ES Journal Archive (2011)

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See how perfectly price bounced off 34,50. As predicted. :)

For all I know, bots are programmed to buy/sell this level. Or maybe it is the retail traders on the ES journal. :p

I`m trying to stay out of trouble, but leaning against the short side so I would like it to break first instead of guessing.

Not sure about a long either, although it could be a very nice R/R if we bounce from here.
 
Quote from Laissez Faire:

See how perfectly price bounced off 34,50. As predicted. :)

For all I know, bots are programmed to buy/sell this level. Or maybe it is the retail traders on the ES journal. :p

I`m trying to stay out of trouble, but leaning against the short side so I would like it to break first instead of guessing.

Not sure about a long either, although it could be a very nice R/R if we bounce from here.
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yes very interesting indeed. To be honest however, I am a bit sceptical that bots are programmed to give a lot of importance to 50% level Or maybe they are ..who knows.

I mean to say that I will think that bots are trading ES using much more detailed algorithms involving order flow, arbitrage relationships and what not. but who knows, maybe it is a simple world out there.
 
Questions.

Is this one large bull-flag?

Or is the day one large bear flag?

Is the trend up or down?

Did the trend line break or do we now have a new swing low upon which to draw a new one?

Which way from here?

Thanks in advance. :p
 
Quote from Laissez Faire:

Questions.

Is this one large bull-flag?

Or is the day one large bear flag?

Is the trend up or down?

Did the trend line break or do we now have a new swing low upon which to draw a new one?

Which way from here?

Thanks in advance. :p
More...
My thoughts too
 
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