ES Journal Archive (2009 - 2010)

[swing-scalper]

Quote from Lawrence Chan:

Longer term players working the market today. Usually they are done by 11 am.

Daytrading crowd got caught in the middle, that's all.

The rest of the day will be the fight of the day traders pushing it lower while resting long term orders defending the 790 level (or higher).

Good point. Are thoughts why they choose to run up from 779?

 

[swing-scalper]

Quote from swing-scalper:

Good point. Are thoughts why they choose to run up from 779?

Correction. Any not Are

 

[Lawrence Chan]

Quote from swing-scalper:

Good point. Are thoughts why they choose to run up from 779?

First quarter is over. Time to deploy $$$.

 

[stefan_777]

We have a rising wedge on the ES. These appear to be strong trend lines that have been tested 3 times so far.

Top line points:

1. last thursday's high, 830
2 yesterday at 807
3. Today so far at 800

Bottom points:

1. March 20th, 761
2. Last monday, 775
3. Today's low so far at 779

 

[saliva]

Quote from saliva:

Today's HOD should be at 803. Have that short order handy.

Never mind. I finally figured it out!

This also explains why I couldn't see why ES reversed at 807 yesterday.

Who uses NinjaTrader? Do you also use charts from other vendors? I currently have NT hooked up with Zenfire and also use Prophet. They give different results. On Prophet, a trendline runs right down to 807!!!

 

[startraitor]

if 800 breaks, will be looking for shorts 805-808.25, may not make it. still think today's low will be cooked before eod.

 

[Masterchanger]

Quote from Lawrence Chan:

Longer term players working the market today. Usually they are done by 11 am.

Daytrading crowd got caught in the middle, that's all.

The rest of the day will be the fight of the day traders pushing it lower while resting long term orders defending the 790 level (or higher).

Thanks Lawrence, but I'm part of the daytrader crowd!



http://www.elitetrader.com/vb/showthread.php?s=&threadid=149597&perpage=6&pagenumber=165

 

[saliva]

Quote from saliva:

Never mind. I finally figured it out!

This also explains why I couldn't see why ES reversed at 807 yesterday.

Who uses NinjaTrader? Do you also use charts from other vendors? I currently have NT hooked up with Zenfire and also use Prophet. They give different results. On Prophet, a trendline runs right down to 807!!!

Now here's NT. What gives?

 

[iloveoptions]

Quote from saliva:

Now here's NT. What gives?

I see your point. Are they both on the same time frame, same amount of bars, and the same chart scaling?

 

[saliva]

Quote from iloveoptions:

I see your point. Are they both on the same time frame, same amount of bars, and the same chart scaling?

Settings on both charts are on default and they're both 30-minute charts. Am I missing something?