ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
I've placed a stop on all long units at 1288.75. This will be a profit taking stop today and will get me out as I do every Fri on longs. Otherwise I will close MOC
 
this is the one I mentioned earlier, same as yours on daily, though this one is on 15 TF, so intraday and considering the gap up on open and double top 1297.75 and CCI shooting way into overbought, probably had to outweigh RSI pattern on daily, at least for today and so far.

EDIT: same on hourly actually
 

Attachments

Quote from romik:

this is the one I mentioned earlier, same as yours on daily, though this one is on 15 TF, so intraday and considering the gap up on open and double top 1297.75 and CCI shooting way into overbought, probably had to outweigh RSI pattern on daily, at least for today and so far.

EDIT: same on hourly actually
More...

Right now, the way the charts have been looking since the intial double surge, I would have to agree with your analysis. Everything is pointing to a lower close intraday.
 
Quote from romik:

this is the one I mentioned earlier, same as yours on daily, though this one is on 15 TF, so intraday and considering the gap up on open and double top 1297.75 and CCI shooting way into overbought, probably had to outweigh RSI pattern on daily, at least for today and so far.

EDIT: same on hourly actually
More...

The only thing that I don't like about your chart is it appears in this example that the second peak is still above the OB line. I am more cautious in general with that. :)

Note: the third peak is well below the OB line
 
We'll have to break 50 RSI on the 60 for this to be a big continuation sell off into the close. That's where the RSI bounced before. (50.22)
 
Quote from Buy1Sell2:

We'll have to break 50 RSI on the 60 for this to be a big continuation sell off into the close. That's where the RSI bounced before. (50.22)
More...

Didn't break it that hour. Shorts use caution. Now it becomes a question of breaking the RSI trough and most importantly the low of the day and having it close on an hourly bar under one or both.
 
Quote from Buy1Sell2:

We'll have to break 50 RSI on the 60 for this to be a big continuation sell off into the close. That's where the RSI bounced before. (50.22)
More...

what are your thoughts on the hourly BRD in HIST, no support from RSI, but that lower peak and what you mention above.?
 
Quote from romik:

what are your thoughts on the hourly BRD in HIST, no support from RSI, but that lower peak and what you mention above.?
More...

Either indicator is tradeable by itself, but better when in conjunction with each other. The 30 minute chart is approaching it's RSI trough at 42 something and some indication can be taken there whether this will continue before waiting for the hourly bar. BTW --is the 240 brewing a WRB?
 
Status
Not open for further replies.
Back
Top