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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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10/14 swing high = 1057.50
Today's low = 856
Just a tad over 200 points--not bad. Major market moves often end in 00, or close to it.
A 50% retrace will take us close to that open gap above.
Today's low = 856
Just a tad over 200 points--not bad. Major market moves often end in 00, or close to it.
A 50% retrace will take us close to that open gap above.
Quote from trackstar:
Are you kidding??? I'll post my chart of the NQ in 30 seconds....
http://i33.tinypic.com/1199iio.jpg
Sorry if this sounds trite, but it's always easier said than done--especially after the fact. An idiot from another board where I once frequented always threw out truisms like "it ain't what you trade but how you trade" Well duh!Quote from The Voyager:
There is only one thing that consistently works day after day without exception and that's price.
TV
But you're essentially correct. Price and only price should matter in the end.
Quote from saliva:
Sorry if this sounds trite, but it's always easier said than done--especially after the fact. An idiot from another board where I once frequented always threw out truisms like "it ain't what you trade but how you trade" Well duh!
But you're essentially correct. Price and only price should matter in the end.
I will clarify.
I've seen your charts and you read them well but if I may, you would read them better if you just stuck to price behavior around areas of interest and the usage of lines particularly, flat ones.
This does not just apply to the past, but to the present and future too.
I wish you great trading.
TV
mentioned this at noon but noone picked up on it, when you have a rally or selloff in a 3 step pattern,the rally will fall to the bottom or beginning of the first step,the selloff will return to the top of the 1st step. if it goes to a 4 th step ,it will blow thru the bottom of 1st step. 3 step example is chart of 87 crash,4 step example is chart of 89(?) Nikie crash,upside down example is 15 min on es this morning til around noonQuote from ammo:
3 step drop on 15 min,could go back to 914
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