ES Journal Archive (2006 - 2008)

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I'm watching it right now too... very close to buying and putting a stop at 1533. If you check out the 60 minute chart too you've got textbook divergence going on.

:edit: long 34.50 stop at 33.00... sleeping on it
 
Quote from tommymoose:

I'm watching it right now too... very close to buying and putting a stop at 1533. If you check out the 60 minute chart too you've got textbook divergence going on.

:edit: long 34.50 stop at 33.00... sleeping on it
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im long too from 1434 3 pt stop very, very small size... not my plan trade but too good to pass up.

first target 1451

second target 1465

third target trailed...

huge R:R which also lowers win %
 
Quote from apex82:

im long too from 1434 3 pt stop very, very small size... not my plan trade but too good to pass up.

first target 1451

second target 1465

third target trailed...

huge R:R which also lowers win %
More...

if it can get above 1437... the trade should work out... if not then a new low is in order and odds are I get stopped out.
 
Seems like my newbie prognostication was right for once! :D

Now, what makes you think we hit dirt bottom? :p

Seriously, although I would too say 1434 is the bottom, I have a feeling they're gonna floor this baby down to 1430. Just don't quote me on this.
 
Quote from apex82:

if it can get above 1437... the trade should work out... if not then a new low is in order and odds are I get stopped out.
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stopped out... like you said, big R:R there, worth the shot. J/W how did you go about deciding the 1431 stop? The 1433.25 shoulder plus some breathing room or based on some fib levels? Whatever it was, it kept you in the trade while it was still valid while mine stopped me out right from the get-go.
 
Quote from saliva:

Seems like my newbie prognostication was right for once! :D

Now, what makes you think we hit dirt bottom? :p

Seriously, although I would too say 1434 is the bottom, I have a feeling they're gonna floor this baby down to 1430. Just don't quote me on this.
More...

It looks like that's where we gonna open...now trading at 1428.50.

Happy trading, folks!
 
Quote from mbusch:

B1S2, do you follow the 4-hour (240-minute) ES chart? I'm seeing strong bullish divergence on the 4h, far more clearly than on the daily or hourly. What do you make of this, if anything?
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4 hour is a good swing chart. However, there was no bullish divergence on the 4 hour chart yesterday at the time you posted this. You need to wait until the bar is complete before trying to see these things. :)
 
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