ES Journal Archive (2009 - 2010)

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Quote from Pholeuon:

High DeMark pivot for ES is 1120.

Problem as I see that MMs are in last time often repeating scheme:

1. Push down EUR/USD and try hold indexes ad much as possible. Everybody agrees so no big problem.
2. When the indexes looks like they start sliding pop up EUR/USD (in pivot point direction it is easier) and take indexes with it.
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50% retracement on cash from high to low is 1121.
 
IMF trying to change dollar status, maybe ben supports dollar for a push up to 76 on dx, res at 75 .50 area ,need s to push thru, also bonds rallied with spu's yesterday and are currently pushing up, so maybe pullback in spus
 
Quote from JSSPMK:

LC, looks like a failure in EUR so far, 3rd lower Hi. Still at TL though. I am on my second short now. If TL folds 23.6% is 1.4440 zone
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Should we see 1.48, there is no turning back. =)
 
Quote from kinggyppo:

thanks LC I always enjoy your input. I guess an edge would be going all in and being right, helps if you have been dealt a royal flush, don't get that in trading, at least I don't. I have one account where I went months without a losing trade, then I literally could not buy a good entry. I chalk it up to randomness of short term entry, still it is aggravating as all hell.
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As long as we take it as part of a normal process ...

I know - annoying is the least part of it =)
 
Quote from Decel:

LC is this good enough to be classified as a Wycoff thrust?
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You need a reference to what price is being tested.

The context for this morning is a gap down and below PP, and previous day close.

A run up to test the previous day close and failed, no thrust there.

By 10 am, there is also no test of ORH, just sell off from PP, so a test of ORL is expected now.

Should that break, S1 in play.
 
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