ES Journal Archive (2006 - 2008)

[bsparkyman]

Agreed, posted to demonstrate the method of entry and reasoning for a scalp as it was countertrend with pending news. Reentered at 76 on 4, again with fed announcement not trying to catch a trend reversal, just a scalp. Holding 2 with a tight stop. Looking to add or enter again when price presents the opportunity.

Quote from Buy1Sell2:

With proper position sizing, one can hold overnight or through any report. Holding overnight will allow you to sleep and also pick up gains in the direction of the trend, including gaps. Also, there are less commissions. A day trader believes they have less exposure because they are watching the screen and can be out with a tight stop. Thus, they believe they can use high margin. This is not true. The exposure is just the same during the day as it is overnight, so it is best to trade the size that would make you comfortable overnight or through a report.

 

[JSSPMK]

Quote from Spooz Top:

B1S2........as the 60 min macd/rsi being the king of the intraday trend......would it be fair to say that shorts should only be taken here given what divergence is telling us??

Spooz, I think I see what you are talking about, trouble with such divergences is that they are within established range, what I mean is that divergences are used at best when new/ish range is being established, like new current highs or lows, although what you pointed out does look a divergence, I find that range scopes do not make it a usable divergence, could be a bear flag, but I am not certain.

I mean bear flag on daily chart (possible) and any bearish divergence on shorter term charts may trigger continuation.

 

[elovemer]

...hourly bull divergences yesterday and today....

 

[Spooz Top]

Quote from Buy1Sell2:

The 60 minute chart is bullish. The chart became bullish at 4 AM EST when price rebounded off of 1485 . Right now, only longs or sidelines should be taken. If you are not in right now, you would need a fresh long signal or take the chance at pain for a while.

i guess i`ve misread the 60 as i`m not a big divergance tech.

could you critique this chart & show me what i`m missing in the bullish department?

TIA,steve

 

[Buy1Sell2]

Quote from Spooz Top:

i guess i`ve misread the 60 as i`m not a big divergance tech.

could you critique this chart & show me what i`m missing in the bullish department?

TIA,steve

I am using the continuous chart so as to incorporate the European session. You may be using the RTH. By the way, if the two sync up, it's stronger. In any event, divergence doesn't mean it will definitely go higher. It just raises the probability.

 

[islands111]

Quote from Spooz Top:


Blackguard....you`ve been a permabull through some decent trading vol.......are higher prices from your analysis or are you just talkin` your position as usual??

both

 

[Buy1Sell2]

Quote from 4re:

kept me in my trades several times when I was thinking of taking profits. .

Good trading to all,
Gary

Hopefully by doing so, you were able to gain more profit. Thanks for the kind comment.

 

[E23]

news indicator points to a fall

commentator indicator points to a rally

sentiment indicator points to rally

everyone and there mother is overwhelming short of those that open their mouth

the increase in posts on ET is a bit unnerving for being short

Hopefully we just get 4 consecutive 50 point range days in a 100 point range

 

[Pekelo]

Quote from Spectre2007:

dude, your on a different wavelength, repeatedly you demonstrate this. If you must know, I wasn't short.

Apparently at least 3 readers thought you were, so stop obfiscating and post simple, up to the point posts.

If you want to write a blog, start a journal and we promise, once a month we will take a look.

Or I might just have to put you on ignore, after all there isn't much information value in your posts...

P.S.: Oh the hell with it, Spectre is on Ignore, going the Porgie way...

 

[Spectre2007]

porgie aint so bad.. us gypsies have to stick together..wanderers among the stars...