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    ES Journal Archive (2006 - 2008)

    Anyone remember this post a little while ago.... Profit 1 hit and filled...
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    Gotta love ZERO RISK in the SP500 = $$$

    There is absolutely no risk right austin? The truth is the market has been down everyday since I said it was going to be. Saying that, this 1442-1443 level is a strong technical level. Odds are we get a bounce here... but man this move just seems different doesnt it?
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    Gotta love ZERO RISK in the SP500 = $$$

    Black tuesday? You should know to pay attention if I am on the other side of your trade...
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    ES Journal Archive (2006 - 2008)

    Nevermind make that 6.5 points... we could be in store for some goooood trading tomorrow. I am telling you there is very good odds this bull run is over. At least for the short term. I dont put my ass out on the line a month or 2 in advance calling a top for no reason... its powerful stuff.
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    ES Journal Archive (2006 - 2008)

    Just hitting the sack and took a look at the globex.... high tick 1453.. now trading down 4 points.. Lets hope this keeps up, the market is exhibiting very nice structure.
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    The Surf Report

    I am not going to hijack your thread... but you had to have taken a major hit with this position I am guessing. Dont throw in towel yet when it is just hitting a support zone. 7.57-7.61 is a key level. It ultimately could get a little pop here as there are some other cfs. The best area is...
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    The Surf Report

    Freight train trading is the best... but only if you have the techniques to be consistent with calling bottoms and tops. As I said earlier when it was trading at 12... NFI is heading for 5
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    ES Journal Archive (2006 - 2008)

    -The call for a down move was before the market even opened -You know what I meant by the risk reward -Impulsing market is an amazing phenomenon that occurs about 5-8% of the time. -Obviously we are not going to get a 5% correction in one day... com on -Please make a call for...
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    ES Journal Archive (2006 - 2008)

    Its very nice to see this market moving again... Just an update on the levels and strategy for the day. Market opened up exactly at my strongest resistance zone and made a vertical drop just over 10 points. I did call in the middle of the day that 1453.50 was key and that if it was broken...
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    ES Journal Archive (2006 - 2008)

    Just something I have been looking at for awhile as well is the confluence with the etf RTH. It hit max exhaustion and is pulling back. If we get a move to the downside it has a potential of making it down to 98 at a minimum. Obviously nothing is 100%, but these offer high probability, 10 to...
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    Gotta love ZERO RISK in the SP500 = $$$

    Taking them out one by one
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    ES Journal Archive (2006 - 2008)

    YM is getting real close to a completion of a symetical lower degree 5 wave move in a support zone.
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    ES Journal Archive (2006 - 2008)

    Next resistance on es at 1451.50-1453 Main critical resis now at 1456.50-1457.50
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    ES Journal Archive (2006 - 2008)

    Ya I didnt mean today... it could take awhile Im in from 1459.. just playing with house money.
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    ES Journal Archive (2006 - 2008)

    next stop 1445.50 then 1443 then 1434 then 5% correction... I hope you guys have listened to me the past few months I finally nailed it. Look out below
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    ES Journal Archive (2006 - 2008)

    Take a look at this er2 1 min chart... Something has got to give. I cant believe they have it held up...
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    ES Journal Archive (2006 - 2008)

    First zone held perfectly... We are now at a critical zone here at 1453.50 any move below and we are testing fridays low and going lower. If it holds we will see buyers come back in.
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    Gotta love ZERO RISK in the SP500 = $$$

    Right...... more like look out below like I have been telling you
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    ES Journal Archive (2006 - 2008)

    There is still a brick wall above the market in the er2 at 834-836. It will be like a magnet. A nice scenario would be wash out the stops above last weeks highs and head straight into the zone to only immediate reverse catching all the bulls off guard. There is a massive amount of sell stops...
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    ES Journal Archive (2006 - 2008)

    Ok here are ES levels for the day. ES is trying to work off a higher level bearish wedge. Critical resistance just above the market at 1458.50-1459.50 second zone at 1461-1461.50. A break above the first zone would be showing quite some strength and that the bulls are once again in...
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