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MA
MarcinO
Rep: 67
Posts: 5,506
The area at which ES stopped on Friday wasn't accidental at all.

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es 2014 05 18 png
RA
rat89
Rep: 0
Posts: 7,015
hmmmm........
MA
MarcinO
Rep: 67
Posts: 5,506
EXP ABCD to area around 78?

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es 2014 05 19 5 png
JI
jimkane
Rep: 3,058
Posts: 33,089
It wants to blow out this 3D to the upside so bad in here.
JI
jimkane
Rep: 3,058
Posts: 33,089
It did a TD instead.

Originally posted by MarcinO

EXP ABCD to area around 78?

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es 2014 05 19 5 png

JI
jimkane
Rep: 3,058
Posts: 33,089
The area it used was very technical. The area you showed was good, but what it used wasn't without technical merit. Keep studying this one.

Originally posted by MarcinO

If this area at 60 was meant to send it up....
Click image for original size
es 2014 05 19 1 png


..then 68 looks like a nice place to go long provided proper reaction.

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es 2014 05 19 2 png

JI
jimkane
Rep: 3,058
Posts: 33,089
ES ready to pop into the close.
JI
jimkane
Rep: 3,058
Posts: 33,089
I prefer this is all it has on the upside, but that's asking a lot.
JI
jimkane
Rep: 3,058
Posts: 33,089
Why? Other than I'd like the upside to be done and the downside to resume, I hate to see a 3D at a SL be blown out. 'Context' matters most, it's not a 'failure' of the concept, it's about the 'context', but still, I don't like to see it.
JI
jimkane
Rep: 3,058
Posts: 33,089
Can't hack that 3D as many times as it has tried so far. But I can't imagine it weakening into the close when it has failed to sell so far.
JI
jimkane
Rep: 3,058
Posts: 33,089
Close cash here, then pop it over?
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well another what I think was a fantastic week for trading goes into the history books. See ya all Sunday night. Other than the five hour break on Monday from 10 AM to 3 PM Pacific time, the ES will be trading. It may be light, but they use that to move it, too. Regardless, I'll be there.