ES Journal Archive (2006 - 2008)

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Quote from gwac:

Watch the 1 hour channel setup that is going on. There will be a nice break later. Not sure what side.
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When I look at the hourly chart I don't see a channel. What I see is a 5 bar down move, pretty much straight down. Of course, I'm looking at the RTH chart.

OldTrader
 
There are 4 bars, it started at 8am. Draw TL 1 2 and 3 at the top
and 1 2 and 3 at the bottom. That is your channel forming.


Quote from OldTrader:

When I look at the hourly chart I don't see a channel. What I see is a 5 bar down move, pretty much straight down. Of course, I'm looking at the RTH chart.

OldTrader
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Quote from Buy1Sell2:

I have to defer to the long side still for now as a turtle type trend follower.
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Long-term trend following is very different from intraday trading. A long-term daily uptrend does not necessarily mean positive intraday movement.

Just FYI, and good luck.
:)
 
Quote from gwac:

There are 4 bars, it started at 8am. Draw TL 1 2 and 3 at the top
and 1 2 and 3 at the bottom. That is your channel forming.
More...

it is a channel moving down
 
$TICK index and other breadth indicates heavy selling ...

But the price level holds - in S&P.

For NQ and Dow, they got slaughtered.

RTH range just 9 pts.

Very odd!
 
Quote from Lawrence Chan:

$TICK index and other breadth indicates heavy selling ...

But the price level holds - in S&P.

For NQ and Dow, they got slaughtered.

RTH range just 9 pts.

Very odd!
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The day is young. :)
 
Quote from Lawrence Chan:

$TICK index and other breadth indicates heavy selling ...

But the price level holds - in S&P.

For NQ and Dow, they got slaughtered.

RTH range just 9 pts.

Very odd!
More...
yesterday spu and transports made new highs,so big money is in this market,this is a pause (profit taking)before going higher,stay above 1410 on cash,we are still in uptrend, edit ... above 1406-7
 
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