ES Journal Archive (2006 - 2008)

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Just an update on what I am looking at for tomorrow. Market found a bottom today at a major S zone from the daily. The key zones for tomorrow are the 1393-1393.50 area and the 1396.50 area. I would exit all longs if I were you there. I will be shorting these with a 1.5 pt stop. If these zones are broken we will definately retest the highs from 2 days ago if not move higher. Profit targets will be 78.6 of B wave, retest of todays lows and holding runners for a 20pt+ move with a breakeven stop. Basically, at minimum, risk 1.5 to make 8 scenario. Dont front run me either :)
 

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It was hard for me to go long. I was certain that this move would touch the lower bb given a quadruple divergence seen on the daily, prior's days selloffs in every single market across the globe, an -8.5% cut in durable goods orders, democrats taking over congress, Iraq about to go into a full fledge civil war while Iran and Libya court Iraq leaders and the terrible prospect of Hillary Clinton being our president.....

Not to mention the highest asset bubble ever seen in history, having for a decade been supplied with 0% money from the government of Japan,....."so that the world", can jump start their own economy...hello !!

....you guys know the rest of the story I hope..

(I am a little drunk and very well deserved)

I went flat, but still had to go long gasoil at the IPE. Could not resist.

Beautiful women and great trades....some are simply irresistible..

:)
 
The fact that many funds do some "window dressing" at the end of the month could lead to some buyin, and this could well lead to a small bounce but I think that the odds still favor the downside until i see anything different.
 
B1, I've been trying to see what you used for entry, I think it wasn't related to any patterns discussed in this thread, unless you switched to a lower TF, as 15 was not showing a completed grail.
 
Quote from romik:

B1, I've been trying to see what you used for entry, I think it wasn't related to any patterns discussed in this thread, unless you switched to a lower TF, as 15 was not showing a completed grail.
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Not sure why he went long, but up volume yesterday between 1380-83 was one of the signals I used.
 
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