ES Journal Archive (2009 - 2010)

[NoDoji]

Quote from Eko_Trader:

I don't see the H&S, but the IHS is painfully obvious. Then again, I haven't seen an IHS not play out in this market since we started this run-up.

Full disclosure: I was on the wrong side of the last big IHS because I didn't pay close attn to my charts

Shhhh, no IHS.

I see a lower head, we're headed lower.

 

[bigpapi]

So let's say there was an IHS, I think this is a good entry here ... but of course, there is no IHS

 

[Lawrence Chan]

Quote from Lawrence Chan:

98 and above sell zone.

May not be suitable for day trade.

I seldom see a sell zone blast thru this fast.

Classic setup in place -

1. a break of 98 and if it turns into resistance, downtrend continue.

2. a test of 1202 and hold, 1212 original target in play

 

[volente_00]

Quote from Eko_Trader:

I don't see the H&S, but the IHS is painfully obvious. Then again, I haven't seen an IHS not play out in this market since we started this run-up.

Full disclosure: I was on the wrong side of the last big IHS because I didn't pay close attn to my charts

It got voided.

Still have a cup with a handle pattern since around 3 am.


Or the IHS if we fall to 95-96

 

[tortoise]

Quote from W4rl0ck:

Of course we all know the market is going up forever and never ever ever ever correcting even a tiny bit, but this is interesting just as an academic exercise -

So far so good.

http://www.youtube.com/watch?v=h0W63rIoimE

LOL.

 

[ajcrshr]

Quote from wiesman02:

This is an ES journal. not a forex journal there bud

If you find no correlation between the value of the euro versus the dollar, the situation in the euro zone, and it's implications for the US markets, then please ignore my posts of currency charts.

The Eur/Usd is at a high risk/reward area for a long swing trade. If it breaks down from here it would be bearish for equities. This is a simplified way to gauge a default in Greece and it's contagion to Portugal, Spain and the rest of the euro zone.

The Greece situation has become increasingly important as it sets a precedence for the rest of the global economies. Many countries, most urgently the euro zone members followed by the US, face similar problems; massive government debt versus GDP.

 

[ASusilovic]

Quote from ajcrshr:

If you find no correlation between the value of the euro versus the dollar, the situation in the euro zone, and it's implications for the US markets, then please ignore my posts of currency charts.

The Eur/Usd is at a high risk/reward area for a long swing trade. If it breaks down from here it would be bearish for equities. This is a simplified way to gauge a default in Greece and it's contagion to Portugal, Spain and the rest of the euro zone.

The Greece situation has become increasingly important as it sets a precedence for the rest of the global economies. Many countries, most urgently the euro zone members followed by the US, face similar problems; massive government debt versus GDP.

You don't worry, the US super power called senseless buying or with other words long bias ship will rescue the world inclusive Euro zone.

 

[emg]

Good Morning Traders!

 

[emg]

Plan on going short 1212.00

 

[emg]

Quote from emg:

Plan on going short 1212.00

order cancel