Search results

After action report Part I I don't have time to annotate a chart at the moment, but let me leave you with a couple of comments. I'll post a chart later if time permits. 1) Look at the times. In particular look at the Hail Mary pass I gave you for the last time of the day. Imagine you...

0555 CST Pre-market on 05 Aug 2008 I have the following important times today: 0632 0816 0908 1140 1412 Plot any time frame between 1 - 5 minutes and watch price carefully at these times. Pick a line to be your S/R for that time. Keep an eye on what price does as time progresses...

0922 CST By the way, the above post is a cut and paste from when I wanted to post, a lot closer to your post, I might add. Obviously since then we really have played quite a bit with those levels. Finally for today, I have the following two numbers as significant on the upside: 116 04...

0920 CST Sorry I couldn't post. I tried multiple times but I kept getting a database error. I just was able to get back in here to post now, with no errors. Quite irritating by the way considering I have other things to do. We kissed 115 135 at 0826. When we came down just a couple of...

0820 CST I'd like to be completely out of this short before the 0900 reports just in case.

0818 CST Short small size at 115 10. Looking for a re-test of lows. I'll sit on this and watch it close.

0813 CST I have the break through 115 12 and 115 08 as a very significant event. I think 114 23/24 is a possibility today. Looking to short again around 115 12 or better.

0852 CST I can't post real-time and ET is SLOW! Short at 115 23. Ideal entry was 115 25. You know my routine.

0845 CST There is a risk to 115 12 in buying here between 115 20 to 115 24. I'm looking to buy but cautious. Something is off for me today so I will take it easy on size.

So far only one trade for me today. I overslept and missed the 0730 report. Trades I would have taken IF I had been awake: Long at 115 175 on the 0733 1 min bar. Exit 0740 CST. Long again at 115 200 no later than the 0747 1 min bar. Exit on any approach of 115 280. Why? It has a...

0830 CST In at 115 285 which was one tick above the 0800 high and stopped out at 115 265. Small order due to entry and where we are in the run.

0803 CST I'm looking for a long entry between 115 20 and 115 24.

0800 CST Possible targets of 116 04 to 116 08 on this run. Not saying these are a given. Just that for today, these are possible targets. I have some closer levels I'm looking at currently.

Daily for key S/R. Hourly for key S/R and buy/sell signals. 4 min for various market geometry reasons. 1 min for specific entry/exit. The bulk of my visual aids are S/R, price behaviour, and cycles. If I had nothing else, I could trade with a one min, a 4 min and an hourly, using only...

Sometimes I like to imagine doing something like the above and netting a full point. Of course had I done the above, I never would have held to 115 and change. I would have gotten out at 114 12 for sure and probably 114 28 at the highest. There would have been several trades to that level...

1705 CST Take a look and review my above last three posts. Those observations are very important if you want to trade the second half of a "V" day properly. First I mentioned that something was telling me to go long. If you believe that the market simply must fall, and instead it...

0945 CST In retrospect, a buy at 114 04 was in order between 0915 and 0930. In any event, I'm done for the day. I don't have time to work another short trade here at 114 12. Good trading!

0932 CST The price action from 0830 to 0930 tells me to be very cautious about taking on a short here at 114 08. If I'm going to trade, it will be small size. It looks like the bulk of the move for the morning is done. It looks like we will have our classic 2 - 4 hours of a 4 to 6 tick range.

Some of the things I look at were telling me to go long at that point, but I find that staying with one course of action especially on full point move days is the best course of action. Getting stopped out of the 114 08 or 114 12 trades will tell me that I should quit for the day or look for...

114 08 might be a good short. 114 12 would be better. Once again, watch price, keep any eye on the news just in case, and especially follow the ES as a filter.