ES Journal Archive (2011)

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Quote from Buy1Sell2:

not proposing multi day/week trades, but just wanted you to look at 10 AM EDT yesterday on the 60 , 15 and the 5. They all reversed there together and trades and stops could have been made on the 5. Day trade short bias came in at 10 AM EDT wed.

At 10:00 the 60 had not turned, the 15 had'nt either, and the safest early entry happened on the 10:35 bar. I'd love to read how you read that Day trade short bias came in at 10 AM EDT, without the benefit of hindsight. Only the chosen few shorted before 10:30, but I'm willing to gain insights to gain access to that club with your help.:)
 
Quote from SrRuthenate:

At 10:00 the 60 had not turned, the 15 had'nt either, and the safest early entry happened on the 10:35 bar. I'd love to read how you read that Day trade short bias came in at 10 AM EDT, without the benefit of hindsight. Only the chosen few shorted before 10:30, but I'm willing to gain insights to gain access to that club with your help.:)

all three charts, especially the 5 and 60 signaled reversal at 10 AM Eastern. Now that, coupled with the short bias on daily charts and weekly charts, meant that a short trade was more likely to work than a long. I am not claiming a trade there. Of course it was just a reversal of the 5, 15 , 60 long bias.not a reversal of the longer term trend which has not been up for quite a while. :)
 
Quote from SrRuthenate:

At 10:00 the 60 had not turned, the 15 had'nt either, and the safest early entry happened on the 10:35 bar. I'd love to read how you read that Day trade short bias came in at 10 AM EDT, without the benefit of hindsight. Only the chosen few shorted before 10:30, but I'm willing to gain insights to gain access to that club with your help.:)

Also even the 10:30 bar would have been way early for this move today and the action yesterday.--Have a good day all. Staying short with same stop for now. :)
 
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