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  1. P

    ES Journal Archive (2009 - 2010)

    Stop to breakeven + tick, target to 17
  2. P

    ES Journal Archive (2009 - 2010)

    Short 23 Stop 27
  3. P

    ES Journal Archive (2009 - 2010)

    Without breaking the downtrend channel we can go up to +- 30. Bottom is now around 1000.
  4. P

    ES Journal Archive (2009 - 2010)

    This is not normal. For such fall we should have way larger volatility like we have. This fall is managed and controlled, nobody will convince me that it is not true. Island reversal?
  5. P

    ES Journal Archive (2009 - 2010)

    Long 43, stop 10 points, target 60 EDIT. NQ landet exactly on bottom of downtrending channel.
  6. P

    ES Journal Archive (2009 - 2010)

    Gap close today. With such giant gap we could not go higher. If we will fall bellow 50 than we can consider crash mode.
  7. P

    ES Journal Archive (2009 - 2010)

    We are flirting with top of channel in my charts. It looks clearly like bull flag. I was shorting top of channel but now I can not, it can break any second.
  8. P

    ES Journal Archive (2009 - 2010)

    Fellow traders, during this week has developed again well defined downchannel that kept perfectly during FOMC as well.. Because last up channel was 10days it is quite probable that we will continue down a bit...
  9. P

    ES Journal Archive (2009 - 2010)

    Long 119.25, stop 10 points. Target 1135, if it will go bellow 116 I will try get out at breakeven.
  10. P

    ES Journal Archive (2009 - 2010)

    Long 1120.25, stop 10 points, target above 1135 (not for today) If we will go bellow 1116 I will try get ouf of this trade at breakeven. Edit. Stop to breakeven +1 tick. We should not return here if my setup is correct.
  11. P

    ES Journal Archive (2009 - 2010)

    If we go today bellow R2 we will break perfectly even and narrow uptrend channel that we respect since 8th June.
  12. P

    ES Journal Archive (2009 - 2010)

    Out at 97.25 for +12.50. I will try buy dip around 93-91 and consider it continuation of this trade.
  13. P

    ES Journal Archive (2009 - 2010)

    EUR/USD has clean uptrend channel as well. Ammo, I do not believe that your card is enough detailled show exact resistance Truth is that we hit today 200EMA on SPY but I am simply not considering higher time frames too seriously. I believe that we will at minimum test today HOD and I will...
  14. P

    ES Journal Archive (2009 - 2010)

    We are on bottom of channel. Chart that I show earlier was on June contract. On September it even looks narrower. Long 84.75, stop 74.50, target will be a bit bellow 1110
  15. P

    ES Journal Archive (2009 - 2010)

    My chart shows last 3 trading days and is not time based. It is about 38 point wide, clean uptrend channel and you see how price is respecting resistance in it. We can retrace nearly 40 points from HOD and still stay in this uptrend channel (We will do it one day during this week this is nearly...
  16. P

    ES Journal Archive (2009 - 2010)

    Ok, it is here.
  17. P

    ES Journal Archive (2009 - 2010)

    We are close to top of uptrend channel. I agree that position should be long (channels are much more often keeping than breaking) but long from top of channel is not good probability trade. It can break to to upside as well, but breaking twice in same direction (it already broke to upside) is...
  18. P

    ES Journal Archive (2009 - 2010)

    Yesteday we broke down the uptrend channel, today we are testing top of it that serves like resistance. If we can return in it uptrend will continue, however it is less probable screnarion. Normally after some congestion we should create downside channel. How steep - this is another question...
  19. P

    ES Journal Archive (2009 - 2010)

    Bottom of channel is about 75-76, I am not expecting breaouts most the time.
  20. P

    ES Journal Archive (2009 - 2010)

    Yes, it looks to me very unprobable. I think we will end somewhere close to top of channel. However fearing this relatively big potential downside it is difficult for me go long and short is against my feel for today. So I am sitting on my hands for now.
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