ES Journal Archive (2009 - 2010)

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startraitor

Registered: Jan 2008
Posts: 1837

02-12-10 02:25 PM

Over time every price in in play, I meant like really soon.

Quote from jorgez:

many price points are in play

Hi Star,

The long version of my post is this .....

This morning price needed to push through 63.75ish which it did and then push into 60.50ish, which it couldn't break through, before it could reach the price point which you identified correctly IMO.
Plus it is a funny weekend and so who wants to start a price war on a funny weekend friday afternoon.
 
Quote from inks2002:

chart would be cool...

Nice chart. I saw the same thing, that's why I'm not looking for a short just yet.....also not long because I see EUR/USD weakness. I'm not sure if equities can run w/o EUR/USD strength
 
As an intraday trader, I only watch 5 minute chart. ES and NQ. Overnight action has no value in my system. Nor does anticipation, such as 10:30 reversal mind bias. Only the price action, candlesticks, and trend of 45 degrees.
 
Quote from Eko_Trader:

Nice chart. I saw the same thing, that's why I'm not looking for a short just yet.....also not long because I see EUR/USD weakness. I'm not sure if equities can run w/o EUR/USD strength

agreed, I'm playing the aud/usd long as of a couple hours ago. but not with full position size as the euro really needs to clear 1.37 I feel to get out of that downtrend.
 
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