ES Journal Archive (2006 - 2008)

[Zodiac4u]

Quote from webbma:

Thank you...am i crazy or do most people tend to be able to figure out the trend on the longer time frames?

I don't know about most people. But yes! You would see the larger picture using bigger time frames.

 

[Lawrence Chan]

Quote from webbma:

Quote from Lawrence Chan:



1. The opening range became the high of the day after an hour


LC or others: Can you define opening range? What is the time period you are referring to? Is it 9:30 - 10:30 est (opening of equity markets?

Thanks,

Webb

As others already posted, you need to work on that yourself to figure out a time range best for your style.

Aside from gap play, I do not usually engage in a trade until after 10 am ET. Thus I like using the first 30 min range.

I know a friend who use the first 5 min range as the bull/bear line and avoid taking a trade if the price is in that area. That filter works very well for him.

 

[Lawrence Chan]

Quote from Jahajee:

Good vino helps, my preference being a robust, hearty shiraz or merlot.

Yes!

 

[Jahajee]

869 to 874 is a zone of confluence - 874 being a key pivot area, PP at 872, POC at 869


856/858 another important support area, then 852


890/891 resistance, R2 at 911

 

[ammo]

they have til fri for tax selling with 3 day clearing

 

[jmoo]

short 870

 

[volente_00]

My what a strange range.

 

[ammo]

78 res 56,44 supp sorry wrong chart ,but the chart i tried to bring up,those #s are good for the es,reedit, the res is 880-881

 

[BoyBrutus]

60 OR looks like a good trade today

 

[jeb9999]

Quote from ammo:

they have til fri for tax selling with 3 day clearing

Incorrect, as last day to take gain or loss is 12/31. IRS uses trade date, not the settlement date.

http://www.fairmark.com/capgain/lastday.htm