ES Journal Archive (2006 - 2008)

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Quote from brightstone:

rule of ten seems pretty strong
dont think we have seen the LOD yet

short grail on the hourly
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Bright. I don't personally see short one on the hourly, in actual fact shorter time frames point to a long, but I am swinging this one based on daily.
 
Looking now I agree,
I changed line chart to candlesticks and was clearer.
cheers

Quote from romik:

Bright. I don't personally see short one on the hourly, in actual fact shorter time frames point to a long, but I am swinging this one based on daily.
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Quote from brightstone:

how much is the increase?
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Minimal - we are talking decimal places here.

At the end of July, the average range for the ES during RTH was 6.28. It then declined continously until last week when it was 5.73. At the end of the day, it will be 5.76 or better.

JB
 
Quote from apex82:

Anaylsis was spot on again. Market opened right at the first zone and sold off viciously as was stated the night prior. It pulled back to test local Resistance and fell back again only to hold the zone. It then proceeded to move up and test the zone again pulling back and creating a minor wave 4 low. Towards the end of the day it made its final attempt to break the structure, failing at the max penetration point of 1407.50. That area had also formed a minor 5 wave move overlapping which projected the exact high of the day. At this point the market is exhibiting very nice structure and my view is bearish until it can get a solid breakout above the 1408 area. If this market can get some momentum to the downside tomorrow... watch out below, things could get ugly. We are in an impulsing bull market, make sure to keep tight stops on the shorts until there is more confirmation.

Here is the chart I posted last night. The pink zones were constructed prior to todays price action in my previous chart. You gotta be careful buying after testing zones like these.
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Market had a destructive move to the downside as I stated had high odds of happening last night due to the completion of a symettrical 5 wave move. It then squeezed up in the lunch time and then made another move down in the afternoon which I also stated would happen. Market then DB in a key support zone and squeezed the shit out of the shorts, so many buy stops above the market were used as fuel. Amazing trading today. This should continue for the next few weeks. Have a good weekend. Also note the 4 month high in volume, instis are playing which is also a good sign for increased volatility to come
 
Quote from brightstone:

What is the spread?
Glad to see you on, it has been a while gary.
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+/_ 15 minutes :)

Just dropping by. I don't even have a subscription to any futs charts anymore. I get my prophet charts with the ES but it is delayed 20 minutes. Hope it is going well for you.
 
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