ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Good observation, but two things to consider, IMHO:
1) Both NQ and ES have a big gap below. One might think that if we are to go higher from here, we would want to fill those first. OTOH, there is a gap above as well, so in case there is a big sell-off coming, maybe we tag that one first? Personally, I would lean against the one that is nearby first.
2) 1220,25 is the 50% retracement level from the swing high from 1343,50 and the swing low @ 1097. I`m not sure how significant this level is on higher time frames, but it could be a potential turning point, yes?
Now that we closed below your EMAs as per your last post, does that strenghten the case for a sell-off?
Let`s have a discussion here. Everyone is welcome to chime in
Why? The reasoning behind such a call is always welcome. Maybe someone could learn something
PS: I said I would take a break, but I never said it would be long. The truth is that I miss eudaemon and that is not a joke in case anyone is wondering
Quote from Laissez Faire:
Good observation, but two things to consider, IMHO:
1) Both NQ and ES have a big gap below. One might think that if we are to go higher from here, we would want to fill those first. OTOH, there is a gap above as well, so in case there is a big sell-off coming, maybe we tag that one first? Personally, I would lean against the one that is nearby first.
2) 1220,25 is the 50% retracement level from the swing high from 1343,50 and the swing low @ 1097. I`m not sure how significant this level is on higher time frames, but it could be a potential turning point, yes?
Now that we closed below your EMAs as per your last post, does that strenghten the case for a sell-off?
Let`s have a discussion here. Everyone is welcome to chime in
Why? The reasoning behind such a call is always welcome. Maybe someone could learn something
PS: I said I would take a break, but I never said it would be long. The truth is that I miss eudaemon and that is not a joke in case anyone is wondering
IMO, I think that if last weeks high and the gap below hold then we will see continuation to 1260 at least. If not and we trade below 1170 then probably another sell-off. Just my 2 cents.
I'm looking for a min 1186 es print. Upside 1213. Downside 1176-1186Quote from Laissez Faire:
Good observation, but two things to consider, IMHO:
1) Both NQ and ES have a big gap below. One might think that if we are to go higher from here, we would want to fill those first. OTOH, there is a gap above as well, so in case there is a big sell-off coming, maybe we tag that one first? Personally, I would lean against the one that is nearby first.
2) 1220,25 is the 50% retracement level from the swing high from 1343,50 and the swing low @ 1097. I`m not sure how significant this level is on higher time frames, but it could be a potential turning point, yes?
Now that we closed below your EMAs as per your last post, does that strenghten the case for a sell-off?
Let`s have a discussion here. Everyone is welcome to chime in
Why? The reasoning behind such a call is always welcome. Maybe someone could learn something
PS: I said I would take a break, but I never said it would be long. The truth is that I miss eudaemon and that is not a joke in case anyone is wondering
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