ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from Trvlwanderer:
Many thinking the same thing are banking on it.
And that's why it doesn't always happen. I missed this move up, but I am not convinced to join in now or short. I shall wait and see.
I personally believe that in setup where we are just touching upper BB will trigger "gorillas" take profit (even than I think more probably is that we will widen it). It can be in AH. BB are still clearly above us.
Real danger for longs is however reverse day tomorrow - this is case if we will go much higher later. But it will be visible on volatility in advance I hope. Without clear increase in volatility there will be no selloff.
Real danger for longs is however reverse day tomorrow - this is case if we will go much higher later. But it will be visible on volatility in advance I hope. Without clear increase in volatility there will be no selloff.
DAMN IT AMMO!!!! I SAID STAY OUT!!
And how many are you now carrying if you don't mind me asking??
We touched 200 EMA and than without any major hesitation crossed
20 EMA, 100 EMA, 20SMA, 50 EMA, 100SMA - why exactly 50 SMA that is the highest from all commonly used averages in trading should be heavy resistance if all others weren't? Indicators cleary speaks that this is not blowout top - we are not too overbought. We can continue 20 points up without any problem for MMs. Trend is up last days so I am scalping from long side (if there is enough volatility for it, that is the only problem). When we will get closer to overbought territory I will still continue but will be much more shy. And when we will start to be "heavy = terrible overbought" I will start scalp from short side because big jump down than will occur sooner or later and they can not fly in the sky. But just now I am going with trend -long- because it is same during last week and this day.
20 EMA, 100 EMA, 20SMA, 50 EMA, 100SMA - why exactly 50 SMA that is the highest from all commonly used averages in trading should be heavy resistance if all others weren't? Indicators cleary speaks that this is not blowout top - we are not too overbought. We can continue 20 points up without any problem for MMs. Trend is up last days so I am scalping from long side (if there is enough volatility for it, that is the only problem). When we will get closer to overbought territory I will still continue but will be much more shy. And when we will start to be "heavy = terrible overbought" I will start scalp from short side because big jump down than will occur sooner or later and they can not fly in the sky. But just now I am going with trend -long- because it is same during last week and this day.
Shall we go for 1110 today?
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