S/R Emini Journal

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Quote from 4re:

Well thanks, but all the rooting could not help me on this one I am out with 2 point loss.
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I saw this reaction after we hit your entry level and it looked like they came in to hold the level with conviction.........

http://www.charthub.com/images/2006/09/14/ES_317_VB_2.png


The YM and NQ were holding there up trends (and above their respective LOD's), so it looked like we were not going to get anything more than small range extension from the previous 1325.00 LOD.
 
Quote from DonKee:

It's usually a losing battle to fight the direction of the naz.

The market has 2 things going for it this morning.

1) The naz is outperforming to the upside

2) ticks are bouncing off the zero line. most negative tick reading has been in the -500 area while most positive tick reading has been in the +1000 area.

Things could change, but there seems to be a willingness to buy rather than sell by the institutions
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Yes it has been that is the reason I re entered my calls on the Q's.

Romik,
My turn to cheer for you. You should like the looks of this Q's chart. Maybe I will be hitting it at the right time for a big move.
 

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Quote from BoyBrutus:

From my breif analysis the last two days on an options exp week tend to be narrow range doji type days if the begining of the week was largely up. so dont expect thursday and friday to give up much of the gains for the week.
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I fully agree.........this is grab what you can trading until Monday (unless we get a good reaction off CPI release tomorrow).
 
Quote from 4re:

Yes it has been that is the reason I re entered my calls on the Q's.

Romik,
My turn to cheer for you. You should like the looks of this Q's chart. Maybe I will be hitting it at the right time for a big move.
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I will certainly hope so. Are you wearing your cheerleaders outfit right now?
 
Quote from romik:

I will certainly hope so. Are you wearing your cheerleaders outfit right now?
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Nope, I am naked a jaybird. But I am holding pom poms. I think I am beginning to see a bullish flag on the 15 minute chart. I might go long at 1329 based on a breakout. I am expecting a guy from the pool company soon so if he comes I might not get to trade it. I'll let you know though.
 
Quote from 4re:

Nope, I am naked a jaybird. But I am holding pom poms. I think I am beginning to see a bullish flag on the 15 minute chart. I might go long at 1329 based on a breakout. I am expecting a guy from the pool company soon so if he comes I might not get to trade it. I'll let you know though.
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Out of curiousity, why wouldn't you call a bear flag? With it being a downward day and all?

Just curious :)
 
Quote from 4re:

Nope, I am naked a jaybird. But I am holding pom poms. I think I am beginning to see a bullish flag on the 15 minute chart. I might go long at 1329 based on a breakout. I am expecting a guy from the pool company soon so if he comes I might not get to trade it. I'll let you know though.
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Do you get better service from the pool guy that way?
 
Bullflag and then a bearflag? Or is this neither?

Shouldn't there be a trend before a flag is valid?

Also a bigger triangle is broken to the upside. Is this a valid triangle and when do you take a long/short in this?

There is still no volume so maybe it's better to wait?
 

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