L
Lance Carson
Long from 1427.00 - Out Flat 1438 , +11 Pts
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
JJ
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Tomorrow, I'll look to buy any dips, hopefully they'll work out better than the early part of yesterday's calls (pretty much nailed the afternoon session though).
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Hey Jimmy,
Thanks for the update. It seems I was there for most of the festivities. AP is hilarious! Sometimes! Loves the technical difficultly (Would have been 50 points in my pocket Easy) mantra. LOL.
I can go with the above. If the premarket hasn't blown the upsides Wad so to speak. Seems like a upward surge/trend in the making after a pullback this morning. The only worrisome thing is the 10 point move up from yesterday. You'll have to monitor. I have to paint trim
. It sucks, but visitors deserve better that a babies nursery polka dots.
Have a good day.
JIM
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Tomorrow, I'll look to buy any dips, hopefully they'll work out better than the early part of yesterday's calls (pretty much nailed the afternoon session though).
----------------------------
Hey Jimmy,
Thanks for the update. It seems I was there for most of the festivities. AP is hilarious! Sometimes! Loves the technical difficultly (Would have been 50 points in my pocket Easy) mantra. LOL.
I can go with the above. If the premarket hasn't blown the upsides Wad so to speak. Seems like a upward surge/trend in the making after a pullback this morning. The only worrisome thing is the 10 point move up from yesterday. You'll have to monitor. I have to paint trim
. It sucks, but visitors deserve better that a babies nursery polka dots. Have a good day.
JIM
1442 target.
Excuse me for asking Lance, but what happened to your long term position target of 65?
I am only curious.
Just a note here for the folks trading intraday. I hope this is of some small degree of help.
When daily is bullish and hourly is bullish, then look for longs on the 10 minute chart
When hourly is bullish, and the 10 minute is bullish, look for longs only on the 2 minute chart.
And vice versa
Daily is bullish right now
Hourly has been bullish since 22:30 yesterday
10 minute retraced from the hourly signal and went bullish today at 8 AM.
Use close stops.
This could also be shown on the 2/27 down day
Daily had double top RSI and divergence making it bearish
Hourly was bearish
10 minute created bearish signals after the Hourly pattern was identified
Use close stops.
This is a way to create bias, but really trading what you see as Osorico so aptly put it.
Many people think that you should not trade with a bias. That's incorrect--you must find the bias and trade with it. What you don't want to do is create a bias from news or out of thin air.
You will miss trades when you trade only with the trend or bias
So what
When daily is bullish and hourly is bullish, then look for longs on the 10 minute chart
When hourly is bullish, and the 10 minute is bullish, look for longs only on the 2 minute chart.
And vice versa
Daily is bullish right now
Hourly has been bullish since 22:30 yesterday
10 minute retraced from the hourly signal and went bullish today at 8 AM.
Use close stops.
This could also be shown on the 2/27 down day
Daily had double top RSI and divergence making it bearish
Hourly was bearish
10 minute created bearish signals after the Hourly pattern was identified
Use close stops.
This is a way to create bias, but really trading what you see as Osorico so aptly put it.
Many people think that you should not trade with a bias. That's incorrect--you must find the bias and trade with it. What you don't want to do is create a bias from news or out of thin air.
You will miss trades when you trade only with the trend or bias
So what
markets going to try to test the upper end, before another trend down for the summer, then rally again in the fall.
usdjpy seems heavy and wants to test 115 handle again or lower to wash out long term position traders/carry traders.
a presidential election up and coming bodes well for the market. The market is in a long term bull cycle and apt to break the highs as 3rd /4th quarter rolls around.
As oil trends higher, means tons of revenue to be funneled into safe us treasuries, which will keep treasury yields range abound 4.5-4.8, till inflation or a slow down more drastic then whats been felt so far is evident.
usdjpy seems heavy and wants to test 115 handle again or lower to wash out long term position traders/carry traders.
a presidential election up and coming bodes well for the market. The market is in a long term bull cycle and apt to break the highs as 3rd /4th quarter rolls around.
As oil trends higher, means tons of revenue to be funneled into safe us treasuries, which will keep treasury yields range abound 4.5-4.8, till inflation or a slow down more drastic then whats been felt so far is evident.
You've got a bull flag right now on the 10 minute chart. There is a high likelhood of more upside today
Monthly is bullish
Weekly is bullish
Daily is bullish
Hourly is bullish
10 minute has bull flag
2 minute chart retraces to just above MACD zero line from the initial surge and basing
"You can always buy the first break"
Use close stops ( outside the noise of course)
Monthly is bullish
Weekly is bullish
Daily is bullish
Hourly is bullish
10 minute has bull flag
2 minute chart retraces to just above MACD zero line from the initial surge and basing
"You can always buy the first break"
Use close stops ( outside the noise of course)
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