ES Journal Archive (2011)

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If the bottom is in which I believe it is, I`m quite sure it will be tested one more time before going higher. Just a word of caution from a clueless newbie :)

Done for the day. Good luck fellas.
 
Quote from Buy1Sell2:

all three charts, especially the 5 and 60 signaled reversal at 10 AM Eastern.

Please do explain this. I really want to learn how you saw the bias change so early, even if the confirmation came later. Not joking here.:confused:
 
Quote from Laissez Faire:

If the bottom is in which I believe it is, I`m quite sure it will be tested one more time before going higher. Just a word of caution from a clueless newbie :)

Done for the day. Good luck fellas.

Time for one last post today.

Bottom may be in, but there is no signal of that on any chart right now. --Unlikely that bottom is in. :)
 
Quote from Laissez Faire:

If the bottom is in which I believe it is, I`m quite sure it will be tested one more time before going higher. Just a word of caution from a clueless newbie :)

Done for the day. Good luck fellas.
Nice trading there, laissez tomber.:p
 
Quote from Buy1Sell2:

Time for one last posts today.

Bottom may be in, but there is no signal of that on any chart right now. --Unlikely that bottom is in. :)

I was talking about an intraday bottom :)

The test is happening right now and may overshoot or undershoot the previous bottom.

Nice trade, btw. Do you have any target for it? At which point will you consider taking a profit?
 
Quote from SrRuthenate:

Please do explain this. I really want to learn how you saw the bias change so early, even if the confirmation came later. Not joking here.:confused:

It was overbought based on some indicators. It came up and touched the R1. It had gone up quite a bit over the past couple of days. It was just a good time to short.
 
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