resend it
nice of them to stop me out within .25 before the run back to nearly 67
nice of them to stop me out within .25 before the run back to nearly 67
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ES Journal Archive (2006 - 2008)
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Quote from smilingsynic:
I see 1450's, in a month's time, and then tears, not of joy, but of heartbreak.
For the bulls, that is. Indeed, Cramer may go legit mad.
50 points in 3 days suggest an imminent pullback, and I like those. But I am not buying up here at 1370: risk/reward not acceptable to me.
Tradingmarkets used to sell a system based on the premise that a high 2 day RSI (over 90) and three consecutive up closes was bearish if the stock/etf/whatever was under the 200 day moving average.
Basically, the S&P right now.
Just an observation.
Quote from smilingsynic:
Tradingmarkets used to sell a system based on the premise that a high 2 day RSI (over 90) and three consecutive up closes was bearish if the stock/etf/whatever was under the 200 day moving average.
Basically, the S&P right now.
Just an observation.
kind of like this observation but vice versa ? I'm starting to think we saw the high for the week today.
Quote from volente_00:
on the first down day, the smart money is selling
on the second down day the semi smart money is selling more
on the third day of the move, the dumb money is puking their long positions and shorting late to the party as the smart money covers
On the fourth day, the dumb money will be forced to cover on the orchestrated spike to distribute more.
Quote from RsX:
Position reached +5.00pts, reducing the risk here a bit, down to -2.25pts (1371.25 stop). The 1367-1371 zone that I had on ever since monday, was finally hit and served it's purpose, so to speak.
Stopped out for -2.25pts just to turn around and head back to entry 1 tick higher. Don't like the manufactured price action, so staying on the sidelines for now, but watching for confirmation to go short again. They're just bidding it up to slam it down later on, at least that's the way this looks. Market psychology games. 1367-1371 still an important area as long as they're not breaking it on 60min closing basis.
This is what you've got to deal with most times - either being early on the move or then missing a big piece of it and taking a lower risk/reward entry.
How you determine moment when to start the rule 10 ES or 100 HSI? I understand what it is but where is "ground zero"?
If do exist such rules on ES and HSI than they should be on NQ, ER2 and YM as well, any observations, volente?
If do exist such rules on ES and HSI than they should be on NQ, ER2 and YM as well, any observations, volente?
Quote from smilingsynic:
If not, basically I was saying that the rule of 10, as I have observed it, works even better on the Hang Seng, except that it is the rule of 100.
Guys, I just spotted a triple D on 2 hour chart & we are very close to apex of pennant, ImO we go down according to what I follow, OK, I don't know whether it will happen ASAP or we climb first into Ben's speech and then drop, but technically it looks like down move to me. Keeping an eye on shorter term charts for an indication.
5min chart giving early indication of a climb
I am long 1365.75
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1791414>
5min chart giving early indication of a climb
I am long 1365.75
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1791414>
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