ES Journal Archive (2009 - 2010)

[ammo]

spx 1055 ?

 

[wave]

If we break 62, we're good.

 

[OTCkrak]

Quote from JSSPMK:

re - megaphone, etc.

ImPO a lot of traders after years of trading or trying to trade patterns, in the end 'drift' away from them & start trading based of price zones.

support and resistance.. sure

but nothing more beautiful than a breakout of a tight established channel or descending/ascending triangle

*except when its a trap

 

[wave]

See how the boys defended 53.

 

[wave]

Now what did they just create to fuel the move up?

 

[JSSPMK]

If it can't breach this level, then 1085 today is not likely ImPO, as this is previous support on Weekly chart

 

[adadadog]

hs/1m, touching neckline.

 

[lurefo]

Quote from wave:

back to 1085 by eod.

At the time you called it es was trading a bit above 1070, so that would have been a 15pts trade.

Since then it went down 20 handles and it is still underwater.

Would that be a typical R:R trade for you and how much are you usually willing to let the market go against you before you take the loss?

Thanks.

 

[adadadog]

Quote from adadadog:

hs/1m, touching neckline.

expanded into a bearish triangle, to break down?

 

[tortoise]

first potential bottoming indications i've seen in many, many weeks