ES Journal Archive (2006 - 2008)

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Measured move target is 1522.25. We'd need to fall off a cliff to get there by today's close. I hope we do, because I won't be able to trade tomorrow.

I am presently short ES from 1533 with a breakeven stop.
 
Quote from tomahawk:

"Finishes"? ... does it ever really 'finish'? :cool:

I did a basic study on whether it reversed at least 2.50 before it continued 2.50, and it was around 67% ... but that included hypothetical entries @ anywhere from EXACTLY 10-points to 10 pts on the nearest 1.25 grid (i.e., 44.00 - 55.25 = '10 points' ).

My overall impression was that simply fading the 10-point move based on nothing else was a surprisingly unreliable tactic. I'm sure others like volente may disagree.

Cheers
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I am following Spyder's journal, in accordance with some of the rules, in particular volume, it would have been risky to apply rule of 10 and take a long @ 1533.50, with increased red volume plus one would have been riding a short down from higher up.

Good trading all :D
 
...thanks... :0)
... for example... we already completed a 32.50 to 42.75 ... and back again....
... so now... what are the chances of closing (4:15pm)....
.... on 32.50 or 22.50... or 42.50 for that matter ?
.... after having already completed a ten'er

Quote from tomahawk:

"Finishes"? ... does it ever really 'finish'? :cool:

Cheers
More...
 
1-min chart measured move target is 1527.00, invalid if paint above 1532.00.

15-min chart measured move target is 1522.25, invalid if paint above 1534.25.
 
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