ES Journal Archive (2009 - 2010)

[ammo]

tl at 92, nip 92 edit that tl reduce to a 30 min comes in at 94

 

[schizo]

Even though there's a trendline to contend with, the fact that we've already hit the 200 day moving average twice makes me feel uneasy. While I'm feeling more bullish than bearish at the moment, the last 2 weeks have amply proven that anything can happen. This market is, in one word, sick.

 

[Rashid_G.]

NQ stronger than ES.. TL broken AND volatility looking to decline.. All indicating uptrend.. Will fish long low 1850's or do nothing today.. quite a gap.

 

[Rashid_G.]

L 1864.75

 

[Rashid_G.]

Quote from Rashid_G.:

L 1864.75

.. stopped -3 moved stop too early

 

[Pholeuon]

We are close to top of uptrend channel. I agree that position should be long (channels are much more often keeping than breaking) but long from top of channel is not good probability trade.
It can break to to upside as well, but breaking twice in same direction (it already broke to upside) is in fact rare thing.
Btw, we can not go bellow 1080 ES without breaking bottom of this channel - and those uptrend channels have very hard bottoms during last year and something.

 

[Eko_Trader]

Quote from Pholeuon:

We are close to top of uptrend channel. I agree that position should be long (channels are much more often keeping than breaking) but long from top of channel is not good probability trade.
It can break to to upside as well, but breaking twice in same direction (it already broke to upside) is in fact rare thing.
Btw, we can not go bellow 1080 ES without breaking bottom of this channel - and those uptrend channels have very hard bottoms during last year and something.

Hey Pho, Do you have a chart of your channel to post?

 

[startraitor]

77-82 looks good if we rollover.

 

[Pholeuon]

Ok, it is here.

 

[Rashid_G.]

Quote from Rashid_G.:

.. stopped -3 moved stop too early

Re-bought 1867... 1878 should be top soon.. air thin up here.

out at 1870