ES Journal Archive (2006 - 2008)

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3m histo putting in bull pattern

Quote from JSSPMK:

Short 1359.5, stop near 1361.25, hard +10

Scaled out 2/3 +2.5

Reason for shorting was quick range expansion followed by weakness on 1m chart's 2nd up swing failing to take out HOD, so small stop gunning for potential double top
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1/3 b/e

Although in black, seem to be on the wrong side of where market desires to go so far today. Than again I am not in favour of quick upsides in respect of sustainability of moves, I would rather look for opps to fade them
 
pleading ignorance here, JSS.
what's an "opps," or was that supposed to be "pops?"

Excellent call on 3 min histo. Pattern very similar (not the histo, just the PA) to range expansion between 10 and 10:30.

thanks for your posts. I mean it.
Clearly stated, and inclusion of the technical reason for the trade.
and in just a sentence.

Your posts are a textbook in trading the histo.

thanks.
:D
 
Quote from JSSPMK:

3m histo putting in bull pattern



1/3 b/e

Although in black, seem to be on the wrong side of where market desires to go so far today. Than again I am not in favour of quick upsides in respect of sustainability of moves, I would rather look for opps to fade them
More...

i'm not particularly well-versed in reading the histo/rsi/stochs for divergence. am i seeing the makings of a bearish divergence correctly on the 5 and 15 min?

edit: just paper trading, but i got scared out of a long off the 15 earlier and i don't trust it enough to jump back in. looking for a short entry and trying to learn a bit.
 
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