ES Journal Archive (2006 - 2008)

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Quote from saliva:

Stopped out @ 87.5. I must admit, this was the dumbest trade this week. I knew I shoulda covered at 74 but the damn stubborness got the upper hand.
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I believe Forrest Gump meant to say - Trading is like ... u never know what you gonna get :)
 
exit 904, disregard for journal integrity as no stop!


Quote from startraitor:

still going to battle for the 88.75, lowest daily close on october 10th. If we break it could see 904-910 today yet.

long 875
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:
 
Quote from JSSPMK:

I believe Forrest Gump meant to say - Trading is like ... u never know what you gonna get :)
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Overall, it was a pretty good day. I'm still learning as you can see, although I must say the last 2 weeks have been the toughest.

BTW, I would tell ya about "DEMTDAYBOYZ" if you would tell me who they are. :D
 
Quote from saliva:

Overall, it was a pretty good day. I'm still learning as you can see, although I must say the last 2 weeks have been the toughest.

BTW, I would tell ya about "DEMTDAYBOYZ" if you would tell me who they are. :D
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All I know is they hide in the shadows because many bears have a hit out on them.



:)
 
Quote from pulsescan:

Thanks:)

I have to get ready to leave for the Doctors now. However I'd like to post my setups for today. Perhaps this might help someone? I warn you ahead of time that my style of trading is NOT for everyone. I'm a systems trader so my price levels are predetermined before the opening bell. These are the trades that I would be putting on if I were able to watch the market this morning. I will not be placing these orders since i have to get ready to leave out.

see ya when i get back.:cool:

MARKET OUTLOOK: ES Z8 (E-mini S&P 500) / $SPX

Early US session

TODAYS TECHNICALS

*CHART: The Chart is NOW technically Bearish. (Click link to view chart)

http://stockcharts.com/h-sc/ui


*MARKET WATCH: Yesterdays price action managed to take out the 3 day low. Today’s action will be determined by the 8:30am EST Jobless Claims report which is expected to be bearish. Likewise the VIX is hitting historical levels to the upside. Corporate earnings have also been lackluster. The market will need to close above yesterdays close in order to establish true upside momentum. Until then I expect prices to continue to go lower.

*Today's Price Points

ES (Emini S&P 500 Futures) Entry Point = Sell @ 887.25 Target 864.50 Stop 938.50

1st Resistance 940.25
2nd Resistance 983.75
3rd Resistance 1059.75
Intraday Support/Resistance = 908.00





NOTE: "Parabolic & Hyper Parabolic moves in the overnight market/Premarket Open"

Q. What are parabolic moves?
A. parabolic moves occur when price movement extends beyond the entry price targets and can even go as far as trading beyond the profit targets.

Q. How do you trade them?
A. The system will examine the extent of the price movement and then make a determination as to the probability of the rally/sell off reversing direction and place orders in that regard. In other words the system will usually enter a "LONG" position at the oversold support levels and enter a "SHORT" position at the overbought resistance levels. The system will not always take these "contrarian" positions since they are only intraday short term reversal plays that could become quite volatile. However, more often than not the system will take these trades to take advantage of intraday volatility and price swing corrections.
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Looks like i missed a nice run to the downside today. I'm just getting back and looks like the mkt decided to test those overnight highs one more time. Well we managed to close above the previous days close however don't get to excited bulls. this mkt is set to tank hard. more downside to go.

BTW, was anybody able to capture that downside today?
My price levels worked great I see that the profit target was hit. Nice run. too bad i missed it.:(
 
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