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MON - 11-15-2010 - (DAY SESSION PART 1) GAP/FIRST MOVE/FIRST RETRACE - ES gapped higher at 1201 and moved up to test 1202 resistance area. Resistance held, and volume lead the way to first move of the day down with fade the gap sell opportunities to 1195 area. Fade the gap first move...

MON - 11-15-2010 - (OVERNIGHT - OPEN) MACRO - ES is at the key big picture 1200 area of the 1200-1050 bracket. A breakout attempt higher last week is going to accepted or rejected. Accepted = 1280 target with 1223 first resistance. Rejection = 1050 target until proven otherwise. The E=MC2...

11-12-2010

FRI - 11-12-2010 ES BIG PICTURE - Price holding above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can move past 1223. After gap breakout above 1200 price pulled back to test the 1200 pullback to swing support area. Price now sits inside...

THURS - 11-11-2010 ES BIG PICTURE - Price gaps up above big picture 1200-1050 bracket setting path to new big picture 1280 once continuation develops above 1223. After 1200 breakout price pulled back to test the 1200 pullback to swing support area. Price now sits inside 1216-1206...

Without going overboard with shameless promotion, and having read many, many of the trading books out there over the years (the good and the bad), I will simply say I have outlined the way I actually trade the ES market in a new book called "Professional Day Trading and How to win.." (listed...

WED - 11-10-2010 ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. After the 1200 breakout, price pauses for two days inside 1223-1216 consolidation, and then breaks to the...

TUES - 11-09-2010 ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. Price currently sits inside 1223-1216 consolidation pause area "two days in a row." If 1216 breaks to the...

MON - 11-08-2010 ES BIG PICTURE - 11/04 trend day up gaps above big picture 1200-1050 bracket setting path to new big picture 1280 high if price continuation can develop above 1223. Price currently sits inside 1223-1216 consolidation pause area. If 1216 breaks to the downside, look for move...

I want to post a running diary of the ES market that is used to trade the ES market with the E=MC2 Trading Approach. If you currently trade with E=MC2, this diary will help serve to re-enforce key E=MC2 principles much like having an E=MC2 trading coach sitting next to you as you trade each day...

I happen to be a proponent of back testing and paper trading. We all know trading is a much about “self” and “trading discipline” above all else. Therefore, back testing is a very good first step to provide the confidence to stay with your approach thru good times and bad...

ER, I very much understand you trade selectively, have a very specific setup you use, and consider not losing money on every trade paramount above all else. I also have no doubt you are a very good trader. I just feel your example proved exactly the opposite of what you were trying to...

Wow…Although I am generally a supporter of the approach you have outlined here, and think there is valuable information contained within, I just have to point out how these numbers are very deceptive, and how on balance to make this type of strategy (or any type of scaling out strategy) work...

The particant in control is just a continuous flow throughout the day, and it often aligns very nicley with support/resistance areas. As os this writing 15 minute after the open, I see the patient buyers in control in relation to the 1280-1260 range. That means to me price heads lower...

ES-- I totally agree these areas are high areas of emotion, and just for interesting thought here is another take on what is happening at support/resistance from the market profile standpoint. Using a resistance example, the move up is where the patient sellers would like to get their orders...

Although I posted this in another area, I fealt it was also appropriate here in relation the to bigger picture discussion that developed this weekend....... 7:30 am - Price =1278 Unforeseen news events are a less common but always an eventful part of this game. It is one of the very real...

Here is what I posted on my blog, so I agree with you NY..... 7:30 am - Price =1278 Unforeseen news events are a less common but always an eventful part of this game. It is one of the very real risk factors for holding any financial instrument “overnight.” From a trading...

Forrest, Here is my take on the more micro view you are describing. First of all your lines all look fine, but to me the up scenario is the one with reliability, not the down. After a nice daily reversal day on Friday, I would expect some more follow thru to the upside, and the high on...

ESResistance First, I just wanted to commend you on an excellent post here. Although our trading styles differ, there are many times when our entry areas overlap, and it’s clear that everything you discuss from price structure analysis to trade management is very sound. I am always...

First, I just wanted to say thank you to all of you who have sent me comments of support for presenting this material. I also understand this is a community of very successful traders who find little use for this information, so I think I’m going to work on setting up a “blog” of some...