ES Journal Archive (2006 - 2008)

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Quote from apex82:

Here is some simple analysis currently on the market. Lots of different opinions lately on the journal.... which is apparent in the price action the past few days.

All in all these are 2 levels where the market will most likely make its deciscion. I am currently position short with selling atm vertical call spreads, short es futures as well as the stocks I posted a few days ago. The R:R favours the downside in a big, big way. That is how I trade, small ass stops and massive profits.
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agree with your 'line in sand' for shorts. what is the basis for your 1523-25 being the 'last hope for bulls'? are you just taking a few points off of support as 'proof' that it it's broken?
 
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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last night 43-33 for the long


then 32.5 to 42.5 for the short signal today



The secret is not in the math, it is in the one pulling the trigger.

:)
 
ES just printed 1528, thinking of shorting it. I doubt it is going up anytime soon tonight. Should be easy pickings. Get on the bus while you can folks. :D
 
Quote from Spectre2007:



either way it seems 1518 has to be tested.
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So your going to take a 10 point stop at 1523 on 5 add on entries from 1533-1531 even though you think it has to be tested?
 
good luck to all.
prints 1519-1516 for a short-term bottom cannot be ruled out by my measures.
while overnight's in the past few days have found buyers at previous day's lows. That is not the case so far today.
50% retracement of low before FOMC surprise to high the next day is 1525.00.
Will it be the short-term launching board? I don't see it yet, but, in the words of Sgt. Shultz, "I know nothing."
 
Trend remains up here. I am maintaining my small ES position long along with the full size NQ long position here. :)

I will considering adding to the ES long a little if the right signal appears. I am only looking long here.
 
ES is off 5 points since the close which is on top of the decline from the afternoon slide and there is no sight of bulls anywhere. Once the Asian traders jump on this piggy we will hit low 20's. precisely because the last couple of days the market was pumped up by AH players, the exact opposite I think is going to happen tonight.
 
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