ES Journal Archive (2006 - 2008)

[BoyBrutus]

Quote from romik:

BB, are you primarily a discretionary trader?

Yeah, I guess people are looking for the Larry williams oops trade if I'm right.

It better take off soon or I'm bailing.

 

[romik]

Quote from BoyBrutus:

Yeah, I guess people are looking for the Larry williams oops trade if I'm right.

It better take off soon or I'm bailing.

unless that bullish hammer's low on daily is taken out, I continue to think that ES will re-test 1300 level any time now, I actually thought it would be last Friday, obviously that didn't happen. Have a long bias for this week, unless that hammer's support is taken.

 

[BoyBrutus]

Stop at 1267.50


http://www.lbrgroup.com/index.asp?page=FAQ

 

[romik]

Quote from BoyBrutus:

Stop at 1267.50


http://www.lbrgroup.com/index.asp?page=FAQ

Oh my God, u know all I trade, actively if you can call that, is the 15min TF, between open/close of a bar I can afford to do other things, than look at the monitors all the time, I've done that before though.

 

[Buy1Sell2]

Romik, you may be correct from a broad perspective on the daily chart. 1262.50 is certainly the most recent reaction low. It may be prudent to place stops below that number. Either for exit or entry.

 

[ForrestGump]

Quote from BoyBrutus:

Long 1276.75 Naz is looking strong shorts are loaded. Where is the sell volume here?

Another good call - very nicely picked.

 

[BoyBrutus]

Quote from ForrestGump:

Another good call - very nicely picked.

Thanks but I did exit on my stop. The strategy was correct and the bullish divergences were there, pennant formation on the 5min, I had a long bias above 1277.....

But Esignal has been crapping out this morning.

I prefer to reassess and enter If a position does not go my way within an expected timeframe, even if it means paying a higher price. Although today the re-entry would have had price improvement as the Dow stocks and YM lead the market which became clear at 10.45

I will look for another entry since this 60m multiday downtrend channel looks to be breaking to the upside, and B1S2 stops not to far away

 

[BoyBrutus]

Quote from romik:

Oh my God, u know all I trade, actively if you can call that, is the 15min TF, between open/close of a bar I can afford to do other things, than look at the monitors all the time, I've done that before though.

There is nothing else I would rather do than look at the monitors and tape all day. If you want some adrenalin to start the day, trade the ER2 in the first 30 minutes. I can usually make my profit target on this and lose it even faster. seriously I am finding it very profitable and I'm using the hotkeys to trade it fast

I am finding the ER2 gives some good bang for the buck with many daytraders providing good volatility. also a favorite of Steve46 and nihabaashi?

 

[BoyBrutus]

Three indians forming, but looking for one last push to short. Maybe 1284 area. Maybe I should just scale in?

 

[sosa1974]

Im going to wait for those inflation numbers Tuesday and Wednesday before I make a move. If these numbers show elevation in prices I'm in short.