ES Journal Archive (2006 - 2008)

[Spectre2007]

http://www.reefcentral.com/forums/showthread.php?threadid=1148987

a reef tank would be a nice addition to a trading/war room. Something to stare at during lulls.

 

[Spectre2007]

yes, as expectation of profit is repeatedly negated multiple times on a tic basis, the countertrend players throw in the towel.

 

[tommymoose]

We're within a point or two of the 50-day moving average for the S&P and ES... possible entry area for those looking to get long before the FED.

 

[Spectre2007]

the current market conditions worry me in that, the rally seems like almost a done deal post fomc meeting.

everyone is expecting it, and people may rush to buy in. Causing a spike up, but as further buying or bid is taken away by institutions, then the initial buyers collapse onto themselves and their stops get triggered. Causing a drop below pre annoucement intraday lows, which causes sellers to come in, till institutions come in with a bid a predefined level below the intraday lows, the sellers become trapped and further bids fuel it past current intraday highs.

 

[elovemer]

....would like to post a daily chart of possible grail signal....
....would like to get anyone's opinion because i am not sure if i am seeing the grail signal or not.... ...
...Buy1Sell2 .... or anyone ..
....PM ok or post.....

thanks
respect... to all
PS. signal in blue on RSI ...

 

[Spectre2007]

so the key becomes whether the 2nd wave of bidding comes in, otherwise market rolls over the mental expectations and people fail to exit out of their longs and price slips further and further down.

 

[Spectre2007]

2nd wave 1508-10

 

[tomahawk]

Quote from vertigo3:

tomahawk,
what length bar are you using to define 1st candle?

5 minute

 

[Spectre2007]

if it stays above 24 stay long if it stays below 24 stay short.

 

[acerbits]

woah thats some serious volatility in the past few ticks