ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from gwac:

this PA above 1300 is very ????. Oil better stay down or this thing is going to collasp....
More...

I'm guessing the resistance (around 1300) there has something to do with option expiration.

OldTrader
 
I think NQ has stop helping it.... NQ looks tired 170 point in a week..


Quote from OldTrader:

I'm guessing the resistance (around 1300) there has something to do with option expiration.

OldTrader
More...
 
Quote from gwac:

I think NQ has stop helping it.... NQ looks tired 170 point in a week..
More...

That too...but I'm not expecting a big move down in NQ right now. Maybe some sideways, consolidation type action.

OldTrader
 
Quote from gwac:

what is so funny
More...

if its going up its going up, and if its going down its going down, if you can't figure out if its doing either, then play mean reversion.

trendlines, moving averages, support and resistance are all designed to signify what price is intenting to do.

trendlines/channels are the fastest indicator of 'intent'.. besides 'tic action'or pa//
 
Lets see if it stays above 1300 this time.... If not watch out below...


Quote from Spectre2007:

if its going up its going up, and if its going down its going down, if you can't figure out if its doing either, then play mean reversion.
More...
 
For what it's worth, the ES is up against a downtrend line on the daily chart, coming from the May top. This is the line we reversed from on Monday up around 1314. Today I have the line around 1302-1303.

OldTrader
 
Thing can go up in a non positive way which leads to great reversal trades. Again the PA above looks like shit so far today.

Ask yourself how many times they will keep trying...


Quote from Spectre2007:

if its going up its going up, and if its going down its going down, if you can't figure out if its doing either, then play mean reversion.

trendlines, moving averages, support and resistance are all designed to signify what price is intenting to do.

trendlines/channels are the fastest indicator of 'intent'.. besides 'tic action'or pa//
More...
 
Status
Not open for further replies.
Back
Top