ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
OK, I think there will be no pullback today, 15 min upwards varies dramatically, I would say, to lower time frames

EDIT: B1 and your daily chart BLD complete on HIST
 
Quote from romik:

5 min HIST BRD complete, though not much action, looking at 10 min HIST now

EDIT: if there is no pullback after BRD on 10 HIST...i'll look @ 15 :)
More...

Triple BRD on RSI 15 :confused:
 
Quote from romik:


EDIT: B1 and your daily chart BLD complete on HIST
More...

Yes I agree. Luckily, I just had a small loss on my 240 chart and I am looking for an extended long bounce here. My timing has been off a bit and so I am happy that I used a stop .
 
B1, have a look @ double tops/bottoms on 60 min CCI, recently double bottoms/tops above and below +/-200, especially when there is a divergence have been providing cool signals
 
Quote from Buy1Sell2:

The 5 minute chart will be more likely to provide a short move here now that the 20 MA is beginning to flatten out.
More...

This certainly delivered for a short term chart trader. (5 points could have been made). I believe that the 20 MA plays a good role in filtering the good divergences from the bad ones. This is how it works on the daily and weekly charts to be sure and it would be no different here on the short term intraday stuff. Not to say that you can't get a good reversal with a high degree of incline or decline on the 20 period MA, but it is less likely. Notice how we had the bullish divergences on the daily chart and we are essentially getting flat the last day or two on the 20 day MA. The divergence indicates the probability for the next move, but is more likely to be caught for good with a flatter MA. This is called basing or carving out a bottom. I believe that an extended bounce upwards is in the offing here--as I have been saying. :)
 
Didn't trade Tuesday. Actually didnt trade today either. I got in the final hour when I saw they weren't going get to 1270. Had my order out there all day @ 70. Grabbed a short @ 2nd resistance pivot (1266) to reestablish a short term trade. I'm trying not to get too aggressive scalping before this FOMC meeting. I going to close this positon Friday sometime and looking to add above 1275 tommorrow if it happens. Kind of boring...
 
Quote from romik:

B1, have a look @ double tops/bottoms on 60 min CCI, recently double bottoms/tops above and below +/-200, especially when there is a divergence have been providing cool signals
More...

Yes--it does look like that has been catching the moves fairly accurately. And the moves have been more profitable per trade using the 60 in your scenario. Looks like , as usual, there just has to be patience with the move. Does it look like the better moves are also accompanied by the flatter 20 MA?
 
Quote from Buy1Sell2:

Yes--it does look like that has been catching the moves fairly accurately. And the moves have been more profitable per trade using the 60 in your scenario. Looks like , as usual, there just has to be patience with the move. Does it look like the better moves are also accompanied by the flatter 20 MA?
More...

i haven't looked into that yet (20MA curve), though would assume that you are correct, steeper angle would show strength of trend, but sometimes that's where really great divergence based volatility starts.
 
Romik, B1S2...

This may sound silly, but do you guys also look at what is on tap
for data with respect to how the averages will react?

I think we have a couple of reactive data due for release
still this week (correct me if I am wrong)...

Are you guys of the belief that this is baked in, or (will) can it
have a short term reactive effect..

I hope I worded this correctly..

Monaco
 
Status
Not open for further replies.
Back
Top