ES Journal Archive (2006 - 2008)

[vertigo3]

BoyBrutus,
Is there a predictive value in the confluence of 50% retracement and 10:30 time stamp?

 

[BoyBrutus]

Quote from vertigo3:

BoyBrutus,
Is there a predictive value in the confluence of 50% retracement and 10:30 time stamp?

There is an intraday pattern that lines up to this. But I watch for confluence of many factors for entry, as my tick charts and DOM are my main entry tools for scalps. So at the point of entry I dont predict and I dont have resting limit orders.

 

[Spooz Top]

if we crack that 54 or yesterday lo by a point or more...i`d be looking for another leg south.

sld 40% fib @ 66.25 & missed my bigger lot @ 68.75 by a tic...not happy as that was my $ lot & runner.

i still feel 32 is obvious target & the beginnings of a big,bad bear/stagflation misery time period that i`ve been mentioning.

 

[BoyBrutus]

potential for a 45min bear flag here. I dont realy want to post this

 

[StockyIrishman]

went to answer phone and missed the sell off. what's a good short entry, do we test the mid 60's again?

 

[StockyIrishman]

Quote from StockyIrishman:

went to answer phone and missed the sell off. what's a good short entry, do we test the mid 60's again?

Guess that answers my question. but wonder if 65 is in the cards b4 another leg down.

 

[Spectre2007]

even the big money players are getting overextended, thats what the price action is showing, if they blow the support level definitively, attempts to cover underneath the liquidity wont be there, anyone who can be short is short...



lack of consensus zone is 1494.. :O

 

[mbusch]

Quote from Spectre2007:

lack of consensus zone is 1494.. :O

Chris, can you explain what you mean by that comment? I don't understand it, but it sounds important.

 

[Spooz Top]

PPT hammer prevented that cascade.....also hovering on the dow weekly TL.

 

[Spectre2007]

Quote from mbusch:

Chris, can you explain what you mean by that comment? I don't understand it, but it sounds important.

it means the market can spring either way, at the current zone 1455-60 most everyone thinks the market will go down, the previous support is 1494, becomes resistance now.

at 1494 the market can bust through and run some major stops on shorts.

usually markets will touch those levels, since buy stops will be there too.