ES Journal Archive (2006 - 2008)

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Regarding a bearish argument, the weekly is strongly down with retracement only to moving average. Daily is also down, but possible turning up. The market has some upward momentum for the moment, but bearish move should not surprise.
 
Quote from romik:

No, I was referring to HIST, but point taken on too wide distance timewise. Thanks again.

Perhaps, you could post your maximum gaps on 30/60/daily/weekly between troughs in RSI/HIST. THAT, would be appreciated.
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I don't believe there is a maximum, it more depends on the troughs or peaks between the troughs and peaks that are being measured as to whether they can be compared or not. I would say though that typically, I see 10 to 20 or perhaps 30 periods as ideal.
 
Quote from TraderRobb:

Further bearish indicators would be a triple daily top on Es from 6/23,27 and this am. Also, a trend line on daily tops of 6-15,6-21 and 6-29
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This looks very interesting to me. Could be bearish on the dailies.

4re
 

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I'm have bearish divergences on all of my TF's.
Have triple tops on hr & 1/2 hr. on 6/23, 27, & this morn.
On the short TF I'd like to see it drop below the 50ema on the 5m and the 100ma on the 3m.

yvberj
 
I suspect a bit of a pullback here on hourlies with the Histogram and CCI diverging mildly. Perhaps a pullback to the lower Bollinger Band and then a regathering and a move higher. Overnight action is a bit overdone right now. I am trading higher time frames and will remain long. Daily chart looks to have upside to me as I have been mentioning--I am trading longer term here than most.
 
Quote from TraderRobb:

Further bearish indicators would be a triple daily top on Es from 6/23,27 and this am. Also, a trend line on daily tops of 6-15,6-21 and 6-29
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=================
Most all trends are bearish, all time frames;
except last hour buying yesterday.

And not a prediction but those fed fund traders are figuring a very high % chance of rate increase.:cool:
 
By mildly, I mean that there is no move outside the upper Bollinger Band followed by a close on that bar inside the upper BB. That would constitute a strong reversal signal --might be classified as a Wide Range Bar or Wide Range Body if using candlesticks.
 
Quote from Buy1Sell2:

I suspect a bit of a pullback here on hourlies with the Histogram and CCI diverging mildly. Perhaps a pullback to the lower Bollinger Band and then a regathering and a move higher. Overnight action is a bit overdone right now. I am trading higher time frames and will remain long. Daily chart looks to have upside to me as I have been mentioning--I am trading longer term here than most.
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No pullback yet. I am still long as mentioned. The divergence there was very mild in my view and it would have only been a profit area and not an outright short. Now there are some bars outside the upper band. Let's see what the next look like. Long for now.
 
Quote from spike500:

If we don't get a long signal within the next 30 minutes ( i don't think will we get the long signal) we will go lower for the next hours.

I'm short.
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Sorry to take almost a day to ask, but did your system get you long?

JB
 
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