7 replies to this topic

[NAV]

It was easy 10 ES points and still going.

http://www.traders-t...showtopic=77656

[eminimee]

2500V chart....we'll see....one more tiny low could complete 5 down at 1540/41

Edited by Teaparty, 18 October 2007 - 07:31 AM.

[NAV]

Again 12 ES points here around ES 1541 is good money. A nice area to take profits. I would be really surpised if they don't test the channel boundaries during the regular session again, before they head down. I would be very cautious pressing shorts any more here. Again, it's just the way i play the markets, not necessarily any advice to others. Good luck folks. It's gonna be another busy day !

[Russ]

2500V chart....we'll see....one more tiny low could complete 5 down at 1540/41

Teaparty, What is a 2500V chart and why doesn't it show the 1537ish low from yesterday?

[eminimee]

Russ: 2500V is a chart where every bar printed is where 2500 contracts traded....it's not based on time. For example where I have labeled the top of wave 2...that was at 6:30 this morning. That low from yesterday is waaaaaaaaaaaaaay back in that chart. It's an important chart in my scalping arsenal.

updated...looking for a 3 wave move up here and see what we have
http://www.tradingth...10/eurod473.png

Edited by Teaparty, 18 October 2007 - 07:59 AM.

[Russ]

Russ: 2500V is a chart where every bar printed is where 2500 contracts traded....it's not based on time. For example where I have labeled the top of wave 2...that was at 6:30 this morning. That low from yesterday is waaaaaaaaaaaaaay back in that chart. It's an important chart in my scalping arsenal.

updated...looking for a 3 wave move up here and see what we have
http://www.tradingth...10/eurod473.png

Interesting method, thanks.

Looking for a 3 wave to the upside I presume. What is your es target approx?

Edited by Russ, 18 October 2007 - 08:03 AM.

[eminimee]

If you look at my spx charts posted earlier....the previous 4th on there is at approx. 1505/07....the equivalent previous 4th on ES is at 1518/20....that's first target and must hold. We'll see if we get there.

Edited by Teaparty, 18 October 2007 - 08:12 AM.

[atlasshrugged]

It was easy 10 ES points and still going.

http://www.traders-t...showtopic=77656

good call Nav...your target looks like it may get hit!