ES Journal Archive (2006 - 2008)

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Quote from Lance Carson:

Best entries are after a spike of Volume of more than 6M
I agree, although the guideline I use is 5,000/min of UpVolume (for tops) or DnVolume (for bottoms). During the regular session, of course, not the Globex after-hours.

I've also noticed that the best tops and bottoms often occur on the second consecutive >5M UpVolume or DnVolume spike.
 
Quote from mbusch:

Yes, that's why I decided not to get in when you did: Volume was too low to be the top. I entered right when the volume came in at 2:20pm, although my entrypoint wound up being only 3 ticks higher than yours.

Where do you have your stop? Mine is presently 1 tick above HOD but I'm worried that might be too tight.

1529.25 is where my stop is at. If I get knocked out odds are a move up to 1538-1540 for the ulimate top...
 
Quote from mbusch:

I've also noticed that the best tops and bottoms often occur on the second consecutive >5M UpVolume or DnVolume spike. [/B]

Very powerful CF.. Is definately incorporated into my trading plan. Your leaking too much info :)
 
Quote from apex82:

Very powerful CF.. Is definately incorporated into my trading plan. Your leaking too much info :)
We'll just keep it our little secret. Mum's the word.
 
Quote from apex82:

takign some off here at 1526 for small profit they should have held the left shoulder.
Gawd, you're SUCH a perfectionist!!! The right shoulder is only two ticks higher than the left one (so far, at least). Prolly just leaning into a crosswind... :)

The right shoulder has less conviction (upvolume) than the left one, and a bunch less than the head. That's a promising sign (if you're short).
 
Quote from mbusch:

Gawd, you're SUCH a perfectionist!!! The right shoulder is only two ticks higher than the left one (so far, at least). Prolly just leaning into a crosswind... :)

The right shoulder has less conviction (upvolume) than the left one, and a bunch less than the head. That's a promising sign (if you're short).

The right shoulder just raised its arm UP , lol ( LOOK ! , its even sticking its tongue out to you! )
 
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