ES Journal Archive (2006 - 2008)

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Quote from volente_00:

Flags are nice, but


1440 top in ES for the day




fireworks at 10 est
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I would not short until hourly goes bearish, then the 10 minute, then look for shorts on the 2 minute. Right now , the hourly is bullish.
 
B1, so you view 240 as bullish also in that case?

It looks more like elephant's trunk now, great anticipation Vol! I was faked out by possibility of continuation based on flag formation & Histogram started turning positive on short term charts.
 
Quote from romik:

B1, so you view 240 as bullish also in that case?
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It appears to me to be a bull flag. It can be seen on the daily as well. Now remember, we are talking about using close stops that are outside the noise, so I believe there will be plenty of time to get short once the hourly turns bearish--if it does
 
Quote from Buy1Sell2:

It appears to me to be a bull flag. It can be seen on the daily as well. Now remember, we are talking about using close stops that are outside the noise, so I believe there will be plenty of time to get short once the hourly turns bearish--if it does
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I see. I don't like the fact that candles open & close below 20MA on 240, not just ES, most world markets show closures below 20ma & MA itself is pointing downwards. Obviously bulls anticipating a possibility of a decline will try to remain in control, but looking at price vs MA I am cautious of calling it bullish, I do see rising histogram & MACD, but price is below 20ma.
 
Quote from volente_00:

Against b1s2 rules, I have covered half at 1433.75.



:D
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If you have done so and moved your stop to breakeven, then you should be able to just walk away now and let it run .
 
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