ES Journal Archive (2006 - 2008)

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Quote from JimmyJam:

Actually the market is trying to find support.

That's why the Longs are generating more profit than the Shorts.

See trendy, you've learned something new already, that you don't know nearly as much as you think you do.
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NO POSTER, whether they do so on a consistent basis or not, is required to teach YOU or anyone else here ONE SINGLE THING.

But if YOU want to continue to teach the lurkers, go right ahead. :)

Jimmy Jam
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Hey Jimmy. How you likin' them longs now buddy?
 
Quote from apex82:

long 1505.25 stop at 1504.75


target 1515

lotto trade...
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takign profit 1 here at 1509

next profit at 1514.25 and third at 1518.25

EDIT: stopped moved to breakeven at 1505.25
 
Quote from apex82:

takign profit 1 here at 1509

next profit at 1514.25 and third at 1518.25

EDIT: stopped moved to breakeven at 1505.25
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Working for me as well... taking proift 2 here at 1511 jumping the gun

stop still at breakeven and holding 3rd unit for 1518
 
05-24-07 08:53 AM
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Quote from BoyBrutus:

Hey Vol

What does your options analysis indicate?

Thx
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Quote from volente_00:

Cash 1490- 1500 to 1540-1550 for now.
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Good call Vol, the reason I asked was somebody very experienced was calling for a similar drop from similar analysis.
 
JimmyJam,
is that a standard RSI you have on that chart you posted. I run Trade Station, and my 14 bar RSI readings on a 2 minute chart do not coincide.
 
Now trading at resistance here at 1515-1516.... still currently long.. got a real nice entry this morning with low low risk. If we can get above this we should get a pop up to 1520.

I have to say.. the formation of the H&S scenario I posted on the chart last night is looking real nice.. we are now trading above the zone and if we can hold above for a day or 2... new all time highs here we come
 
Nice call today APEX, but you must be losing your touch, you missed the bottom of that move by a whole 25 cents.

FWIW, for the first time since this sell off began the market is rallying without the bond yields rising. The bonds and the market are not usually so closely correlated for short term trading, but for the three days of the sell off the yields would instantly rise whenever the market tried to rally. It looks like the market may be free to do what it wants now instead of the bonds telling it what to do.
 
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