ES Journal Archive (2009 - 2010)

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Quote from newbie463:

Soccer coach:
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I almost reposted that conversation. The slight difference was that today the midday top came right in the expected 12-12:30 timeframe and the midday botttom was 5 mins earlier than the 1-2 pm frame....
 
Quote from Jahajee:

Finally, markets covered that BIG RED candle and made new highs. What now?
If close of this bar holds above 820, then the hourly uptrend is intact and next resistance is 832, and then 847.

The pattern suggest a meltup last hour is quite possible.
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824 - 828 is the target sell zone.

If that works out, you may see new low as suggested by Pek's huge dragon formation.
 
Quote from Jahajee:

Finally, markets covered that BIG RED candle and made new highs. What now?
If close of this bar holds above 820, then the hourly uptrend is intact and next resistance is 832, and then 847.

The pattern suggest a meltup last hour is quite possible.
More...

forgot the chart --- see attached
 

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Quote from Lawrence Chan:

If we do get a top before 3 pm, we should see a thrust with significant volume.
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I have no interest in shorting this until we see clear signs of selling like a 1-2-3.

That said, I sold my longs too early (last one a tad under 20).

Sells should be held until PP or VWAP, whichever is higher.
 
Quote from smilingsynic:

I have no interest in shorting this until we see clear signs of selling like a 1-2-3.

That said, I sold my longs too early (last one a tad under 20).

Sells should be held until PP or VWAP, whichever is higher.
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Good trade!

Playing ADU blindly to get out at 3:00 pm is not my style either. :)

Not going short here too in the last hr. There is always tomorrow.
 
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