ES Journal Archive (2006 - 2008)

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Quote from romik:

FTSE & DAX again ahead of US markets, IMHO if current candles close as they are or higher, then we go to 1470+ area. And check out how smooth the curves of 20MA are in the above 2 charts in comparison to the other 2 below.

The rally in the dax is truly unbelievable. Just put up a 15 minute chart and look at that thing.
 
Things are pointing for a massive breakout sometime this week.. most likely equal to something along the size of the feb 27 selloff. You would have to put the odds to the downside for several reasons. I would be cautious on the upside and not hang on to longs if we start breaking down.
 
Oscar says it's going down:

Short Term Trading
April 11, 2007, 8:32 am EDT

1st flash update indices trades

We are now short EsM7 @ 1456.00
last tick = 1457.00
keep your stops in place.
I'll keep you informed

We are now short ENM7 @ 1833.00
last tick = 1832.00
keep your stops in place.
I'll keep you informed
 
I agree we're setting up for a breakout. But it could go to the upside as well. Unless we have some sort of downside trigger, it could make new highs then come back down.

Either way we should get some movement in the near future.

The minutes are most likely going to be hawkish, that could rattle the cage somewhat.
 
Quote from apex82:

Things are pointing for a massive breakout sometime this week.. most likely equal to something along the size of the feb 27 selloff. You would have to put the odds to the downside for several reasons. I would be cautious on the upside and not hang on to longs if we start breaking down.

If you check out 240 on these 4 markets, then what I noticed is that candles had their open & close below the 20MA & then came the sell-off. So whether we drop or continue upwards remains a question mark for me, at the moment we are looking green, it will be interesting to see how current candles close.
 
Quote from 2006:

Apex how much is the Zen Fire feed?

I'll be moving out west soon and I'm thinking about getting the NT+ZEN combo.

Its free as far as I know. Your broker will most likely add some extra commission to compensate for the feed. I have ninja with zen and ninja with a fix adapter through TT and I can say they are pretty much identical yet the fix adapter is about 800 a month. I recommend zenfire.
 
Quote from apex82:

Things are pointing for a massive breakout sometime this week.. most likely equal to something along the size of the feb 27 selloff. You would have to put the odds to the downside for several reasons. I would be cautious on the upside and not hang on to longs if we start breaking down.

I agree on a massive breakout. Considering we are pushing Yesterdays HOD in premarket I will be long above and consider shorts below this point.

I think the FOMC minutes will provide the opportunity to pierce through the previous high resistance level about +12 points so keep an eye on it.
 
Gotcha, Thanks for the info.

Quote from apex82:

Its free as far as I know. Your broker will most likely add some extra commission to compensate for the feed. I have ninja with zen and ninja with a fix adapter through TT and I can say they are pretty much identical yet the fix adapter is about 800 a month. I recommend zenfire.
 
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