S/R Emini Journal

[john99]

1pm reversals happen a lot. Also we are at Tuesdays closeing price. If we go lower, and YM doesn't break above 11627, I'm screwed. Positive divergence in ES, negative in ER2.

 

[Spooz Top]

most reliable times of day over the years are 10:30.....2pm & 3pm..........perhaps an ES walk up to the 40% at 32-32.50 & a reverse down at 2pm...............FWIW...........if no reverse at 2pm...the 3pm reverse is usually harder.

 

[john99]

here we go.

 

[5Pillars]

Quote from john99:

I'm betting on a reversal to the upside. Hoping to hit 736 on ER2.

Good call.............

http://www.charthub.com/images/2006/09/21/ES_317_VB_5.png

http://www.charthub.com/images/2006/09/21/ES_317_VB_6.png

http://www.charthub.com/images/2006/09/21/ES_317_VB_7.png

 

[5Pillars]

Quote from TinGull:

Hey Gary,

Just wanted to give you an update...just got out of my first futures trade ever and using your wisdom, got a 2 point profit Thanks again!!!

Good job!

Call it a day and go tell your wife you can make 2 pts a day with ease!!!!!!! :eek:

JK .....keep it up!

 

[romik]

yes good call, but is it a pullback or reversal, I am staying short here.

 

[john99]

737.5 looks like strong resistance and ES and Sox look weak. I think we are going to get choppy. I would look for shorts if YM comes down to 11610 with velocity. We may have a short if this trend line breaks with volume.

 

[tradequicker]

WHEN TIIMES BECOME IRRELEVANT TRADING GETS BETTER.......EMINI INTRADAY THAT IS MIND BIAS TRYING TO OUTGUESS WHAT THE MARKET WILL DO........DEATH TRAP....IN THE LONGER RUN.....

 

[5Pillars]

john99 - forgot that you trade the ER2........here was that LONG set-up on your call.....looked perfect at entry.............

http://www.charthub.com/images/2006/09/21/Untitled_1.png

 

[tradequicker]

ou have not left eh short yet ???