ES Journal Archive (2011)
- Thread starter Buy1Sell2
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anyone notice an almost complete cup and handle or at least what qualifies as a bull flag in some of the indices like the nasdaq sp500 djia on a 10 day chart?
I am feeling very bullish.
I am feeling very bullish.
I like your terminology!
I can tell you what I think from a swingtraders perspective. Look at the daily candles going back about 6 weeks. You can see that we're repeating a pattern played out last month. Its really obvious if you put a moving average in there, sized appropriately. Down move, congestion, and then a break out.If history repeats itself, or if you believe in the accuracy of Moving averages, the market will be up tomorrow and if history repeats itself, us 9 to 5 traders may even see a gap up.
SM
Long @ 1345. Stop @ 1330. Target 1400.
I will most likely not have any time to devote to serious day trading the coming month or even longer, so I`m trying a swing trade here.
I will tighten my stop some if the trade moves in my favour.
I will most likely not have any time to devote to serious day trading the coming month or even longer, so I`m trying a swing trade here.
I will tighten my stop some if the trade moves in my favour.
looking for a pullback to 40 from 48-52
Quote from Smart Money:
I like your terminology!
If history repeats itself, or if you believe in the accuracy of Moving averages, the market will be up tomorrow and if history repeats itself, us 9 to 5 traders may even see a gap up.
SM
Looking at charts tonight, I had another thought worth throwing out there. I believe what I say and have positioned myself accordingly. But more congestion is still a possibility too. so if we don't have strong futures, waiting until you've had your Mojitos would be conservative.
SM
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