ES Journal Archive (2006 - 2008)

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i use a volume osillator of buying or selling volume, longer term to find extremes then a short term ,5 min, extreme to fade intraday, i think position could be the same as swing.:)
 
The 240 has exhibited a long grail at the end of the 13:30 bar. This means to me that the reaction low will now be 1293.00 and trailing stops can now be moved up below that number if long. Previous reaction low was 1291.50. Nice gains could have been made on the 240 from the short side over the past few days. A break below 1293.00 to me indicates downward momentum and a trend shift.

If wanting to go long, I think a break of the 1302.50 reaction high from the hourly and the 240 would be a good place to initate the long trade if you prefer to see more upside momentum.
 
Quote from Buy1Sell2:

60 Minute chart has now shown bottoming and a bullish tone. See attached chart.
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Good thread B1S2,

the only thing I'm missing are short term charts - say 1 m.-3m. -.

Charly
 
Quote from Charly:

Good thread B1S2,

the only thing I'm missing are short term charts - say 1 m.-3m. -.

Charly
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I am a longer frame ES trader. I'll try to throw some short term charts in though. Thanks for the input.:)
 
1291.50 reared it's head again today. I would think a significant break of that and especially a close below that, would suggest further downside. The intraday 60 minute chart continues to show the formation of a bullish pattern.
 
Quote from itcob58:

looks to me that they are after the low made aug 23, not to say they couldnt go up. :)
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Yes that's 1291.50, It basically negates my 1293.00 reaction low theory. But reinforces the argument made for 1291.50 as the reaction low.
 
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