ES Journal Archive (2009 - 2010)

[volente_00]

Quote from wave:

Guess where all the buyers of that whole drop are holding to?

Oh look at all those trend trader stops get taken out.

My guess is they will be selling on the next higher high around 118-112 spy as long as we don't fall below 103.

 

[ammo]

longer tl starts 8/17, 1069-48 range, 48 bottom of megaphone

 

[OTCkrak]

FYI.. "the megaphone" or expanding triangle is the most difficult pattern to trade according to Eliot Wave Analysis

 

[ammo]

there all tough

 

[kinggyppo]

long spy 106.40 stp .40

 

[Lawrence Chan]

Quote from JSSPMK:

LC, EURUSD keeps sliding, would have thought it would at least bounce here, interesting.

If it blows through this zone then I wouldn't be at all surprised it we get to 1.3 pronto

50% previous year range acting as resistance now.

Setting up a retest of the low.

Break above short term long triggered. Otherwise the down trend is intact to gun for the next level.

 

[kinggyppo]

gold may be a buy for a scalp here , good trading.

 

[Lawrence Chan]

Quote from OTCkrak:

FYI.. "the megaphone" or expanding triangle is the most difficult pattern to trade according to Eliot Wave Analysis

When price levels not acting right (i.e. expanding triangle, etc.) that implies something else at work here - time.

 

[kinggyppo]

Quote from kinggyppo:

long spy 106.40 stp .40

flat 106.75

 

[JSSPMK]

re - megaphone, etc.

ImPO a lot of traders after years of trading or trying to trade patterns, in the end 'drift' away from them & start trading based of price zones.