ES Journal Archive (2006 - 2008)

[BoyBrutus]

Looks similar to the ES today

Bump and Run Reversal

http://stockcharts.com/school/doku...._analysis:chart_patterns:bump_and_run_reversa

 

[smilingsynic]

Quote from saliva:

My chart tells me that we're confined in a triangle. It's gotta pop one way or the other and it's prolly wise to just stay out until then.

Yes, and it doesn't have to pop TODAY. Clearly traders are waiting for Friday's numbers. As for me, I've stayed out this afternoon and have been focusing on crude instead.

 

[Spooz Top]

Quote from saliva:

My chart tells me that we're confined in a triangle. It's gotta pop one way or the other and it's prolly wise to just stay out until then.

wether it`s a triangle,rectangle wedge or any range......it`s a matter of R/R & where in that range you buy/sell from that gives more profit than risk.....or edge.

example is that 54 sell was lo risk as was that 50 buy......it`s all about skewing odds in your favor.

one person sees a triangle on a 15 min ....while another sees a decending channel with profit potential.

 

[saliva]

Thanks for that response. As such, I got in long at 1550.50, the point where the channel and the triangle meets. This must give me a "double edge".

Profit target: 5225

 

[elovemer]

....possible symmetrical triangle (coil)
...15 min

 

[Spooz Top]

covered at 51.....3pm could go strong either way with an IVB setting up & my stochs turning up.

 

[saliva]

Out at 52.

<edit> My gut feeling tells me that we're heading south.

 

[Spooz Top]

tale of two markets here with dow/ym looking sloppy & heavy....Es throwing in spiky bottoms off TL says buyers are stepping in quick......don`t want o be holding over night for tomorrows #`s either way..

 

[saliva]

We're 2/3 into the triangle, and it should break out anytime now. Whether that's up or down, well, your guess is about as good as mine.

 

[lenola]

Or we stay in the triangle until tomorrow