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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from RsX:
Interesting price action.. up 20pts from todays lows on 10x less than average volume. Straight up to this 1368.50-1370.50 key zone. Smells funny, this P/A..smells like a good R/R short.
It's either a gift to bears or really a true continuation.. 1370 marks the line. Leaving a 1370.00 MIT sell order up, with a stop at 1372.75 (-3.00pts).
This was about 24 hours ago, when I entered the 1370.00 MIT sell order.. We're now at 1355 e.g. about +15 pts from that level. And what was the globex high again? Right, 1369.75.. another measly tick lower from my MIT order. This is getting too common lately..
Anyways, we probably will reach 1350 by the end of the day. Could bounce a bit from 1353.50 here (pivot re-test at 1360-61 would be welcome), but 1348-1350 would be the ultimate target for this beating.. Well, would have been, at least.
Quote from princessa:
i'm with ya, tm. very similar price levels i'm looking at....
Cool. Checking in on the trade and seeing all is going to plan so far. I'm at the school library so I wasn't logged in right away and unfortunately had to see storm drains drivel posted.
Still possible we may get up to ~1381 to put in a gartley but thats looking less and less likely. I'll leave the extra breathing room with my stop for now, but I'm looking to hold this til ~end of week. Small leverage either way so no biggie if stopped.
Quote from vertigo3:
Hey, Spooz_top,
would you call this a diamond in the RTH? (bottom right hand side of chart)
submitted for ES Journal perusal, Daily, RTH, potential daimond and GAPS.
I am not here to argue the signficance or insignfigance of gaps.
I present the chart and the potential diamond because they're on My daily RTH chart. (by the way, price looks like it will probably create a gap today on the open)
hey Vertigo.......technically it is but i like to use them at tops & bottoms for reversals....& not so much as continuation patterns which they can also be.
sorry if i`ve missed questions from those that have asked.......as i have not been around lately so don`t take as being ignored.
good trading ,steve
Quote from RsX:
Anyways, we probably will reach 1350 by the end of the day. Could bounce a bit from 1353.50 here (pivot re-test at 1360-61 would be welcome), but 1348-1350 would be the ultimate target for this beating.. Well, would have been, at least.
Pivot re-tested and failed on 3min/5min chart. Short 1359.00 with a stop at 1362.25 (-3.25pts). Target 1349.00 (+9.00pts)
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