ES Journal Archive (2009 - 2010)

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Eko, I have my top line a little steeper and showing us above and attempting to confirm. Not real strong, but a couple days of lazy chop and maybe a stronger signal.

Sorry, no chart, just connect the recent highs in April and eliminate some long tails.
 
Quote from Eko_Trader:

LOL thats for INTC in response to your greener and greener INTC map. Sry.


EDIT: Here's what I think of this market. Initiating a short position, ammo style (adding to position), somewhere here is a good, sensible trade technically speaking. The chart below is what I'm basing it all on. I really do not think we'll blow through the down trendline that easily. If thats the wrong trade, then a stop above the trend line and away from any head fake will be the cost of that trade.
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Are we playing my chart is bigger than yours?..:cool:
 
Quote from neveral0ne:

are you guys trading on 5 or 1 min charts for entries ?
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This is a good question, everyone will have a different answer, for me on spy I like 2 min, 10 min and 60 min in that order. Maybe some other traders can chime in, good trading.
 
Quote from Rashid_G.:

Are we playing my chart is bigger than yours?..:cool:
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Lol, yes we are. Get on my level!!!

Pardon the redundancy, I just thought it would be better to add the chart to the commentary as oppose to referring to someone else's post.

@ Trvlwanderer. It'll be hard to generate any strong signal given the laziness of this market. Never sell a dull market...especially during earnings...that's why I'm not really bearish, and I can't be super bullish either due to the run we've had over the past week.

When was the last time we had lazy market to the down side? we grind higher on NO volume, and sell on heavy volume. Ironically, I expect the down trendline to still hold for a bit. I'll see how she plays out, I'm flat at the moment
 
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