ES Journal Archive (2006 - 2008)

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Quote from spike500:

Be carful, we should go down again.
Hourly is far from long, hasn't even reached its lowest point yet.
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thanks for the warning, I would look at the hourly as a build up, of course there is possibility of more downside today, that's where shorter TFs help. Still long at the moment.

I would consider 5.30am-11.30am short grail as complete and would look for another short grail to reverse long into short.
 
According to RSI a break is coming shortly

I did take the short grail, had to, but it is possible that the previous long one has not played itself out yet, seems to be bouncing off the RSI trend line.
 
Quote from romik:

reversed into short 1379
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covered for -3 points, no reverse trade here as there was a conflict between Long and Short grails and Long one seems to be prevailing. I will post a chart later.

Flat now.
 
Quote from spike500:

...Hourly is far from long, hasn't even reached its lowest point yet.
More...

The reason I said hourly looks bullish is because of an incomplete divergence and now last hour's bar closed pretty positive I see that divergence pointing to a strong move to the upside. I am aware that you do not pay attention to divergences.
 
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