ES Journal Archive (2009 - 2010)

[Eko_Trader]

late post: /TF
sh 527.1
closed 524.9

 

[pulsescan]

Quote from Pekelo:

Another dragon failure happened this morning at 948 SPX. (5 days chart) Height is 13 points, so the 3rd top is expected around 948+13=961....

it wont be today but i believe the market will close above 956 and begin the bull trap that should top out by the end of August mid Sept.

 

[MandelbrotSet]

The uptrend has resumed after yesterday's drop-and-bounce, and price momentum looks to be moving up as well.
***
Long @ 951.00
Stop @ 947.00

 

[MandelbrotSet]

Quote from MandelbrotSet:

The uptrend has resumed after yesterday's drop-and-bounce, and price momentum looks to be moving up as well.
***
Long @ 951.00
Stop @ 947.00

Trade taken-off at +2pts. There's no follow-through from the internals (like yesterday's trade), so I'll grab the qick profit.
***
I also had an earlier scalp at the Open for +2pts, but we don't need to count that one, LOL.

Good trading

 

[tomahawk]

Day looks bullish so far, but the Dow has closed green 8 days in a row ... that will want to correct at some point very soon.

 

[Pekelo]

Quote from workwithus:

ascending triangle on both 5 and 15 minute es

It looks symmetric to me...

 

[satchel]

Starting those buying programs a little early eh. So much for finesse.

 

[Eko_Trader]

NQ is on steroids, new highs on a daily basis. It's gonna take titanium balls to short that beast.

 

[Pekelo]

Quote from workwithus:

can we agree on "triangle".lol.yes indeed symmetrical triangle.

Well, there is a big difference. Ascending triangle supposed to break down*, a symmetric can break out both ways (usually the same way as the trend before). This one broke upward....

*Edit: correction in the post below

 

[Pekelo]

Quote from workwithus:

ascending triangle breaks down? are you sure?

Sorry, my bad, up. Then you were right, it didn't matter which one it was.

Getting close to the 961...(almost 959)