S/R Emini Journal

[Patricio]

Here is an interesting video for those who trade the YM, works for ES as well.

http://clicks.aweber.com/z/ct/?6P6xR2G1Hdx_AO38MDa6Hg

 

[romik]

Quote from MiniDowTrader:

12:00 reversal anyone?

MiniVolenteTrader

I personally think that there are higher odds of ES hitting 20MA today ~1299? 1302 is certainly achievable. Waiting for another set-up here.

 

[brightstone]

Is there a pivot around 1307?

 

[Patricio]

Quote from brightstone:

Is there a pivot around 1307?

My charts show S2 at 1306.6 and 1307.5 intermediate resistance on a daily basis.

In fact I should be short, and I am not

 

[ksonsinc]

Patric
dont u think we should see a cat bounce or something
since the market is so low
It is not breaking 1304

 

[Patricio]

Quote from ksonsinc:

Patric
dont u think we should see a cat bounce or something
since the market is so low
It is not breaking 1304

Do you mean "dead cat bounce"? I do not think we can say we have had one.

I am a scalper, I use a combination of RSI, MACD, SMA crossovers and Keltner bands to make my decision. I have only had two signals today and I missed the second one at 1307.25 short.

 

[romik]

any thoughts?

 

[Patricio]

My thoughts are anything can happen.

What periods are you using on your RSI? I use 10 on a 1 min chart and I had an overbought at 1307

 

[brightstone]

Quote from Patricio:

My charts show S2 at 1306.6 and 1307.5 intermediate resistance on a daily basis.

In fact I should be short, and I am not

Thank you shorted 1307, out 1306

 

[romik]

Quote from Patricio:

My thoughts are anything can happen.

What periods are you using on your RSI? I use 10 on a 1 min chart and I had an overbought at 1307

mainly daily, 60 and 15.