ES Journal Archive (2009 - 2010)

[fishing]

wow haven't seen this kinda sell off for a while

 

[paperboy]

Quote from ammo:

chart, this pattern is so rare that u cant trade it , but when you see it u need to be very careful if you are long

An Elliott pattern?

 

[schizo]

Quote from schizo:

Long 63.25

Stop 61.75

Out 65.25

 

[ammo]

Quote from paperboy:

An Elliott pattern?

not, i just visit that site to see what the mu,mup, landis, ed, and mich worse are saying , they nail it quite often, i was just sharing

 

[ammo]

heres the 3 step pattern from the 87 crash,it stops at the bottom of the 1st step, the 4 step keeps going lower

 

[Bigpipn]

Quote from ammo:

chart, this pattern is so rare that u cant trade it , but when you see it u need to be very careful if you are long

And even more rare is a textbook Gartley on the weekly Eur/Usd.

The last time Euro trended so strongly above the 34SMA look at the monumental collapse. I'm not trying to call a top in Euro by any means but this Gartley is too monumental to disregard considering the negative divergence.

 

[ammo]

bigp, can u put up a chart of your gartlye,thanks

 

[rock34748]

Gotcha ammo; I think... Unfortunately I'll miss most of it either way. What was it LC said Fri about volatility coming back?
Ignore for journal, I'm up $24.00 sadly that's it for actual trading... "a man's got to know his limitations." Now to study/review ES, CL, and EURUSD, Gartley (thanks Bigpipn) as well as interest rate issues; said the noob always 3 steps behind. :eek:

 

[Bigpipn]

Check out dollar-swissie weekly as well. There is a huge bullish harmonic pattern there too.

 

[Lawrence Chan]

Fresh trend break in the morning.

Bottom picking may not be a wise thing to do unless you have a very strict money management plan.