ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from saliva:
Hmm, you wish me to be an idiot by telling the whole world where my stop is. Well then, so be it. It hovers near 1505. Just don't ask again.
here i will help ya.. long 100 ...at 1503.. sL 1500
oh please don't hit my stop..
oh woe is me.....
......15/30 min bars are looking good for ya.....OVB`s???Quote from saxon22:
I just placed 13 cars short at 1505. let's see where it is going to take me.
If not in the next 1 hour. Surely, this baby is gonna shake come the last 45 minutes of the market.
high is 1504.25
I am short 1503.75
tight stops
1499 target
Quote from saxon22:
I just placed 13 cars short at 1505. let's see where it s going to take me.
if not in the next 1 hour. surely, this baby is gonna shake come the last 45 minutes of the market.
That MIGHT happen, but that has not happened most of the time.
Most often, it goes something like this:
1. When the market gaps up, and then trades down to a point that there is a swing low above the gap, there generally is at least another strong move up for the day. Gap (or strong move) plus mid-day consolidation equals late afternoon continuation.
That describes today to a T
2. Strongly trending markets tend to move in tight channels, and there is little movement away from the trend. The stronger the trend, the smaller the pullback.
Again, sounds like today, to me; and
3. On a trend day, the trend tends to become stronger as the trading day becomes longer. Therefore, on a trend day, the stubborn countertrend trader risks suffering significant losses.
Good luck!
if its any consolation. my cleaning lady says shes going to remove some size, since retail sales will be out tommorrow.
she gives me the best tips.
she gives me the best tips.
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