ES Journal Archive (2006 - 2008)

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maybe you are right LC (about downside under 49),

I looked at that chart I just posted and saw wide flat left shoulder, long-necked head, short (in time) right hand shoulder.
 
07-28-08 08:33 AM

07-28-08 08:02 AM

Long 1254.00 20 contracts


Initial stop 1247.00
Sell stop raised to 1249.00

I was stopped out on this on earlier for minus 5 per.
 
looks like i was wrong on my longs nq at 1853.75 and 1841.75
i will be looking for a good place to get out. current stop loss is at 1810.00 right below the prior days low.

:(

oh well, you win some you lose some. the cost of doing business.
 
Quote from vertigo3:

maybe you are right LC (about downside under 49),

I looked at that chart I just posted and saw wide flat left shoulder, long-necked head, short (in time) right hand shoulder.
More...

The neckline at 49 is broken.

To reverse the signal, we need a spring ...
 
there is a gap om arket profile(cleavage) at 51 -52.,on a normal day where price bounces between hi and low all day we would go back and fill this ,we havent which means we must take out an offer at 50 ,or there is a lage seller at 50 ,this could indicate that we are going lower if we break 45,i see 36 as next target if that happens,if usd/jpy holds up ,we should be all right for a return to 54-57
 
Quote from smilingsynic:

What I am expecting at this moment is a gap fill (1240 area, from 7/17) and therefore a shakeout that will serve as a bear trap, after which the market will hit the 1320's by Labor Day.
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Here and now.
 
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