ES Journal Archive (2011)
- Thread starter Buy1Sell2
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http://www.insidestocks.com/momentum.asp ...bottom of page...4 out of 5 ma 's are still below 30
Maybe, but I have learned that when either bulls or bears are in control in the morning, it is something to be aware of in term of how the day closes.
Hypothesis: The bulls took their profits and is now drinking mojitos and eating an expensive lunch, while the bots are playing games and trapping early shorts. The bulls will be back later and take us to 1220 or higher
Based on the recent average ranges, 1220 is very likely.
Quote from Laissez Faire:
Maybe, but I have learned that when either bulls or bears are in control in the morning, it is something to be aware of in term of how the day closes.
Hypothesis: The bulls took their profits and is now drinking mojitos and eating an expensive lunch, while the bots are playing games and trapping early shorts. The bulls will be back later and take us to 1220 or higher
Based on the recent average ranges, 1220 is very likely.
10 minutes earlier: Got the pullback, but not as confident about a long anymore until I see support holding here. Maybe I`ll short.
The top may be in.
Man, you are all over the place.
Quote from Laissez Faire:
Maybe, but I have learned that when either bulls or bears are in control in the morning, it is something to be aware of in term of how the day closes.
Hypothesis: The bulls took their profits and is now drinking mojitos and eating an expensive lunch, while the bots are playing games and trapping early shorts. The bulls will be back later and take us to 1220 or higher
Based on the recent average ranges, 1220 is very likely.
Multiple 5min. closes above 11.50 might change my mind.
Quote from diablo11:
Man, you are all over the place.
Changing one`s opinion quickly based on the evolving market action can be useful for a trader.
Long @ 1211,50. Stop @ 1209,50. Target 1220.
I may be getting trapped in lunch hour action here, but the initial stop allows me to try again if stopped.
I may be getting trapped in lunch hour action here, but the initial stop allows me to try again if stopped.
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