ES Journal Archive (2006 - 2008)

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Quote from optioncoach:

Wait for the institutional money to come in. If you start to see long green candles then they will push it higher to the close. Long red candles, the opposite.

That's right OC, I normally trade them for 1-2 point continuation patterns (WRBs).
 
Probably a mistake, but I'm out. Was long @ 1234. Closed out @ 1233.75. Indicators are all over the place, mostly neutral. I stand by & watch.
 
Quote from yvberj:

Probably a mistake, but I'm out. Was long @ 1234. Closed out @ 1233.75. Indicators are all over the place, mostly neutral. I stand by & watch.

you've done the right thing IMO, I would wait for the histogram to pass 0 on 15, if you do use macd

EDIT: RSI and CCI are pretty much alligned, have histogram pass 0 will provide a strong buy signal.
 
Quote from romik:

you've done the right thing IMO, I would wait for the histogram to pass 0 on 15, if you do use macd

EDIT: RSI and CCI are pretty much alligned, have histogram pass 0 will provide a strong buy signal.

Don't know which MACD parameters you use, but I use 5/15/5 and that's been neutral most of the day on the 15m. Shorter time frames have been OK.
 
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