ES Journal Archive (2006 - 2008)

[Spooz Top]

i`ve managed to recoup most of my draw down from my stop out by going into scalper mode,long & short, in this range.

right now looking to see if the es can make another leg into the 1499/1502 zone but lo.mid `90`s are looking somewhat conservative.

 

[JSSPMK]

Pennant still valid, 10 minute still bearish, getting close towards apex.

 

[mbusch]

Quote from JSSPMK:

Pennant still valid, 10 minute still bearish, getting close towards apex.

Isn't a pennant normally a continuation pattern? Wouldn't one generally expect an upside breakout from a pennant, given that we entered it from an upmove? What are you seeing on the 10-minute that makes you bearish here?

 

[apex82]

market looks weak....
buying more yen with a tight stop

 

[JSSPMK]

Quote from mbusch:

Isn't a pennant normally a continuation pattern? Wouldn't one generally expect an upside breakout from a pennant, given that we entered it from an upmove?

Well, ImO MACD histogram points to direction, not pennant itself as continuation.

on 10 min chart there are 3 declining histogram peaks (failure swings)

 

[mbusch]

Quote from apex82:

market looks weak....
buying more yen with a tight stop

Hey, guys, dinner tonight is on Apex. Sushi.

 

[JSSPMK]

Daily pivot an obvious target objective if price breaksdown of pennant.

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=1679160>

 

[apex82]

looking for one more high in crude oil to start a line short in the 94.40 area on the mini

 

[Spooz Top]

broken IVB on Es 60 min has me leaning short side......another push up is what i`d like to see.

 

[apex82]

critical area here for the ES... if they can hold it here new highs on the day.. if it breaks down short every rally.