ES Journal Archive (2011)

[volente_00]

coming for rickshaws stop at 32

 

[samus]

call me crazy, but me thinks this is setting up for a sell off.

 

[i_c_fed_people]

small upside bias today and then a rocket up to the moon for Tday tomorrow would be cool.

 

[Rickshaw Man]

Quote from volente_00:

coming for rickshaws stop at 32

I think your having psychological issues, you can't force someone you don't know to take a position. Seek help!

 

[EliteThink]

Quote from ammo:

spx 1338-40 add 34 offer 35,36...trade the market,not the textbook,press around support and resistance... edit.. that tl is 1936 and 1987 high

could you possibly post the long term chart of this?

 

[Rickshaw Man]

Quote from samus:

call me crazy, but me thinks this is setting up for a sell off.

Really please explain, do you see a divergence, we all know volume on the upside has been low for the past two years. But we don't get paid on volume we get paid on price.

 

[samus]

Quote from Rickshaw Man:

Really please explain, do you see a divergence, we all know volume on the upside has been low for the past two years. But we don't get paid on volume we get paid on price.

I see a perfectly formed descending triangle and watching price by volume. I trade very short term so my probabilities are for my trading timeline... yours may vary.

 

[Rickshaw Man]

Quote from samus:

I see a perfectly formed descending triangle and watching price by volume. I trade very short term so my probabilities are for my trading timeline... yours may vary.

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern.

Did you mean a symmetrical triangle?

 

[samus]

Quote from Rickshaw Man:

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern.

Did you mean a symmetrical triangle?

Nope.. I went short at 34.25 looking for 33 to be broken which it was based on a descending triangle on a 500 tick chart. Covered at 32 on 10 contracts which means I'm kinda done for today. Probably could take more on the trade, but I don't go for home runs. I get my coin, I get out.

 

[ammo]

Quote from EliteThink:

could you possibly post the long term chart of this?