ES Journal Archive (2011)

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Anyone home? :)

Potential H&S on the 5-minute, projecting to the daily lows.

Not any volume at the moment, so the market is not going anywhere yet.

I might be looking to enter a short around 1330, targeting the daily lows and possibly a gap fill.

If 1330 holds, then we could easily see 1335 by the end of day, yes? At least a test of the daily highs?

Opinions?
 
Quote from Laissez Faire:

Anyone home? :)

Potential H&S on the 5-minute, projecting to the daily lows.

Not any volume at the moment, so the market is not going anywhere yet.

I might be looking to enter a short around 1330, targeting the daily lows and possibly a gap fill.

If 1330 holds, then we could easily see 1335 by the end of day, yes? At least a test of the daily highs?

Opinions?
More...

Still no sell signals here, so I'm still just hanging tough. Target is still 35's.
 
Quote from Laissez Faire:

Anyone home? :)

Potential H&S on the 5-minute, projecting to the daily lows.

Not any volume at the moment, so the market is not going anywhere yet.

I might be looking to enter a short around 1330, targeting the daily lows and possibly a gap fill.

If 1330 holds, then we could easily see 1335 by the end of day, yes? At least a test of the daily highs?

Opinions?
More...


One last push to day's highs then ... collapse
 
It's triangle time!!!!
2011-04-01-TOS_CHARTS.png
 
Quote from bigsnack:

It's triangle time!!!!
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What`s your experience with those, bigsnack?

If I recall correctly from the top of my head, TA literature classifies it as a continuation pattern. That would mean up for this one?

But I`m short? :D
 
Quote from Laissez Faire:

What`s your experience with those, bigsnack?

If I recall correctly from the top of my head, TA literature classifies it as a continuation pattern. That would mean up for this one?

But I`m short? :D
More...

You know, I'm not sure if it signals one way or the other, I just know that in either direction the breakout of the triangle should be a decent move. My itching trigger finger is ready ;)

A lot of classic PA moves (pennants, flags, etc.) always look to me like opposing TL's pinching together and then one of them breaking. That's how I trade em.
 
Quote from bigsnack:

My itching trigger finger is ready ;)
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Hope you were fast enough :)

Just as I was about to to get out for +0,25 and re-enter AFTER the market showed it`s hands, it did so right in front of me.

Let`s see if it`s a fake move or not.
 
Well the TICK is showing weakness, the only thing to worry about is that sometimes we come up and kiss the failed trendline as resistance.

Not in this case it looks like ;), filled!

Have a great weekend!
 
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