ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Here is a chart of emini with keltner channels set to 20, 2 std.
Looks like a double bottom at around $1490.00. Also a link to barchart with a simple 100 day average. Only three long trades make this system profitable. Long term trend following works but you have to take all signals.
http://quote.barchart.com/performance.asp?sym=SPY&sig=13
Looks like a double bottom at around $1490.00. Also a link to barchart with a simple 100 day average. Only three long trades make this system profitable. Long term trend following works but you have to take all signals.
http://quote.barchart.com/performance.asp?sym=SPY&sig=13
long 1560 sL 1556 tp 1564
breakout player stops are clustered around 1540-45
see the ES just fell out.. gunning for my purported stop.. =)
the most painful thing would be if the market killed the breakout players first before resuming a rally.
the second most painful thing would be if it just continued its move higher without retracing.
the third most painful thing would be if it dropped through further after hitting the breakout player stops and continued to drop through the other end of the range since, knife catchers will think they are buying it cheap.
edit, so far the agenda seems to be to open it negative tomm. Then try to test resistance higher, and failure we break through the open range around 55, and head to 45.
financial sector earnings will have to drive the market up, but I sense a great deal of pessimism building. The market can climb a wall of worry. And a crash will occur when people least expect it.
the second most painful thing would be if it just continued its move higher without retracing.
the third most painful thing would be if it dropped through further after hitting the breakout player stops and continued to drop through the other end of the range since, knife catchers will think they are buying it cheap.
edit, so far the agenda seems to be to open it negative tomm. Then try to test resistance higher, and failure we break through the open range around 55, and head to 45.
financial sector earnings will have to drive the market up, but I sense a great deal of pessimism building. The market can climb a wall of worry. And a crash will occur when people least expect it.
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