top on your one minute chart that was fairly strong just prior to the sell off.

 

[Buy1Sell2]

Quote from abaker:

very nice trading buy1

i read this journal everyday
i dont post as im not trading, just watching and learning from yourself, romik, spike etc

very nice journal

Thanks very much. Feel free to post anytime and it's good to hear from a "lurker"

Hey where's Sosa today?

 

[romik]

Quote from Buy1Sell2:

All eyes are on Romik as he eyes the 1 minute bullish divergence and decides if it's strong enough and where to put the stop.

I was short at the time and that 1 min divergence was pretty weak, narrow range to start with (lows 66.25-65.50), 3 and 5 min charts did not offer anything solid (no macd xovers, histogram never reached 0) and there was something else I can't remember right now, basically I stayed short.

Have a great weekend guyzzz!

 

[romik]

Quote from Buy1Sell2:

...Hey Romik, I noticed that towards the end of the day , there was triple RSI top on your one minute chart that was fairly strong just prior to the sell off.

I didn't pay any attention to it (actually I didn't even notice it) as it happened below 70, didn't it?

Oh yeah, there was a doji on 2 min chart that also suggested staying in the short.