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  1. P

    ES Journal Archive (2009 - 2010)

    What does everybody trade in here? The ES mainly? Does anyone trade stocks heavily as well?
  2. P

    ES Journal Archive (2009 - 2010)

    Thats cool then... ...let me draft a longer post...be back later.
  3. P

    ES Journal Archive (2009 - 2010)

    No, this is NOT a normal TL. These two points are very specific to Globex and No-Globex sessions and their correlation. More importantly, where this TL extends to [back] in time/price is as important as to where it extends out to in time/price. If you want lets discuss this via email and I...
  4. P

    ES Journal Archive (2009 - 2010)

    tomahawk are you addressing my chart? If not, I apologize. If you are, I have 1126 as the minimum upside because when support holds at these guide points price always reverts back to the furthest point back in time/price, at a minimum.
  5. P

    ES Journal Archive (2009 - 2010)

    Sorry I had the wrong format.
  6. P

    ES Journal Archive (2009 - 2010)

    Im trying to upload it, obviously this is user error :)
  7. P

    ES Journal Archive (2009 - 2010)

    Here is the chart
  8. P

    ES Journal Archive (2009 - 2010)

    This chart shows 2 very important points in time for the ES that offer a ton of support when extended out. These are not 2 random points creating a trend line. These do not occur everyday and you have to be patient for them to line up. When they are combined with other factors they produce...
  9. P

    ES Journal Archive (2009 - 2010)

    The ES failed to revert to 1098.25 [5-4-10 Globex Open] after its fast decent that day...few days later we all know what happened. That was an important price level to me and very few times do those time/price levels fail when signaled... Its interesting that its a "magnet" to you as well...
  10. P

    ES Journal Archive (2009 - 2010)

    Well, we hit the 1085 on the ES this morning and that makes me feel all warm and fuzzy...the QM (oil futures) is poised for at least a $10 pop and the ES has plenty of spots to the upside. However, I am not in control of this beast nor are my trading models running the show...so I am...
  11. P

    ES Journal Archive (2009 - 2010)

    Somebody once told me during a frustrating period in my trading career, " Do you want to be right all the time, or do you want to make money?!" It literally was a choice I had to make in order to be successful at this. This allowed me to craft a new perspective on what I was trying to...
  12. P

    ES Journal Archive (2009 - 2010)

    I wouldn't say "everybody" but I am sure other people have similar feelings. Being a disciplined trader doesn't mean that there will not be losses, and sometimes strings of losses. But to loose is to gain when trading disciplined AND with [conviction]. The idea of conviction sometimes is...
  13. P

    ES Journal Archive (2009 - 2010)

    Here is an [ES] Red Hammer trade fairly close to setting up: Sell Short Entry 1120 Exit 1105.75 Stop 1134 If price reverts to 1098 before it hits 1120 the trade is off until PA reconfirms. These trades sometimes drift overnight or for a day or so and almost always hit their exit...
  14. P

    ES Journal Archive (2009 - 2010)

    When trading the ES, 30m Bar "Red Hammers" analyzed based on specific [bar] characteristics, then applying specific logic, provides excellent trading set ups. The system is down right simple and I utilize it as part of my automated suite of trading models for the ES. It has defined entry, exit...
  15. P

    ES Journal Archive (2009 - 2010)

    Based on how I trade and interpret my ES charts I saw this drop and even gave a trade set up yesterday to go short at 1164.25 and cover at 1119.25. But the ES needs to at least drop to 1107 and we may even see 1085 tomorrow...but the upside is enormous...I trade oil futures as well and they are...
  16. P

    ES Journal Archive (2009 - 2010)

    Hey Pekelo, I understand where you are coming from. However, I haven't posted because I trade during the day and do not have time to post, or at least have chosen not to. I guess I threw up a few trades for fun but nonetheless they are money makers most of the time. The frequency of the...
  17. P

    ES Journal Archive (2009 - 2010)

    Pekelo, I enjoy everyones opinion, including yours...but I have to say that you offer sarcasm at the expence of your own reputation. You do not know one thing about what I do or what I am involved in. I am a professional trader and I take various set ups and trade quite frequently and I am...
  18. P

    ES Journal Archive (2009 - 2010)

    some set ups do fail...thats why you take trades and also set stops...here is my set-up prior to the one that failed: "This is a possible trade set-up that has yet to confirm [per price action]. If the ES does not close on or below 1119.25 [looking at a 30M bar] and price rallies to...
  19. P

    ES Journal Archive (2009 - 2010)

    UPDATE: [ES] reverted back to 1132.75 [ask]...trade still active...
  20. P

    ES Journal Archive (2009 - 2010)

    Price just confirmed the 1125.5 price level...Sell Short and cover at 1113.75, set Stop at 1133.5.
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