ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I love how the 1332 AH low wasn't enough... they wanted to take it back during RTH right into the heart of the zone so that it appears on SPX and RTH-only chart traders screens (at least this is how I perceive it... level tested in RTH is more seriously considered)... expecting a breakout of this bullflag within the next 2 days.
Nice man, I think you got a real winner here... IDK how many contracts your trading but I'd hold onto one for at least 1360 retest... ~1375 if you've got the bronze
tommymoose,
I too have learned the significance of looking at RTH charts.
additional items that might have shown up on other chart reader's screens (well, they were on mine).
1) LOD was the 1.618 extension of H to L (start and stop of fibo labeled "Fib Pt" on attached chart.
2) LOD represented partial fill of RTH gap created Monday 3/24/08 (depicted on chart as horizontal rectangular box)
3) LOD was within 3 ticks (my superstitious favorite) of RTH S1 for today which was 1329.83 round to 1330.00, LOD was 1330.50
this information and a billion dollars would make me a millionaire
I too have learned the significance of looking at RTH charts.
additional items that might have shown up on other chart reader's screens (well, they were on mine).
1) LOD was the 1.618 extension of H to L (start and stop of fibo labeled "Fib Pt" on attached chart.
2) LOD represented partial fill of RTH gap created Monday 3/24/08 (depicted on chart as horizontal rectangular box)
3) LOD was within 3 ticks (my superstitious favorite) of RTH S1 for today which was 1329.83 round to 1330.00, LOD was 1330.50
this information and a billion dollars would make me a millionaire
Great trade you got there. Kicking myself for getting out early, but you know what they say about 20/20. I re-entered at 38.25, which was my plan after the earlier exit if it broke 37 and MA exp's on decent volume. Still holding. Watching 3min and 60 min. Taking profit at 47 if it wafers.
Nice, I also considered the first 2 items you listed. I still have no idea what R1 and S1 etc. mean though... on the list of things to study...
also check the internal retracements of the move up off the ~1255 and ~1287 lows, the measured moves from the 2 waves down since Tuesday and the trendline underneath.
also check the internal retracements of the move up off the ~1255 and ~1287 lows, the measured moves from the 2 waves down since Tuesday and the trendline underneath.
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