ES Journal Archive (2006 - 2008)

[[Proximo]]

Trendline Support + Higher Low + "W" (waiting for confirmation) + T/S (Aggressive Buyers) + Larger Time Frame HH (ie Trend Up)

Need volume to come in.

 

[[Proximo]]

Taking too long. You can close it if ya like :]

I'm still long though.

 

[saliva]

Quote from webbma:

Last Question of the day because I know i'm over my allotment.

What indicator do you use to monitor momentum building? macd? or something else?

You'll get a comprehensive view of my trading system here. I encourage you to read the entire thread.

 

[webbma]

Quote from saliva:

You'll get a comprehensive view of my trading system here. I encourage you to read the entire thread.

That's perfect. Thank you very much.

 

[saliva]

Quote from [Proximo]:

Taking too long. You can close it if ya like :]

I'm still long though.

Actually, methinks we're bound within a channel. See for yourself.

 

[[Proximo]]

Testing range middle here. It's do or die time.

 

[[Proximo]]

For how long? 5 Minutes, 2 Hours?

Quote from saliva:

Actually, methinks we're bound within a channel. See for yourself.

 

[[Proximo]]

We should get a re-test of the failed break out.

If that doesn't go through on the second try, I'll exit.

 

[saliva]

Short 67.25

Stop 70.25

 

[smilingsynic]

That surge to new afternoon highs around 1:57 EST on high volume seemed to target the VWAP (volume-weighed average price) on the 1-minute.

From my observations, the VWAP (405--405 minutes from 9:30 to 4:15) often acts like a pivot point.

Counter-trend traders who use moving averages as targets might want to consider putting that on their charts.