ES Journal Archive (2006 - 2008)

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Quote from hpeganz:

B1S2 - Could you again explain why you are on the weekly TF still short and why you think the bulls are still in favour of the daily chart??

and I know you have a Profit Target of 1285 to 1230 - this I would also like to understand :( :) Thanks
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To be bullish on the weekly, I am looking for a second higher RSI trough or BLD. Daily chart closed above the 20 MA and had a nice second higher trough. I generally don't get out of winning trades right away, rather I try to let them ride.

By the way, this morning's 3 minute chart had a very good class A BLD.
 
Quote from Buy1Sell2:

................. I generally don't get out of winning trades right away, rather I try to let them ride.
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Thanks, but you don´t buy on dips now???!
 
That was a good example of a BRD, very quick action after incomplete formation in the HIST and a completed double top in RSI. Blue circle indicates average price at the time of the first peak in HIST, which consequently became PT for this divergence play. Initially BRD formation could be seen on 2min TF, then 3 and 5 was taken.

As I've said before I do not trade divergence based signals on short TFs, though this I have taken as a reverse trade of my primary WRB R breakout trade.
 

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Quote from romik:

That was a good example of a BRD, very quick action after incomplete formation in the HIST and a completed double top in RSI. Blue circle indicates average price at the time of the first peak in HIST, which consequently became PT for this divergence play. Initially BRD formation could be seen on 2min TF, then 3 and 5 was taken.

As I've said before I do not trade divergence based signals on short TFs, though this I have taken as a reverse trade of my primary WRB R breakout trade.
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developped into a triple BRD
 
B1, 240 is on the way to a BRD, double top @ 1280 higher BB level, no BRD on daily, but I see one quirky BRD on hourly, so my thoughts are that ES will pullback to 1264-1260 possibly by tomorrow.
 
No ES trades again for me. Wanted in @ 1280 or above. Shorted NQ @ 1505, waited for all the Beige book madness to subside. I really should have got in ES but I guess I got a little too picky on the exact number. Looking for an entry between 1280-90. Tommorrow I guess.
 
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