ES Journal Archive (2011)

Status
Not open for further replies.
Extreme TICK readings, but no follow through yet.

A divergence worth noting or am I simply impatient?

Half gap is still at 31 I guess, but one could perhaps be led to believe that if we start trading into the gap we would go higher than that. :)
 
Quote from PushPull:

Why did he chase his entry above his usual one-trick-pony (his words) 50% retracement?. Will you ask him?.:p
More...

Because of where the TICK was. It was already testing -600, and TICK will very rarely close below -600 in a bullish condition.

If it had dropped to the 50% exactly (which it eventually did at 10:56), I would have added a contract there.
 
All 3 seem to retreat from the highs here and suble lower highs are being made. Double top remains in effect.

Could be building energy for a breakout, very hard to tell for me at the moment.

Anyone?
 
Quote from bigsnack:

Because of where the TICK was. It was already testing -600, and TICK will very rarely close below -600 in a bullish condition.

If it had dropped to the 50% exactly (which it eventually did at 10:56), I would have added a contract there.
More...
Thanks snack. I was measuring from the low of 13:27 est. Maybe we have different data. I think you are, minimum, a 2 trick pony then?.:p
 
Status
Not open for further replies.
Back
Top