Wednesday 12-19-07

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Originally posted by gio5959

any chance of you posting a chart on that inverted head and shoulder? if not possible thx anyway

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Originally posted by gio5959

Bruce and DT...i took your 10k ES chart and added the chaiken osc to it.

yes the 10k signaled an inverted head/shoulder and at 8:45cst on the neckline break the chaiken also signaled strong volume coming in

i have two chaiken indicators on the same chart. one set to default and one set to triple the default

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Originally posted by pt_emini

Good trading today Bruce !

Sorry I was unable to join in today, was out most of the day Christmas shopping.

I have also been watching the bottoming formation. Should prove interesting in the day's ahead to see if the market can continue the uptrend away from the recent lows. Strong day today in the T-Notes.

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If I use the ES 10k chart I go to edit studies and change the default to triple which would be 9 30 9

I make sure that if I take a 'long' trade that the CO is above it's zero line and vis a vis for a 'short'

This is what I did yesterday;

After price made a structure high I then waited for a structure low...I then anchored the linear regression tool to the msh and msl...that gave me a 'good' place to think about going long...as you can see that at approx 13:08 price broke through the upper linear regression channel and the CO also broke through the zero line...the CO also provided divergence to price...(as you can see I had to wait a long time for the CO to cross it's zero line to take the trade but it was well worth the wait cause I bet the poop out of that trade) :)

The other blue and red lines on the chart are the ChandelierExit EFS...I use that EFS script because it's based on ATR...It also told me that price was now trading above it's ATR and furthered my odds of a good trade

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