here's the 20 point system trade....from yesterday..
ES Journal Archive (2006 - 2008)
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Until not too long ago, ES would move in lockstep with the crude, only in reverse. When the crude goes up, ES would come down. So it shouldn't come as a surprise when these two odd couples dance to the same tune, scratching each other's back, or is it? These are the very reasons why a trader shouldn't get too emotionally attached to the market.
On that note, I have today's bottom set at 1260.50 for ES (???) Any disagreements?
**Edit**
Well, just to be safe, let's say it's between 1260 and 1262.
On that note, I have today's bottom set at 1260.50 for ES (???) Any disagreements?
**Edit**
Well, just to be safe, let's say it's between 1260 and 1262.
When ES stopped reacting to oil going down that was a sign that ES had bigger problems that weakening oil could not help. It was a great signal to get short....
Quote from saliva:
Until not too long ago, ES would move in lockstep with the crude, only in reverse. When the crude goes up, ES would come down. So it shouldn't come as a surprise when these two odd couples dance to the same tune, scratching each other's back, or is it? These are the very reasons why a trader shouldn't get too emotionally attached to the market.
On that note, I have today's bottom set at 1260.50 for ES (???) Any disagreements?
**Edit**
Well, just to be safe, let's say it's between 1260 and 1262.
Whole morning price actions are not normal.
Big negative reading in $TICK, very jerky down side action.
Only printed 10 points range.
Odd.
Big negative reading in $TICK, very jerky down side action.
Only printed 10 points range.
Odd.
Limit buy orders in place from 51 to 54. If they get hit at all, probably will be tomorrow over, preferably, overnight.
No time for intraday trading until after Labor Day, so these are SWING trades, if they get hit.
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