ES Journal Archive (2009 - 2010)

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Once we went through 1080ish cash (the SMA line on the daily) we were officially in an uptrend. Where did we bounce from in the afternoon? 1081, right from the SMA line....
 
Quote from petty1978:

Here is a very reliable [ES] RTH signal:

Day(1) is either an UP or DOWN day.
LONG Trade Scenario:
Day(0) Open > Day(1) Median Point.
Day(0) Open < Day(1) Open.
*Short trade logic is exact opposite.

Day(0) will rally back to Day(1) open.

This signal is nice to watch for. At times, the ES will not rally/dip back to open on Day(0) and this allows you to see the "noise" factor in the ES and offers an even better position to take following day(0).

We are seeing this set up today BUT this is a Holiday, partial session, and the ES is erratic around these times. But this is a nice set up to watch for.

*SEE CHART*
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Don't forget about this guide. It did fire around a holiday so it can be erratic, but it seems to be playing out...
 

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Quote from Eko_Trader:

Weekly chart is kinda looking bullish especially given last week's run back up. On the weekly chart, I would be a buyer. Daily isn't looking bad either if we do not reverse into the close. 1126 may be in the cards by weeks end.

I'm sitting back and watching @ the moment.
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Barring any crazy news or EUR demise or any other craziness...or selloff into the close.. Buy you're dips to 1126, she looks good enough for that much.
 
Quote from Pekelo:

Once we went through 1080ish cash (the SMA line on the daily) we were officially in rally mode. Where did we bounce from in the afternoon? 1081, right from the SMA line....
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Not to sound more anal than I need to, but does that mean you got in long at 81 (or not)? BTW what SMA line is that? SMA20? SMA50?
 
Quote from ammo:

djt reduced
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Watch out, ammo, it ain't looking too pretty.

(Any chance for this market to reverse BIG time at this stage is slim to none IMHO.)
 
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