ES Journal Archive (2006 - 2008)

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whaaaaaaat?!! noo....the bull is not dead... =) ..lol

study the daily bars on the Feb bottom engineering. It will give you probability aspects for the next few days of trading.
 
Model telling me tomorrow's drop may put in a bottom.

Looking at the longer term model, 1507.50 is the short area, we selloff and then put in a bottom around 1413.
 
personal spending data is 8:30 am EST data....so futures will already move ahead of cash.

consumer sentiment in at 10:00 am and some european numbers a whole batch of them. I wont be sleeping tonight much. Will trade some fx.
 
Quote from apex82:

I saw this coming for months..... Just amazing to catch it and really rake it in when the oppurtunity presents itself... I am still in shock.

Anyways, after a big move I use to post some daily sr levels.. The one I posted after the last feb was the exact low to the point before moving to new all time highs. They are strong levels and important areas for daytrading.

Here are the ones for the ES:

Minor support - 1464 give or take a few

Main support and main target for my shorts posted last week before the decline- 1425-1429

Here is the visual...
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I havent been around much because I am taking some time off until September. I had one of my best months and am going to do some traveling, golf etc. and do my best to get away from the screens.

I will be checking the market after the close at times and may post here and there on some major oppurtunities and turning points.

Keep up the good trading......

The chart posted last week nailed this bottom on the dime....

http://elitetrader.com/vb/attachment.php?s=&postid=1546075

If you look at the bottom of the blue zone the value was 1455 which was the exact low tick in the globex before starting this 30 point rise in one day. This is how these daily support levels can create huge oppurtunities on an intraday basis even if you dont hold overnight.

Here is the updated chart...
 

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Quote from Buy1Sell2:

I do want to ask a question here if I could. Did anyone sell short on Monday and hold short all week? Just curious.
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Opposite to equities, I have been long Japanese and German bonds since that time approx.

And plan to be for a while....
:)
 
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