ES Journal Archive (2009 - 2010)

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In my charts without time bars no. Long time we were trying break top of uptrend (very mildly, similar to horizontal) channel but did not suceeded (I never saw that price was able make it - another uptrend break after previous sucesfull uptrend break. I saw just once broken downtrend channel in my charts, second downtrend break.)
What we are making right now can be bull flag, and after we complete it will can return over 30, but the top of channel will stop us bellow1136

Now we are falling to bottom that I have a bit over 90.
I think that will well see 1100 - today or tomorrow, but unless we go bellow 90 I can not say that uptrend is broken. And without downtrend that will allow create new, steeper uptrend channel we can not reach significant new highs.

Btw, channel widht between 91-32 = 41 ES points is normal, channel can be quite stable.

Quote from Eko_Trader:

I think 1100 is very possible today. My up trendline is broken.
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FOMC day entertainment: prognosticating

I reckon that we will get up to (and possibly close) at 1120

We will definitely touch 15.5.

Looking ahead - I think we are red for a few days... starting at the earliest late today.
 
Quote from Picaso:

What kind of swinger are we talking about exactly?

Depending on the answer you're gonna need pictures... :p :D
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:cool: ( <- to protect my tender eyes)

Swing trading - I will lengthen hold times as a longer term (multi-day) trend gets underway... and shorten them as we near the turn.

For example - I believe we are about to enter a multi-day short... so I will look to eventually camp out in a short and try to pick up a big gainer... scaling out, etc.

EDIT: in other words it's like golf. Use your driver or putter when it makes the most sense.
 
Quote from Picaso:

Gap fill, anyone?
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Whick gap ?


above or the 2 below ?



DEMTDAYBOYZ are lurking and will bring the pain if we keep putting HL and HH on the daily.

Also we are making an ascending triangle on daily here.



Longer term if we failed at 1130 then 1050-70 sets up a nice IHS for 4th quarter rally


Aug spy options hint of a range of 108-115
 
Quote from schizo:

Sweeeeeeet. I see I got a small chump money for my kiddos.

PS. This is really none of my biz, but why do you people care what would happen next week when most of you hold your positions for no more than 15 minutes?

As for me, I'm looking to become a swinger. Anyone interested in swinging together?
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I hear DEMTDAYBOYZ are interviewing for a position.


:p
 
Quote from Airwaves:

long 1110.5
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cover here at 1114.5 for +4

Still holding the 1125.5. Was tempted to close it last night, but thought id risk holding it considering T-day is here.

So that's +7 points profit from the 'add-ons' so far.

Limit in to put the add-on back on at 1105
 
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