ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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msbusch,
a couple of days ago, you posted a chart with 1566.75-1567.00 as short-term upside, didn't you? or am I just wrong (happens quite often in my senior moments).
why would you not wait for that level to be tested/exceeded and then sell drop back down through it?
Or have things changed?
today is a Monday in summer, not really representative of markets.
On 15min RTH I have ES second negative divergence. How do you know when to pull the short trigger?
I'm Lost in the ozone again,
I need to invent a time machine so I can travel forward in time and then backwards to trade.
a couple of days ago, you posted a chart with 1566.75-1567.00 as short-term upside, didn't you? or am I just wrong (happens quite often in my senior moments).
why would you not wait for that level to be tested/exceeded and then sell drop back down through it?
Or have things changed?
today is a Monday in summer, not really representative of markets.
On 15min RTH I have ES second negative divergence. How do you know when to pull the short trigger?
I'm Lost in the ozone again,
I need to invent a time machine so I can travel forward in time and then backwards to trade.
as long as the open range holds, the negative feeling today is building up more shorts, that the market will inch through.
I haven't developed the tactical skill to get filled at the absolute highest tick. I'm happy if I can get in within a "tight stop's tolerance" of the high. We're talking about potentially big moves here, not scalping a point or two.
At the moment, I'm seeing a bunch of things suggesting turnaround zone somewhere between 1565.75 and 1568. I'm not smart enough to know exactly where in that zone the top is going to be. All I know is that if selling comes in and we get a decent-looking reversal bar while the price is within that zone, I want to be short. Conversely, if the zone is penetrated to the upside by a price above 1568, I want to be long.
TY, msbusch,
If you could please indulge me one more time.
What do you consider to be a valid reversal bar?
There are many definitions.
Congrats on your current trade, it is looking OK.
Volume is punk and the way I look at the market, a retest of recent (today) high on punker volume could still happen, but at this point I would be happy to be short.
If you could please indulge me one more time.
What do you consider to be a valid reversal bar?
There are many definitions.
Congrats on your current trade, it is looking OK.
Volume is punk and the way I look at the market, a retest of recent (today) high on punker volume could still happen, but at this point I would be happy to be short.
At minimum, a lower high/lower low bar on at least the 3- or preferably 5-minute chart.
You must've misread my post. I was stopped out on my 3-tick stop; a 4-tick stop would have kept me in play. Happens.
Looking to re-enter short. Beautiful bear flag breakout just occurred, but due to computer problems it got away from me...drat!
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