ES 12-18-2008


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  • lordalfa
  • 18-Dec-2008 at 7:20 AM
  • Rep: 140
  • Posts: 264
Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

Have a profitable day everyone.
Click image for original size
45 mins to RTH 18 Dec 2008
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  • BruceM
  • 18-Dec-2008 at 10:40 AM
  • Rep: 216k
  • Posts: 19.9k
I'm waiting for the run out of highs if it comes to get shorts I hope
they sure love bonds again today.
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  • VOwater
  • 18-Dec-2008 at 10:46 AM
  • Rep: 133
  • Posts: 4,121
thanks for noticing pwd
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  • BruceM
  • 18-Dec-2008 at 10:49 AM
  • Rep: 216k
  • Posts: 19.9k
thanks for that email Kool...My friend sent me some stuff on their course once he realized I was working with one minute thrusts.....they do good work and the ONLY flaw I can find in them is on one of their entries...plus you need to lease there software and there Volume levels and paintbars can change as they use relative/ average volume.....I like their stuff though
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  • pt_emini
  • 18-Dec-2008 at 10:50 AM
  • Rep: 5,707
  • Posts: 1,941
market hesitant to push through 908
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  • VOwater
  • 18-Dec-2008 at 10:51 AM
  • Rep: 133
  • Posts: 4,121
somebody doesn't want a 8.25 print
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  • VOwater
  • 18-Dec-2008 at 10:52 AM
  • Rep: 133
  • Posts: 4,121
10 candles on the 610T
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  • BruceM
  • 18-Dec-2008 at 10:53 AM
  • Rep: 216k
  • Posts: 19.9k
I couldn't short with all those matching highs up at the 908 PT....I gotta see them run out
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  • Margie
  • 18-Dec-2008 at 10:53 AM
  • Rep: 94
  • Posts: 364
I was in that, painful, but I escaped unscathed
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  • BruceM
  • 18-Dec-2008 at 10:54 AM
  • Rep: 216k
  • Posts: 19.9k
if that's not the ultimate clue that we are thin and waiting on something then I don't know what is!!
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  • feng456
  • 18-Dec-2008 at 6:11 PM
  • Rep: 994
  • Posts: 340
quote:
Originally posted by BruceM

Thanks Vo that's what I had imagined ...so you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
quote:
Originally posted by VOwater

and yes bruce the bigger time frame projections do indeed carry more weight



speaking of failures....*cough *cough

(im alluding to myself)

yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.
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