ES Journal Archive (2006 - 2008)

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Quote from romik:

Just scalped 1.5 points via bullish divergences on 1,2,3 min charts.

The main issue is sustainability of any up move.
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yes--that is the issue. I do feel that when it occurs, it will be significant.
 
Stopped out at 1246.25 [actual place I put stop, typo below]. Good trade in my opinion because I planned it out and even though I was wrong I took a very limited loss according to the adjusted stop loss.

B1: I just saw the bullish move on the 5-minute chart as well but missed my entry so not gonna chase it...


Quote from optioncoach:

Only a point up from my 47.50 entry so gonna let run longer in the night and see....

Stop raised to 1246.50.
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Quote from romik:

B1 and guyzzz, I keep looking at the daily chart of the S&P and can't help but be more and more convinced that it's going to tank this week.

We are at November 05 range at the moment and with most technical indicators suggesting a down trend (longer term), personally, though I do not possess the experience of some posters on this thread, it seems to me that "a miracle" is needed for the index to reverse at this moment and time.

Hopefully I am not the only one thinking along these lines.
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=============

Romik;

Tuesday can live its name sometimes,
turnaround tuesday;
and the more I kook @ daily candles this month, the more I think it has tanked [downtrend medium time frame trend ] when ES failed to clear 50 dma. this month.
:cool:
 
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