ES Journal Archive (2006 - 2008)

[romik]

Some reasoning on chart for a reverse short trade.

 

[frogman]

So my read so far is basically the 3 minute chart and the 5 minute chart is what we are using. More often than the longer time frame charts. The longer time frame charts really confuse me for daytrading.

 

[Buy1Sell2]

Quote from brightstone:

my 3 min doesn't show a long.

It is there, but would be countertrend to the larger frames. I don't particularly like the short frames as you have to be too active with close stops. If one was trading just the 3 minute, the long pattern is setting up etc. However, the longer frames are negative.

 

[Buy1Sell2]

Bullish divergence with failure RSI swing is on the 3 minute chart.

 

[frogman]

Could we say the trend is up or down at his point? I think i like going with the trend if i can. frogman

 

[Optionpro007]

Quote from frogman:

i will not comment over a few times each day if i have questions. thanks for the helpful comments. frogman

I don't believe...or understand.

porgie written all over it.

 

[Charly]

Quote from Buy1Sell2:

Out 1372.00 1 pt per contract gain.

You posted a Long more than 2 hours ago
at ~1371.

What was your signal - or is something wrong with my datafeed?

 

[Buy1Sell2]

Quote from Charly:

You posted a Long more than 2 hours ago
at ~1371.

What was your signal - or is something wrong with my datafeed?

That was yesterday on the 15 minute chart with long grail. Chart was posted this morning.

 

[Keeper]

I am still short from 1373, stop is at break even. I still expect another move down.

 

[Buy1Sell2]

Quote from Keeper:

I am still short from 1373, stop is at break even. I still expect another move down.

What was the original stop and how many times have you moved the stop. What time frame?