ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

EdgeHunter, do you daytrade or swing/position trade?

I try for the large swings within a day... but i am mentally moving closer and closer to swing trading...

I have all the SP500 stocks coded in a DDE excel feed to a charting program and i have the SP500 Advance Decline updating every 2 seconds and the SP500 Volume Diff (up vol - dn vol) every 2 seconds and SP500 Fast Cash every 3 seconds(rather than waiting 14 seconds for the SPX from the CBOE), and the SP500 Fast Avg to see the committed depth - plus the ADD and VOLD for both the NDX and DOW - and so it is a LOT easier to see good or bad entries rather than just watching the stale nyse tick & add readings...

but like anything else the only Holy Grail is between your ears or not...

:p

cj...

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Quote from MONACO11:

Hey guys,

So if I understand this, we might see a pullback from this point intraday with an eventual bounce to the 1263 area...correct?

Thanks

Monaco

================

Yes , 5 day hourly candles are making higher lows, end of month may help that also.

Most of trends are still down,& would have to admit May & June hasn't had much quality/quantity uptrends:cool:
 
Quote from Buy1Sell2:

The 15 minute chart sure did feature a nice RSI Bullish Divergence this morning didn't it?

Was a nice litle run up. Looking for a pb and will hopefully resume.
 
Quote from Buy1Sell2:

I believe that this current pullback is a fake out.

there was a BRD on 30 CCI (double top in CCI) from yesterday, which I forgot to publish last night, it already has played its part in the morning range decline and then we had your BLD on 15 RSI.

EDIT: also there recently was a lower peak in CCI 30 and RSI 30, so I would say all eyes on 1251 level.
 
Quote from romik:

strong BLD formation occurring on RSI 15 and possibly CCI 15...a bit early at the mo

EDIT: once complete on 15, 30 TF is showing signs of a BLD as well, so this could be the trigger for a daily BLD...who knows?
 
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