ES Journal Archive (2011)

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Quote from feng456:

I hope you are right as I am in a long position and my stop is coming up real fast...but so far looks like a trend day.
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It bounced once and might bounce again before there is real confirmation. That yellow line is usually pretty good. Crossing my fingers for you.

FWIW, there is another analysis that is about as good. If you were to plot daily candles versus a decent-fitting moving average, you'd see that on an uptrend the bottom of the candles will only get so close to the moving average line unless some major event happens to disturb them. We are basically there.

EDIT: Macd turning up and new candle above the micro-trend. So far it looks like the bounce is gonna take.

SM
 
Quote from Picaso:

EMG, what do you base your cancellations on?

No mojitos today?
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the last bar regardless min, vol, tick, and range made new low 1345.75 was not HFT trades.
 
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