The ER2 Trading Journal

[trade_4_living]

The down trendline is about to break:

 

[losloslos]

no

 

[losloslos]

er 666.6 sold

 

[ssternlight]

Quote from trade_4_living:

If ER2 closes above 666, it'll have a new trading range.

I wouldn't take anything away from today's action except your profits. Low volume, low pace, probably going to deteriorate as the day moves on...

 

[trade_4_living]

The buying pressure is weak. Now on 3 minute chart, this upside trend might break soon. So how it develops.

 

[losloslos]

rui today

 

[losloslos]

rui support

 

[trade_4_living]

I see. Your target is very close to EW's prejection. I usually don't quite use it, but I did some backtesting of EW on ER2, it works in some cases.

http://tinypic.com/view/?pic=fktyd5

 

[trade_4_living]

Yes, very possible. Quite weak. If you look at yesterday's chart, there is a big divergence in the later afternoon. I don't know if that intraday divergence would have any impacts today.

 

[trade_4_living]

Compare ER2 and ES movements of the day: