ES Journal Archive (2006 - 2008)

[kinggyppo]

Quote from saliva:

Short 5325, gulp.

you should be alright. Took a quick long with horrible entry, flat for a small loss. The pivot looks like a brick wall at the moment.


Atticus I assume you are still holding short here?

 

[saliva]

Quote from kinggyppo:

you should be alright. Took a quick long with horrible entry, flat for a small loss. The pivot looks like a brick wall at the moment.

What made me to make a plunge was a negative divergence on 5-min stochastics(7) and I just got stopped out. So much for divergence!

 

[Spooz Top]

Quote from saliva:

Short 5325, gulp.

no need to sweat any trade...as long as your R/R is intact & your risk is defined with an out.

no trade should be regrettable.....just another small loss is part of every day business.

 

[JSSPMK]

hypothetical short 1555

Same 3rd lower peak, but on 2 minute chart, hypothetical scale out at trendline (if get there) and hold remainder, look out below

Scaled out at trendline (hypothetically of course) for a whopping 1 point, range could be better.

Price re-tested entry point, either cover or hold a bit longer, histogram is rising though.

rest covered for -0.5 but another lower peak in making on 1 minute chart, never give up!

Short 1554.50

Current 1 minute support scale out point and look out below

Looks absolutely wicked on 1 minute chart

 

[Anekdoten]

Vertigo,

Sure here is the chart I used on the ES for the play.

Need to call it a day, damn vacation getting in the way of trading

Anek

 

[Spooz Top]

57 is rule of 10 & 10 min TL.....possible inflection point??


edit: as well as the 15 min TL.....a little more significance on the bigger TF.

lo risk sell entry...eventhough i`m bullish up to 68/69 & having kicked longs a bit too soon.

 

[JSSPMK]

Quote from saliva:

What made me to make a plunge was a negative divergence on 5-min stochastics(7) and I just got stopped out. So much for divergence!

What about divergence in histogram on 2 minute chart? Lead in by 1 minute chart's histogram.

 

[JimmyJam]

Quote from saliva:

What made me to make a plunge was a negative divergence on 5-min stochastics(7) and I just got stopped out. So much for divergence!

Yeah, same here, -4.5

Shake it off, here comes the next trade.

JJ

 

[saxon22]

Short 1554


We got the double top on 5 min. Now what? Are we going down south or is this a stop rest on the way to Canada?

 

[Anekdoten]

In my studies I concluded that divergences in short time frames are not good enough to be considered a factor.

In fact, 50% accuracy was about right.

If you can consistently profit from then by all means disregard this post.

However, the divergences on bigger time frames were slightly more accurate.

Food for thought.

Anek