ES Journal Archive (2006 - 2008)

[romik]

Quote from brightstone:

which way will this break out go?

long is an obvious one IMO

 

[brightstone]

Romik,
does the 15 min show a short grail?

 

[romik]

Quote from brightstone:

Romik,
does the 15 min show a short grail?

no IMO, I think bull pennant points to more upside, considering this morning's move, it's not rare to see a "head-fake"? is that a right word? before more upside.

 

[romik]

Quote from romik:

no IMO, I think bull pennant points to more upside, considering this morning's move, it's not rare to see a "head-fake"? is that a right word? before more upside.

I personally prefer this type of pattern

 

[Optionpro007]

Long as long as VIX remains under 10..and world markets support the break.

Quote from brightstone:

which way will this break out go?

 

[romik]

I think looks like short grail on 10 now, I think it's important to trade off 1 time frame, ie if you are long based on a 15 min chart, then your exit should also be off same time frame IMO

 

[Optionpro007]

and b1s2 agrees....=)

Quote from optionpro007:

Long as long as VIX remains under 10..and world markets support the break.

 

[romik]

Vol, I don't know whether you looked into this already regarding your 10 point rule. Do you find that it works better on days that ES goes 10 points up from LOD and vice versa compared to days when ES goes up +10 from yesterday's MOC?

 

[volente_00]

Quote from romik:

Vol, I don't know whether you looked into this already regarding your 10 point rule. Do you find that it works better on days that ES goes 10 points up from LOD and vice versa compared to days when ES goes up +10 from yesterday's MOC?

It works either way. I look for 10 point moves off of a previous resistance or support. Often the futures will overshoot what cash does so you have to take that into account.

 

[volente_00]

My guess on tomorrows close is either 1430 or 1420. Will be looking to enter shorts around 1442 if we get there.