ES Journal Archive (2011)

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Quote from ammo:

when you sh res and it doesnt pullback,it's probably not res
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That makes sense and I agree on that notion.

Different functions of S/R. In an uptrend, which we currently are in on the 5-minute as I read it, resistance usually marks the top of a consolidation phase only to be taken out when the trend resumes.

As an example, current resistance is at 54,25, but I don`t expect it to last, although we could top out here as well.
 
Quote from Picaso:

Don't doubt yourself, LF, you've shown to have a good understanding of the market and never post BS.

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I'd say it wants higher
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Well, I certainly try not to. :)

Interesting about the DOM skew, I`m starting to become a believer. :)

What was that previous picture supposed to illustrate? What was the horizonal line?

And did I see a trend line there drawn on the wicks and not the body? :p
 
Quote from Laissez Faire:

Well, I certainly try not to. :)

Interesting about the DOM skew, I`m starting to become a believer. :)

What was that previous picture supposed to illustrate? What was the horizonal line?

And did I see a trend line there drawn on the wicks and not the body? :p
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Don't believe anything, verify everything.

HOD Thursday, (almost) Friday, today's ETH HOD

Artists are always ahead of our time :D :p

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IF one more push up THEN too close not to test the HOD (NQ already there)

About 4 points above next support, though, a bit expensive imho for new positions unless we pull back some
 
Well, NQ now filled the gap it did not fill this morning.

I still have a ES gap fill @ 57,25, unless something is wrong with my data feed.

AH high and Thursday high should be in reach by end of day, yes?

Surely not another one of those double tops?

Can we all agree that 56 was the prior HOD for this day? The new high of day is now 56,25? Just wondering if anyone is interpretating it differently than I do. :p
 
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