ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

where? more like a bull flag to me

i reckon resistance will be taken out today

check out 10m histo
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I guess you gotta wonder what happens to all the day traders that are short here in the next half hour.

OldTrader
 
Quote from ammo:

if you add roughly the open interest in spy 122-132 calls,900.000. 120-130 puts close to 900,000. There is no lean or imbalance,thats a 12 point range with the heaviest open interest ,the avg price is 126, let's see where we close
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:eek:
 
Interesting IHS setup on NQ

Support from 1800-1820... should be good for 1880 and eventually 1915. I'd jump on any weakness tomorrow to get long if you've got the balls to hold for these targets. Nice R/R setups with good probability IMO.
 

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Quote from MandelbrotSet:

JP is correct, it's a bull flag.
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I know what a bull flag and bear flag are. The chart I was referring to was the very short 2 minute chart that a lot of folks here look at, not the 60 minute chart that I rely on heavily during the day. :)
 
Remaining short here. Stop will stay at 1285.00 for today. This will lock in roughly 135 pts on this position trade if the stop is hit.

If daytrading, I will be only looking at the short side for now. If a trade doesn't present itself, as it didn't Friday, then I stay on the side. One of the major keys to trading is to be patient and take the good signals. Another major key is to get out quickly when wrong. This last one is more important than getting direction right and I employ this rule steadfastly. :)
 
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