ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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My my - maybe if you had any idea of how many people were in the thread BEFORE you came around and the banter about trading positions we had on a day to day basis you would realize it wasn't me that caused the issue, but you.
And come to think of it, I believe B1S2 even quoted you earlier today because you were once again badmouthing him or someone else - honestly I get tired of going back and looking.
Nevertheless if B1S2 asks me to leave I will never post here again. But I spent almost a YEAR everyday in the ET index futures chatroom, POSTING trades. Which still to this day, I have never seen you do. Did we occasionally engage in off subject discussion - Yes. But mostly we all posted trades, which in the end helped each and every one of us.
And you could never know this - but I still trade online with the guys that traded and posted the most in the index futures chat room - albeit on another venue. I guess if I really were the one that started the shit, they probably wouldn't care to talk to me day in and day out about trading either.
Not that I am a guru or will I ever be. All I try to do is make some $ trading, and learn what I can from those that care to give us a bit of info to sock away.
JSS, wouldn't a centerline cross on the Dow be expected since price has dropped so much? I don't see that as bearish (at least on the chart you posted) since the downward move that accompanies a "histo bump rollover and cross" has already taken place. I don't perceive it as bullish either, I just don't see it signaling anything I guess.
For my nightly analysis, the larger trend remains down, but if I were short ES on a positional basis I wouldn't keep those stops too far away. We're running into some support levels and the larger timeframes 360, 240, 120 show bullish triple divergence on the histogram.
Not much I can say about NQ except I have an inkling that if it can hold todays lows for the first couple hours tomorrow morning I think we make another move up (wave C for you EW guys) though Mondays highs over the next few days. However holding todays lows is a BIG IF.
ES 240-min chart showing potential 5-wave move down into support areas with triple divergence:
For my nightly analysis, the larger trend remains down, but if I were short ES on a positional basis I wouldn't keep those stops too far away. We're running into some support levels and the larger timeframes 360, 240, 120 show bullish triple divergence on the histogram.
Not much I can say about NQ except I have an inkling that if it can hold todays lows for the first couple hours tomorrow morning I think we make another move up (wave C for you EW guys) though Mondays highs over the next few days. However holding todays lows is a BIG IF.
ES 240-min chart showing potential 5-wave move down into support areas with triple divergence:
you have to think to yourself whos creating, these price patterns....
short...............
short...............
That's what I am thinking, support may well come in today to create a bounce, but after that bounce completes we drop, that's basically what weekly's allignment with monthly means to me. A bounce is very possible, if these patterns were always as straightforward as indicator crossing the line & price moving in same direction we'd all be rich
Quote from JSSPMK:
That's what I am thinking, support may well come in today to create a bounce, but after that bounce completes we drop, that's basically what weekly's allignment with monthly means to me. A bounce is very possible, if these patterns were always as straightforward as indicator crossing the line & price moving in same direction we'd all be rich
Whether 33.25 gets taken out today along with 32.00 is anyones guess, although 33.25/ 32.00 has some power to it.
The next level after that is 26.00.
I agree with you that this puppy has a longer term negative bias.
regards
f9
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