ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

For the ES, I set it to 405 for the 1 minute (basically, because of 405 minutes in the trading day). If one used 3 minute bars, then set it to 135 (405/3).

A fixed number of bars?

It depends on where you start your day, VWAP = Sum (C * V, Bars_so_far_today ) / Sum(V, Bars_so_far_today)
 
Quote from Decel:

Not too sure about that King. So far we're above (or the top end) of the opening range

Also, I keep seeing huge lots hitting the ask on the booktrader (only started staring at it this morning). I'm talking about 100+ lots slamming the ask vs retail hitting the bid.

Edit: aren't we printing a bull flag on the 5min?

Edit2: Spoke too soon...

I am not sure what timeframe you are looking at. I have been trading 10 to 60 minute charts lately due to volatility. My gut says we are overbought short term but as I said I have been wrong so far. If you go back a year or two apex was an interesting trader because he would show his profit targets and why. I am looking for a touch of the pivot in the next 3 days which is 884 on es.
 
96.50-98 looks like good short entry, upisde looks a little cooked. Would like to get weighted around 97.50 and stop over 900. target 91.50 on the downside if things fire on 5-15 min timeframes.
 
Quote from ChkitOut:

Holding to 99, may be a good reversal point, if we get there. imo.


target hit, now I'm thinking reversal day. All the way back down to 86 by eod is my target.
 
Quote from ammo:

bullish indicator,compare this with spu turns and we are due for a big selloff,this is just wndow dressing for end of month

I agree - but with very few traders and light volume they can ramp it up during last hour, all the way to 910-920
 
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