ES Journal Archive (2006 - 2008)

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Quote from HolyGrail:

made it to 69.25 and got stopped out at 70. I have no clue where we are going from here.
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North.......into the fomc ....looking to be a dip buyer up until then & a seller on extreme moves north & into the sell zones above.

good trading to all here .....taking some time off this thread...hope i`ve been of some help here.

steve
 
Quote from Mins:

Did anyone catch the top. I was waiting for 75 to be hit got a nice precise counter-trend entry with great R:R.


Target is 65.
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I had 14 cars waiting and it did not get there :mad: :mad: :mad:


Spooz .... you are a true educator, thanx for all the help. Your posts have always been appreciated by my. You are a classy trader!


:D
 
.....i am noticing here that unlike previous closes...... the volume of this closing sell-off does not dwarf the volume of the intraday upmoves....
....wow.... look at the volume of that last up move ....
 
it is called a run......watch spot run...volente see many spots by this time of day...which is which??just kidding vol, have a good day..my day is done at market close, when that type of quick thrust is seen but very tradable with early entry seen very clearly...of course some here thinking noise at first...no such thing as noise it is all price price is money.....
 
Quote from Spooz Top:

North.......into the fomc ....looking to be a dip buyer up until then & a seller on extreme moves north & into the sell zones above.

good trading to all here .....taking some time off this thread...hope i`ve been of some help here.

steve
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Well, I closed out my long and reversed position just before the close at 7275. I hope to offer Volente the chance to capture 2 points after I ride it down 10 points. :D
 
I'm seeing very strong resistance at 1484.75 - 1485.25 on the SPX cash.... so like 1486.75 - 1487.25 on ES....

We've got the 50-day MA (and bouncing off the MA's has been the game for quite a while now)... we've got the 61.8% retracement from July hi's to August lo's (which isn't quite as strong of a zone since its already travelled through this level, but hell, its still on my chart), and we've also got the 78.6% retracement from 9/4 hi's to 9/10 lo's.

Thats synergy... or as apex would call it "an area of confluence" haha. I can't trade in front of my computer during the day, but I'll still be taking a stab at this trade by entering my order in the morning. If it gets there it gets there, if not, no trade, whatever...

Short Order @ 1486.25
Stop @ 1487.75
Target to be decided.... 1470 maybe
 
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