The ER2 Trading Journal

What about a nice pump/dump job made by the big boys this morning? Nice 9 points pop.



Quote from trade_4_living:

Today's action is just the opposite of yesterday's action in that long hour after 2:00 PM.

Yesterday, all TA indicators were pointing down, but the price stayed at the same level for an hour. Then in the last 30 minutes, they tanked it and let it go. That's the TOP.

Today, all TA indicators were pointing up after 2:00 PM, but the price stayed at the same low level for an hour, then in the last 30 minutes, they let it go up. That's the BOTTOM.

I've posted yesterday afternoon's chart, look at the short-term MACD and long-term MACDs for this afternoon, all has been up (higher high) since 2:00 PM. ADX has been falling (selling pressure was much reduced), so accumulation was going on.

I would think the big black box orders would happen near the top or the bottom.


So have we observed a nice pattern and play with it? Divergence trading at the best.
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Quote from ozzy:

Hi Trade4

Another option is to go the ET chat room. I just found out they had one a few days ago. You can't post pictures like you can with ensign but its decent.

Peace.
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Interesting, maybe we can give ET chat room a try here...
 
Got out too early as usual. Dammit. This is really pissing me off that I'm not getting the full move.

Put a sound alert on today when a certain number of contracts passes through per tick. Works great.

oz
 
Want to get in for another short pretty soon. Looking for another breakdown down to 678 then possibly 675 if it gets really ugly.

New 3D low as well there.
 
Quote from ozzy:

Want to get in for another short pretty soon. Looking for another breakdown down to 678 then possibly 675 if it gets really ugly.
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I must say I like this 667 tick plus the short-term MACDs cross long-term MACDs indicator (regressional channel indicator works fine too), it worked again today:
 

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