ES Journal Archive (2006 - 2008)

Buy1Sell2 · Nov 21, 2006

Don't forget about the weekly chart.

Optionpro007 · Nov 21, 2006

I see and agree. I am only looking very short term though and it's just ideas...

Quote from Buy1Sell2:

Don't forget about the weekly chart.

Buy1Sell2 · Nov 21, 2006

Quote from optionpro007:

I see and agree. I am only looking very short term though and it's just ideas...

What I am looking to do is enter the ES on strength here. Thus I am dropping my buy stop gradually until hit.

wave · Nov 21, 2006

Quote from Buy1Sell2:

What I am looking to do is enter the ES on strength here. Thus I am dropping my buy stop gradually until hit.

Is your decision to enter long on strength instead of on weakness dependent on anything?

Buy1Sell2 · Nov 21, 2006

Quote from wave:

Is your decision to enter long on strength instead of on weakness dependent on anything?

It's just a different type of intraday play in the direction of the predminant trend.

romik · Nov 21, 2006

Quote from brightstone:

Hello Romik,
I have been using 5 minute grails on a line chart as you previosly advised. Still having difficulty getting the entry as it is forming. Any advice?
thanks,
Alan

Hi Alan,

I do not necessarily recommend a 5 min chart to trade round all day long, for initial entry perhaps yes. If you look back at the test of a 5min grail, though results were good, one might face a problem of a visual recognition of patterns that present themselves, previously mentioned by Bilp in another thread. You know the pattern, if you find 5 minute TF not too tradable, try another TF like 15. What I have found to be very beneficial is using 5-15 min TFs as trigger points for an entry, though direction is taken of the hourly chart. Thanks to B1S2 who keeps us in check

we are aware of markets still being in a bull mode, so maybe it would be better if you wait for hourly long signal to appear and use a 3 min chart for entry. All the best!

romik · Nov 21, 2006

Looks like a long set-up

Buy1Sell2 · Nov 21, 2006

Quote from Buy1Sell2:

Still lookng for long entry here. Buy stop lowered to 1406.50 for entry.

Stoped in long at 1406.50.

romik · Nov 21, 2006

5,15,30,(45) already pointing to a long grail, waiting on 60 now

Buy1Sell2 · Nov 21, 2006

Quote from Buy1Sell2:

Stoped in long at 1406.50.

So far, I have bought the high with the "stop in" strategy today. Time will tell now-- Patience required to trade with me.