ES Journal Archive (2006 - 2008)

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Quote from elovemer:

is nobody else playing a diamond top here ?
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Im not seeing a diamond top myself. Im seeing more of a broadening formation. Either way i think its clear distribution going on.

I want it to break one way or the other. Odds are for upside breakout - might just be a head fake.

Im on sidelines until i get a clearer low risk entry.
 
so you dont think the hourly chart looks EXACTLY like a diamond top ?

maybe i dont know what it should look like

Quote from Mins:

Im not seeing a diamond top myself. Im seeing more of a broadening formation. Either way i think its clear distribution going on.

I want it to break one way or the other. Odds are for upside breakout - might just be a head fake.

Im on sidelines until i get a clearer low risk entry.
More...
 
Quote from elovemer:

so you dont think the hourly chart looks EXACTLY like a diamond top ?
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Oh rite much bigger picture - yeah i see it. I was referring to the 15 min chart for the broadening formation.

Looks like its about to break downside unless it holds here.
 
EXACTLY .... :)
Quote from Mins:

Oh rite much bigger picture - yeah i see it. I was referring to the 15 min chart for the broadening formation.

Looks like its about to break downside unless it holds here.
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Quote from elovemer:

EXACTLY .... :)
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Diamond top could form with inverse head and shoulder may form - if so then i will like to play the downside on the break.

It is a reversal formation so lets see what happens. If it breaks out topside then it will act as a consolidation pattern.

On 24 hour chart valid inverse head a shoulder - its not perfect but if it breaks downside with the diamond reversal formation and the high volume selling yesterday then might be good shorting opportunities.

I would actually love for it to break out downside with future target of 1530 where i have some big confluence going on. If it was inverse head and shoulders then target should be roughly 1530 region.
I don't know how others are seeing this but i would like a retrace to 1530 region before blasting off to ultimate target of 1650. This would also confirm with my elliot wave analysis.

However, that is very long term and im a short term trader so my opportunites exist on shorter timeframe.
 
check out diagonal triangle type 1 for wave 5 of 5 .... elliott .....
.... let me know what you think
...edit... daily chart that is
Quote from Mins:

Diamond top This would also confirm with my elliot wave analysis
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Dear ES specialists, sorry to disturb you ! May we find some mature traders with some "bull_balls"

bull_balls.jpg


to lift ES over 1573.50 ???

Thanx for your attention !

:p :cool:
 
Quote from elovemer:

check out diagonal triangle type 1 for wave 5 of 5 .... elliott .....
.... let me know what you think
...edit... daily chart that is
More...

Hmm could you post a chart please.

I only use elliot on very long timeframe now because when i started and tried to use it on smaller timescales it just made me lose. Its much better use on longer timeframe for myself - all im seeing on my elliot wave is wave 3 still intact. Thats why i would like a move back to 1530 making wave 4.

The channel we have been in since the FED cut is part of my wave 3. That also has a wave count but i not really interested in that.

Others might see something else as its so subjective.
 
we're in a trading range for now.If u dont know how to play a range just step aside.

Im taking a vacation until further notice.

I'll be back when things get interesting again.

blackguard
 
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