ES Journal Archive (2009 - 2010)

Pekelo · Nov 5, 2009

Is it already November, and I haven't criticized B1S2 yet?

Posted in another thread:

Quote from Buy1Sell2:

Bollinger Bands are the most important indicator on a chart and are nearly essential for successful trading.

Here is what I don't get.... Huge bounce from the lower BB on the daily, why didn't you go long around 1030 cash???
I use BB and I saw it but I don't post everything for obvious reasons...

Here is the visual, after a trend we most of the time bounce between the BBs a few times:

volente_00 · Nov 5, 2009

WHOLETDEMTDAYBOYZOUT

startraitor · Nov 5, 2009

short 61.50, stop 65, target end of day.

ammo · Nov 5, 2009

Quote from MandelbrotSet:

What are you even talking about?

the widest points are the nips or resistance and support, the same with the narrowest spots,cleavage

MandelbrotSet · Nov 5, 2009

Quote from volente_00:

WHOLETDEMTDAYBOYZOUT

... and on that note, have a nice day, volente_00!

Ciao

ammo · Nov 5, 2009

http://www.charthub.com/images/2008/05/08/MP_30_Master_5

Lawrence Chan · Nov 5, 2009

Quote from volente_00:

WHOLETDEMTDAYBOYZOUT

They are supporting EURUSD too. =D

Wonder if they are going to call it off early today. =P

saliva · Nov 5, 2009

Short 59.75

Stop 64.25

saliva · Nov 5, 2009

Quote from saliva:

PPT is increasingly finding themselves in the corner. How they will manage to break out this time will prove to be a challenge in my mind. But by no means will they give up too easily, especially without a fight. For tomorrow, I see a moderately bullish day. It's the following day that I'm more concerned about. Could it be the Bloody Friday that will jump start another tidal wave of selloff? Well, that's what my broken crystal ball indicates.

Methinks this is it, at least for today.

stella · Nov 5, 2009

I'm trying to take notes of views posted here by the experience traders and comparing against my LT views.

I have some questions. If you can kindly help answer (that is, if you wish to, if not its alright.)

LC: You mentioned 900 level. Is this level called based on 1099 being a major top, meaning... you think that going into year 1010, we will not see any HH then this 1099 high and the 900 level is the 1st target of what you see is the start of a downtrend. That said, it means that you think eventually going into year 1010, we will see a lower low then the 2009 march lows.

Pekelo: I see what you're referring to the H&S on the daily. Would you say a close of below 1044 today is good enough to void this H&S pattern? A breach of which level voids this H&S pattern? (I think I need to brush up my knowledge of patterns!).

Your sharing is much appreciated!