ES Journal Archive (2006 - 2008)

[Buy1Sell2]

If you're trading the 5 minute chart--Reversal is trying to brew here.

 

[romik]

Quote from Buy1Sell2:

If you're trading the 5 minute chart--Reversal is trying to brew here.

I am monitoring 30 min TF both CCI and RSI look good for a bounce, let's see where it closes @ 1pm EST

 

[romik]

B1 - AREA 51

 

[Buy1Sell2]

Quote from romik:

B1 - AREA 51

Again???

 

[romik]

Quote from Buy1Sell2:

Again???

yes Sir

 

[romik]

If I was sitting and waiting for a set-up now, I would mostly likely have taken a long position depending on the close of 30 min bar @ 1pm EST

 

[EdgeHunter]

Quote from Buy1Sell2:

Again???

Maybe the 'Greys' are buying at the 51 point...

:eek:

cj...

__________________
HAVE STOP - WILL TRADE

If You Have The Vision We Have The Code

 

[hpeganz]

Quote from romik:
If I was sitting and waiting for a set-up now, I would mostly likely have taken a long position depending on the close of 30 min bar @ 1pm EST

Excuse me - what is the reasoning for area 51 ??

 

[romik]

Quote from hpeganz:

Excuse me - what is the reasoning for area 51 ??

have a look at 60 min chart and try to answer that question, it's been mentioned before in the journal. One thing to mention here, if that level falls...that daily BLD might not work out B1, what are your thoughts?

 

[MONACO11]

Well, my take on the "Area 51" is that is we break hard down below this area...we in big trouble... (1251 that is)...

I am not sure of the next area of support but its a ways away..

Monaco