Trading ES (Q1 2004)

[stoploss please]

Tick action

China

How did you read the 2.15 pivot. Just had a quick look at the tick and came up with the following.

 

[stoploss please]

17/02 ES

I like this chart. Volume seems to pick the tops and MACD was giving warning not to go mad on the longs.

 

[stoploss please]

TickQ

I have been told many times that the TickQ was not worth bothering with. I like to have it open on my monitor and use it as a confirming signal. If both the Tick and TickQ are acting in the same way, then the move should have more conviction. Todays TickQ looks weaker than the Tick. The TickQ also stopped me going long at 15.20 on the signal receivecd from Tick.

 

[china white]

late action 17-02

stoploss

i did take short at 15:00 on tick neg div which did not deliver much did it. 2.25 pts in the bag overall on a cr*p day. there r just days when u r better off going to the beach and having caipirinhas and churrasco with yr girlfriend than trading. perfect example.

in hindsight 😀 the clue was: spx up next to 10 pts, a non-trend day at all time pivots, with no signs of reversal. short above upper pivot is a good call but the alternative is just jibbering about. something u cant do much about 😢

 

[stoploss please]

China

I'm feel honoured m8. You have added the signal line to your MACD.

 

[china white]

quickie: http://www.ttrader.com/mycharts/display.php?p=19437&u=chinawhite&a=China\'s ES&id=915

 

[china white]

another 2 pts opening hour range 🙁(( "Droga!" as they say in Brasil 🙂

Stoploss - it is an open Q whether u shud take MACD signal or the histogramme for the purposes of detecting a divaergence. I'd say strong divs display divergence in both, weaker ones come out in signal OR histogramme. But again this is a Q to quants not traders 🙂

 

[china white]

I'd say much clearer 50% Fib retracement on Comp (compared to SPX) favours 127.2% from here - up to 2100.

http://www.ttrader.com/mycharts/display.php?p=19441&u=chinawhite&a=China\'s ES&id=915

 

[Finirama]

Possible inverse head and shoulders on the 10 min chart.....with target of 1,174???

 

[Finirama]

dohhh


Wait and i'll convert to gif

 

[Finirama]

here it is

 

[gmca686]

only if it breaks 1158 going up. If it breaks 1152 going down, then its a failed Inverse H&S. As I sitting on shorts, this is my preferred option !!!
regards,

 

[Finirama]

Agreed.

i would have taken a long on the failed retest of the low around 17.15ish

R u short from the open or yesterdays 1,159??

 

[gmca686]

I have entered short several times in the last few days. Most are in loss. I have a small profit on one. I need about 1150 to break even. If that never happens I'll end up kicking the cat and swearing that I'll never hold on to a losing position again. However, when the US market finally comes back down to earth I'll be laughing !!
regards,

 

[Finirama]

Just out of curiousity...why r u shorting and wot indicators are u using?

 

[gmca686]

Sorry, too busy to reply in detail, but that head and shoulders is much clearer on the Dow 10 min chart. That's the one I'm tracking, and trading at the mo.
regards

 

[gmca686]

The dow broke 10692 going down. ~That was the trigger, not the S&P. Great fun!
regards

 

[Finirama]

gmca....u must be a happy!!!

 

[stoploss please]

Tick 18/2

China

Am I over symplying things do you think. It does seem to work.

 

[gmca686]

Looking at the Dow and S&P 1 min candlestick charts, they could be forming bear flags. If so, there may be another sprint downwards before the close.
regards