15 06 10 Marking my charts is helping me see better.
Posted 06-20-2010 at 01:18 PM by gcabrera
In this chart I have marked points where I consider there were good entry points and their exits, sometimes good for reversing. Most based in divergences and biglots favoring the trade.
I only tried to take a trade long at 1101.75 at 11:29, at yesterday high pullback, but price took off without me since it did not drop to my entry order.
I also point out trades in the 3 min chart, that also show important levels of YM. Sometimes price bounces at those levels in YM and not in ES.
Marking my charts is making me prove how good my signals are and giving me confidence on my system.
9:33 Excellent trade, double divergence to the upside, missed because I wanted price to test yesterday low, but came two ticks close. Guess double divergence should have been enough to enter.
10:18 There is divergence twice, but not enough big sellers backing it. Passed it.
11:14 Divergence to the upside, but big sellers appearing? Conflictive signal, I thought those many sellers were going to send price down, but actually it follow the divergence direction. Passed it.
11:19 Divergence down would had been good to take profits, but not for entering short, due to big buyer just before it.
11:30 Double Divergence, pullback to yesterday High after breaking it with big orders, missed because it did not retrace one more tick. In YM it retraced and tested yesterday High.
12:05 Notice how big buyers entered to break previous swing high, there is divergence at 12:15 but those buyers keep me in the long byas. Also they just broke the 10300 level in YM. I am ready for a pullback to test that level.
12:27 1000 block order? more buyers and also big sellers responding in up there? Who is going to win? Donīt know, but thought that same buyers were selling up there. Finally many seller enter and drive price down, where? to Test 10300 level in YM.
12:50 Divergence twice but buyers still donīt outnumber new big sellers, passed. Worked
13:00 Last sell 289 to make YM quickly go below 10300 and then buyer of 300 responded. Divergence to support it. This left me, reacted late.
13:13 YM retests 10300 but ES did not drop to the latest low, divergence upside between ES and YM, good for confirming going long at 10300 for a YM trader.
13:21 Nogtice Big buyers enter to break 1107.00 level, previous high of the day.
13:32 Divergence and big lots selling, take profits if long.
I only tried to take a trade long at 1101.75 at 11:29, at yesterday high pullback, but price took off without me since it did not drop to my entry order.
I also point out trades in the 3 min chart, that also show important levels of YM. Sometimes price bounces at those levels in YM and not in ES.
Marking my charts is making me prove how good my signals are and giving me confidence on my system.
9:33 Excellent trade, double divergence to the upside, missed because I wanted price to test yesterday low, but came two ticks close. Guess double divergence should have been enough to enter.
10:18 There is divergence twice, but not enough big sellers backing it. Passed it.
11:14 Divergence to the upside, but big sellers appearing? Conflictive signal, I thought those many sellers were going to send price down, but actually it follow the divergence direction. Passed it.
11:19 Divergence down would had been good to take profits, but not for entering short, due to big buyer just before it.
11:30 Double Divergence, pullback to yesterday High after breaking it with big orders, missed because it did not retrace one more tick. In YM it retraced and tested yesterday High.
12:05 Notice how big buyers entered to break previous swing high, there is divergence at 12:15 but those buyers keep me in the long byas. Also they just broke the 10300 level in YM. I am ready for a pullback to test that level.
12:27 1000 block order? more buyers and also big sellers responding in up there? Who is going to win? Donīt know, but thought that same buyers were selling up there. Finally many seller enter and drive price down, where? to Test 10300 level in YM.
12:50 Divergence twice but buyers still donīt outnumber new big sellers, passed. Worked
13:00 Last sell 289 to make YM quickly go below 10300 and then buyer of 300 responded. Divergence to support it. This left me, reacted late.
13:13 YM retests 10300 but ES did not drop to the latest low, divergence upside between ES and YM, good for confirming going long at 10300 for a YM trader.
13:21 Nogtice Big buyers enter to break 1107.00 level, previous high of the day.
13:32 Divergence and big lots selling, take profits if long.
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