ES Journal Archive (2009 - 2010)

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Quote from rock34748:
Above short remains from yesterday; sl lowered to 1105.5; missed reasonable exit below 1085 while working; still looking for high 1070's before exit; maybe too greedy.
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still small sh from 1095; not as comfortable now, but staying the course for 1078.5
 
Quote from workwithus:

it appears your stops were based off the daily chart using the low(minus one tick) two days back and trailing it up every morning(except the last day you moved your stop twice that day maybe due to the failed break out on the daily at close).
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Yes, very observant. However, it will not always be this way. You will see as we go along.:)
 
Quote from rock34748:

still small sh from 1095; not as comfortable now, but staying the course for 1078.5
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You'll get 78.50. But major support at 75 so beware. 50 is also in the cards.
 
Quote from Buy1Sell2:

I use trend following/reversal indicators on the higher timeframe and momentum/reversal indicators on the lower time frame. Trends are not just higher high, higher low. The indicators help me "see" that.:)
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Could you show us an example of how you monitor a trend with the help of indicators? TY!
 
Interesting picture. INDU & COMPQ, according to some data sources, have now closed last gaps dating back September 2008. COMPQ showing sings of a failure swing, SPX hit 1100 second time (no breakout yet). INDU did breakout, but as it is a smaller index & it had that gap to close & now looking at the top of current upside move starting November 2009 needs to retrace anyway. Moving along, USD index been downtrending for ages & now has a triple divergence on its Daily chart, gotta bounce at least ImPO. EUR has bounced off top & also has a triple divergence, but a bearish one. Same again in Swiss Franc. Crude 3rd week in a row showing rejection of $80 zone.

Bottom line is we are due for a pullback towards 50 MA anyway, above signs point to a substantial pullback taking indexes below 50 MA. Or we have a breakout.

Question is - what is more likely?

I vote: Substantial pullback (SP)

Best to all!
 
Quote from JSSPMK:

Interesting picture. INDU & COMPQ, according to some data sources, have now closed last gaps dating back September 2008. COMPQ showing sings of a failure swing, SPX hit 1100 second time (no breakout yet). INDU did breakout, but as it is a smaller index & it had that gap to close & now looking at the top of current upside move starting November 2009 needs to retrace anyway. Moving along, USD index been downtrending for ages & now has a triple divergence on its Daily chart, gotta bounce at least ImPO. EUR has bounced off top & also has a triple divergence, but a bearish one. Same again in Swiss Franc. Crude 3rd week in a row showing rejection of $80 zone.

Bottom line is we are due for a pullback towards 50 MA anyway, above signs point to a substantial pullback taking indexes below 50 MA. Or we have a breakout.

Question is - what is more likely?

I vote: Substantial pullback (SP)

Best to all!
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Where is the 50MA on ES.?
 
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