ES Journal Archive (2006 - 2008)

[mbusch]

I'd like to see one more downmove to the 64 area before going long. If 65.25 was the bottom, then I missed it.

Another reason for waiting for one more downmove is that it would close the gap from last night.

 

[Pholeuon]

same problem with Etrade. I believe problem is in freezing datafeed.

 

[JSSPMK]

Quote from mbusch:

I'd like to see one more downmove to the 64 area before going long. If 65.25 was the bottom, then I missed it.

Are you tracking hourly TL?

 

[thomfergu]

Quote from opt789:

Anyone else having trouble trading on Globex, or is it just ThinkorSwim's antiquated futures trading being down again?
Edit: Guess it was just them, but it is back up now.

major problems with TOS this morning .server is down or they don't have internet im getting very weird messages

 

[kinggyppo]

Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1721189>

Nice trade.

 

[mbusch]

I'm long small size from 1464.25, looking to add on after a 15-min reversal bar. PT1 is 1474.25 for 10 points. If I get the add-on, PT2 is significantly higher for a home run.

 

[JSSPMK]

TY! Mbusch could be correct here, I also see a bounce/reversal on 2 minute chart, though I'll let 1/3 go to bearish TL.

 

[mbusch]

Quote from JSSPMK:

Are you tracking hourly TL?

Here's what I'm looking at. Normally a very bullish formation.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1721235 width=700>

 

[JSSPMK]

Quote from mbusch:

Here's what I'm looking at. Normally a very bullish formation.

You referring to the ascending triangle?

 

[mbusch]

Quote from JSSPMK:

You referring to the ascending triangle?

Yes. Those normally break to the upside (the horizontal side).

Just added on long at 1464.50. Missed my entry by a few ticks because I was preoccupied posting that chart. Gotta get my priorities straight.

EDIT: Expanding, if you look at that chart I just posted, you'll see that we first broke out of a descending wedge (which is a bullish formation), and now are in an ascending triangle (which is another bullish formation). So I'm inclined to play the long side.

As most of you know, I'm extremely bearish in the intermediate term, and expect to see us down to 1200 or below, but for the moment I'm playing the long side.

EDIT: More bullish signals: we've made a very nice "W" bottom on the 240-tick chart, and we have a definitive reversal bar on the 15 minute.

PT1 is 74, PT2 is 80s. If we make those, it will be a nice Christmas gift.