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Current Daily Trend: Non-trending to down-trend. I would say it's somewhere in between. So I'll look to fade any rally here. Sell-limit: 1308 Stop: 1312 Target: 1302

The market was down about 1% on Friday but there was no follow through this morning. Although the market managed to go below Friday's low, it was quickly rejected and closed higher. Market likely to test 1315. VR: 1303-1304.

Perfect. Finally.......

Sell 1308 Stop 1312 Target 1302

This is my post from 3-30-06. Just bumping it up to see if there is any similarities between 87 and 06.

Based on the 1% true selling day and Friday-to-Monday follow through, I expect the market to decline on Monday. VR for Monday: 1303.5-1304.5

One of the things that I realised was that I need to look at the bigger picture even when I'm trading short-term.. For example, if the daily trend is up, I will take buy signals only and/or if I get a short signal, I'll look to fade it. Had I added this as a requirement, my P&L would have...

Okay guys. This will be the end of my journal. I think my strategy works well if I were to take 4 pt. profits and use a trailing stop and/or combine a technical indicator to enter my trades. I will start trading actual cash from tomorrow. Many thanks to all the people that were very...

Yuck.

Sell 1306, Stop 1310, No target

Here is how I come up with support and resistance. since my risk per trader is 4 pts. I'll have price in 4 pt. increment on the left column. On the right column, I'll have the number of times the VR fell at/above the price. Please see attached. So for today, the VR based on 3-31 was...

Don't worry about it. Anything trading related is perfectly welcome.

Plan for Tuesday: VR = 1306-1307 Today was a classic reversal day. The market opened strong and charged higher but as the day progressed it was unable to keep the momentum going. It ended up closing below the 9.30 open. I will look to sell here. 1315 was handily rejected so I do not...

Thanks!!!! There were 2 calls made today. 1) Buy @ 1308, Stop @ 1304, Target @ 1312, and 2) Sell @ 1315, Stop @ 1319 and no target. These calls were made after careful analysis and studying the price-actions for the past 3 months. Worked like a charm. Looks like we have finally seen...

Looks like we have put an intermediate-term top here.

ES is at 1315.25. Is this a reversal or a pullback? i say reversal.

Sell 1315 based on long-term VRs. Stop 1319

Target reached: Cancel Buy-limit. Done for the day.

Once we get to the target (1312), I'll cancel my buy-limit order.

Prices went down to 1308, but no execution. I do not like ET'ers front running my order.:D