ES Journal Archive (2006 - 2008)

[zerosum111]

sell stop @ 79.75 covered at 76

 

[Lawrence Chan]

NQ just started filling its downside gap.

ES has filled 1/2 of its own downside gap.

 

[tommymoose]

Possible wedge long opportunity at 1373.75-1374.50 ES for any bulls out there

.... nixed

 

[smilingsynic]

Quote from Lawrence Chan:

NQ just started filling its downside gap.

ES has filled 1/2 of its own downside gap.

Gap will be filled at 71.75.

 

[vertigo3]

just had capitulation volume on the 1 minute.

 

[tommymoose]

Quote from vertigo3:

just had capitulation volume on the 1 minute.

Yeah. Usually you see this on a bar with a new low-tick indicating stop-outs... interesting that it happened when price was flat. I'm sitting on my hands seeing how it plays out... learning experience

 

[ammo]

offering 74.5 for a continued down to 64.75,it might b too dead to get that big of a move

 

[vertigo3]

oil is currently 119.51

unreal

waiting for low volume retest of recent low bar

 

[smilingsynic]

Quote from tommymoose:

Yeah. Usually you see this on a bar with a new low-tick indicating stop-outs... interesting that it happened when price was flat. I'm sitting on my hands seeing how it plays out... learning experience

Large volume on 1-minute bars, as I have discussed here before, often suggests trend change. It is true not just in ES, but in other instruments (B1S2 does not agree that volume is important, so we'll have to agree to disagree.

If this bottom holds, 1382 is not out of the question this afternoon.

 

[tommymoose]

Short NQ 80.75 off mini-wedge setup... stop 81.50

Looking for ~1876-1877... 77.75 limit

stop moved to 1-tick profit

stopped for plus a tick