S/R Emini Journal

Status
Not open for further replies.
Quote from MiniDowTrader:

Broke out my copy of Bulkowski's Chart Patterns and read up on the descending triangles...since I see them forming on the ES and YM.

Good book btw.

MDT
More...

I have 2 of his books. Really good reading. His Getting Started in Chart Patterns is a good read because it is laid out as he is teaching somebody to trade. So more of a story instead of this is a flag, flags are good...You know what I mean. I am seeing a bear flag on the 5 minute ES chart. Lets see what happens.

Gary
 
Quote from 4re:

I have 2 of his books. Really good reading. His Getting Started in Chart Patterns is a good read because it is laid out as he is teaching somebody to trade. So more of a story instead of this is a flag, flags are good...You know what I mean. I am seeing a bear flag on the 5 minute ES chart. Lets see what happens.

Gary
More...

Holding Long, waiting fo rthe upswing :D .
 
Quote from MiniDowTrader:

Wheee! What the heck was that? Broke out both sides of the descending triangle on the ES. Geez! Which signal is busted?:eek: :eek:
More...

that was a divergence my man on 5 min
 
Quote from romik:

that was a divergence my man on 5 min
More...

yeah, yeah, i'm too dumb to read divergences

reversed and now i'm not so "down" (can't allways post and trade at the same time, it's distracting, and i have to concentrate - just say'in in case you think i'm trying to give you short shrift Gary)

there hasn't been any real down move, and we're sitting pretty on top the the PP of a defined uptrend which while admitdly is extended, is not over-extended.

later,

jj
 
No follow-thru on any of my breakout trades today. Gave it three tries and ate 18 YM points.

Three strikes and I'm outta here!

Good luck the rest of the day.

MiniDowTrader
 
Quote from MiniDowTrader:

No follow-thru on any of my breakout trades today. Gave it three tries and ate 18 YM points.

Three strikes and I'm outta here!

Good luck the rest of the day.

MiniDowTrader
More...

Smart guy.

The banks are holding strong (even though everything else is in the red) the PP (Pivot Point, = 1259) seems to be holding the market up also. (not so much that I do use them or don't use them, but a LOT of trader do ...)

Still looking for a reversal which allow me to get long.

Best,

JJ
 
Quote from JimmyJam:

Smart guy.

The banks are holding strong (even though everything else is in the red) the PP (Pivot Point, = 1259) seems to be holding the market up also. (not so much that I do use them or don't use them, but a LOT of trader do ...)

Still looking for a reversal which allow me to get long.

Best,

JJ
More...

The flag pattern has been extremely powerful today. Every one of them would have been a good trade. But like they say hindsight is 20/20. I didn't have any trades today because I was in and out all day.
 
Status
Not open for further replies.
Back
Top