ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

EURUSD crushed.

Didn't you see JSS's post?
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This is a really crappy answer but I woke up late and glanced at the posts but didn't pay too much attention b/c the market was opening at the time.

EDIT: Lesson learned.

I tried to get short at 1087 but the market does what it does best and scared me to cancel the order before it was taken. Grrr.:(
 
Quote from Lawrence Chan:

JSS,

The chart you've shown has absolutely minimal continuation in the week after, and obviously some kind of rally into the upper part of the week range.

That is something I see to be cautious about.

i.e. a new low relative to last week's low looks reasonable, but we cannot rule out the possibility of a huge run up after an initial drop.
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That's exactly the same observation I was going to make. The weekly bearish hammer seems to provide a range for a possible top yet it triggers 2-3 weeks after it prints.

By the way, ES just broke last week's Lows. If history repeats itself, we should see accumulation and then rally to re-test the top of the bearish hammer during the week.
 
Quote from cipherscribe:

What a beautiful morning. As many points captured on the way down as on the way up.

Thank You Mr. Saliva... :-)

Adrian
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I wish I could reciprocate by saying I followed my own guts and rode the wave down. Although I caught the top, I got out too damn early and then went on a buying spree thinking that we wouldn't drop much. Well, so much for my euphoria. These are CL trades, which move pretty much in lock step with ES.

Staying out for the day. Might return later on. Good luck!
 
Quote from rock34748:

ammo gonna get greedy or stick to the plan? :cool:
watch it cuz EURUSD might find S @ 1.4950
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=1403
 
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