ES Journal Archive (2006 - 2008)

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black folks own more homes under "bush". interest rates historic lows, employment best in 40 years and "he might throw a bone to us" or something like that...stock market hit highs under "bush"...stick with market comments please..this is not a political forum...
 
Quote from brotherben:

black folks own more homes under "bush". interest rates historic lows, employment best in 40 years and "he might throw a bone to us" or something like that...stock market hit highs under "bush"...stick with market comments please..this is not a political forum...
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What "the Fed" does has always been critical to traders and their decision making process ...

Less than a week back George, and everyone is hitting the ignore button.

Too bad, they won't be able to see the good stuff because it's surrounded by so much sh*t.

Jimmy Jam
 
... now back to trading.

I honestly don't see too much upside in this chart, but we'll know in a few hours.

JJ

P.S. For anyone who cares, these are Camarilla Pivots.
 

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...15 min chart and 2 hour chart are both showing bearish divergence on RSI .....
... an explosion could change that possibly.....
edit... well there was a small explosion at 830... must be bots going off
 
Quote from JimmyJam:

... now back to trading.

I honestly don't see too much upside in this chart, but we'll know in a few hours.

JJ

P.S. For anyone who cares, these are Camarilla Pivots.
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Just curious, as I've never really understood this...What is the appeal of non-standard, if you will, pivots? I mean, isn't the great value of the the pivot point, of r1, s1, etc., the fact that everyone is watching these levels. If one uses a non-traditional calculation, doesn't one lose this benefit?

Not intending to be argumentative here, just trying to understand. What does the Camarilla pivot bring to the party? Thanks.
 
Quote from tortoise:

Just curious, as I've never really understood this...What is the appeal of non-standard, if you will, pivots? I mean, isn't the great value of the the pivot point, of r1, s1, etc., the fact that everyone is watching these levels. If one uses a non-traditional calculation, doesn't one lose this benefit?

Not intending to be argumentative here, just trying to understand. What does the Camarilla pivot bring to the party? Thanks.
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The formula for the Camarilla Pivots measures the expansion and contraction of the market.

Most traders use them for Reversal/Breakout trades depending on what is happening with price action and whatever else they use (if anything) to measure market strength.

JJ
 
Quote from ammo:

i see a 3 step pattern on that chart ,usually pulls back to bottom of 1st step 1456ish
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I pesonally guarantee you that will not happen.

look for 1500 in short order.Either today or monday.
 
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