ES Journal Archive (2006 - 2008)

fearless9 · Oct 18, 2007

Quote from JSSPMK:

Thanks Spooz, I didn't PM you, but I appreciate you sharing your experience with us.

Here is what I am looking at on ES and similar set-up in FDAX, still long FDAX & puts.

All the best for tomorrow everyone!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1646504>

excellent chart jsspmk.
perfect example of technical divergence.

regards
f9

JSSPMK · Oct 18, 2007

TY F9! Spooz, nice to have you on same side

BigBubba · Oct 18, 2007

add me to the list of lurkers who have benefited from your posts ST. maybe not financially..yet, but educationally at least.

(gawd that sounds ghey)

tommymoose · Oct 19, 2007

Globex always has a way of destroying nice chart patterns haha... No longer the wedge which might have had a more powerful pop, but the divergence should still be valid if we get a DB at ~1535... if we break that significantly 1520 it is.

JSSPMK · Oct 19, 2007

Quote from tommymoose:

Globex always has a way of destroying nice chart patterns haha... No longer the wedge which might have had a more powerful pop, but the divergence should still be valid if we get a DB at ~1535... if we break that significantly 1520 it is.

looks all doom n gloom

elovemer · Oct 19, 2007

... in AH we have broken the continuation pattern and revisited the target of the rising wedge ....35.50
....target of diamond is 26 ..... let's see if it gets there

Quote from elovemer:

...posting a shot of the rising wedge on the daily that i mentioned....
... 3 up touch .... 2 down
..... as part of 5th wave of 5 .... sometimes considered as part of a bigger trend change.....down

elovemer · Oct 19, 2007

double bottom ?
... i think it is not done yet... maybe rule of 10 or 20 upside first....right below diamond again at 56....during RTH
.... let's see
.... incidentally...missed it before when it counted... but there was neg divergence on daily chart ES at 77.50
.... single point divergence that is... not indicator trendline divergence...

fearless9 · Oct 19, 2007

Quote from JSSPMK:

TY F9! Spooz, nice to have you on same side

I do not use divergence, but your example struck me as a perfect example of technical divergence.

Good luck with the outcome.

regards
f9

JSSPMK · Oct 19, 2007

Quote from fearless9:

I do not use divergence, but your example struck me as a perfect example of technical divergence.

Good luck with the outcome.

regards
f9

TY F9! As it was a 2 hour chart there is quite a bit of wiggle room prior to potential bounce/reversal, so hopeful I will remain

So far treating pre-market p/a as a headfake which bounced off support by doing so it's put a divergence on 4 hour chart & that improves odds of being long (with a hedge).

fearless9 · Oct 19, 2007

Quote from JSSPMK:

TY F9! As it was a 2 hour chart there is quite a bit of wiggle room prior to potential bounce/reversal, so hopeful I will remain

So far treating pre-market p/a as a headfake which bounced off support by doing so it's put a divergence on 4 hour chart & that improves odds of being long (with a hedge).

what indicator as you showing