ES Journal Archive (2006 - 2008)

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Quote from romik:

great call B1.

I was actually seeing possible upside, but a temporary one, based on hourly BLD and running out of steam at higher BB level.

Very nice call, caught me be surprise. Thanks :)
 
Quote from 4re:

Very nice call, caught me be surprise. Thanks :)

Well, I was hoping to see 1333, but was ready for a price reversal mainly due to a hedge in place. It's hard at times to express our point of view, as it can influence other's decision making.
 
Quote from spike500:

Went short a few minutes ago.

For anyone reading, I should clarify my prediction of the 1350.50 test. I am looking at the 4 hour chart (240) which is not an intraday type of chart. I believe that Spike gets flat each day, but I am not sure. What this means is that he may be right by shorting here and I may be right by holding. It's all a matter of time frame perspective. For example, if I was using monthly charts and bought in the 800's several years ago and held until now, I would be right, but at different times through those years, it would have appeared I was wrong. In any event, if the 240 closes above it's 20 MA in 32 minutes, I would say that the 1350.50 test would occur at some point soon.
 
Quote from romik:

Well, I was hoping to see 1333, but was ready for a price reversal mainly due to a hedge in place. It's hard at times to express our point of view, as it can influence other's decision making.

Yes, good way to wrap up your long term trade.

I don't really worry about influencing others because those that want to be infuenced will go somewhere to find it. Those that don't listen to anybody surely won't listen to me. So that is how I rationalize it anyway.
 
Quote from Buy1Sell2:

For anyone reading, I should clarify my prediction of the 1350.50 test. I am looking at the 4 hour chart (240) which is not an intraday type of chart. I believe that Spike gets flat each day, but I am not sure. What this means is that he may be right by shorting here and I may be right by holding. It's all a matter of time frame perspective. For example, if I was using monthly charts and bought in the 800's several years ago and held until now, I would be right, but at different times through those years, it would have appeared I was wrong. In any event, if the 240 closes above it's 20 MA in 32 minutes, I would say that the 1350.50 test would occur at some point soon.

but it has more than 3.25 hours to complete bar :confused:
 
Indeed.

Quote from Buy1Sell2:

For anyone reading, I should clarify my prediction of the 1350.50 test. I am looking at the 4 hour chart (240) which is not an intraday type of chart. I believe that Spike gets flat each day, but I am not sure. What this means is that he may be right by shorting here and I may be right by holding. It's all a matter of time frame perspective.
 
Quote from spike500:

Went short a few minutes ago.

I do see shorting potential on the 1,2,3 and 5 minute charts. I do not yet see it on the 15 or hourly. You could be correct, but at the moment, shorting looks like a pullback only. To me anyway--. :)
 
Quote from romik:

but it has more than 3.25 hours to complete bar :confused:

The 4 hour bar starts at 9:30 EST and ends at 1:30 EST. If yours is not set up that way , I recommend that it should be, to coincide with the RTH market open.
 
I see potential in 15 and 60 minutes.

Quote from Buy1Sell2:

I do see shorting potential on the 1,2,3 and 5 mionute charts. I do not yet see it on the 15 or hourly. You could be correct, but at the moment, shorting looks like a pullback only. To me anyway--. :)
 
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