ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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L
Lance Carson
5yr Auction went sour, ZBH7 is going down to 110-28 key support.Usually when the 5 yr Note aution goes well bonds will rally, not this time.
L
Lance Carson
Then the Asians will BUY the dip tonight at a Higher Yield
reversed. short now
fundamentals outweighing that trade for me...besides price is moving down.
new tick low again.
one more downside gap in spoos before bond market closes.
new tick low again.
one more downside gap in spoos before bond market closes.
L
Lance Carson
Looks like the weakness in Bonds is not letting the ES go back up to Prev Close, ( higher yield is drag for the economy), imho
As lunchtime ends, I'm up 2+pts on my original entry (see original post below), this trade has a lot more room to go, but it may-or-maynot make it there by the end of the day, so I'll just sit and wait (great quality for traders to develop, I "see" B1S2 doing it all-the-time).
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Good trading,
JJ
L
Lance Carson
Moment of truth for ESH7 at the 40 EMA , it will either bounce up or keep going down
Currently, there is no long signal on the intraday 10 minute chart attached here. The only long that should be considered(in my case , added), is on a buy stop above the reaction high as I have indicated.
Edit: I should say--other than the Bollinger Band breakaway long signal with the Romik wide range bar. It's a little less high probability but can still work with the stop below the reaction low. JJ's entry looks to have been on the 2 minute chart whereas the 10 minute chart would ave entered at 1456.50 (2 points higher than JJ).
Edit: I should say--other than the Bollinger Band breakaway long signal with the Romik wide range bar. It's a little less high probability but can still work with the stop below the reaction low. JJ's entry looks to have been on the 2 minute chart whereas the 10 minute chart would ave entered at 1456.50 (2 points higher than JJ).
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